设万维读者为首页 广告服务 技术服务 联系我们 关于万维
简体 繁体 手机版
分类广告
版主:大川
万维读者网 > 加国移民 > 帖子
The Big Short
送交者: jingchen 2019年02月07日18:15:15 于 [加国移民] 发送悄悄话

The Big Short

“Since I was a child, I feel more comfortable being alone.” Michael Burry, the main character in the movie, stated. If he prefers to be alone, how he can succeed in the investment business, or in any business?

A person alone has a lot of time. He is also under less pressure to conform. He did his own homework, his own analysis and formed his own opinion. For example, he didn’t rely on professional rating agencies to value mortgage bonds. He actually looked into individual mortgage contracts himself. Moody and S&P rated those bonds AAA. But he knows a lot of those mortgages will default. His inability to socialize makes it easy for him to do his own work and to form his own opinion. As a result, he produced stellar investment performance. Others seek his professional service. He doesn’t have to socialize with others.

The Big Short is about a bunch of weirdos who foresaw the coming collapse of the financial markets in 2007. They short the market early on. That’s why the movie is called The Big Short.

“I may be early. But I am not wrong.” Michael Burry defended his investment decisions when questioned by Lawrence, a large investor. Lawrence replied, “They are the same.” Indeed, being early or being wrong, you get the same result. 

In financial markets, you could be one or two years early. You will be redeemed in one or two years. Major social trends may never reverse, until the society collapses. That might be several generations away. If your ideas differ from the mainstream, you short the society. You had better lie low and try to avoid conflict and confrontation as much as possible.

0%(0)
0%(0)
标 题 (必选项):
内 容 (选填项):
实用资讯
北美最全的折扣机票网站
贝佳药业美国专利【骨精华】消关节痛、骨刺、五十肩【心血通】改善心绞痛
一周点击热帖 更多>>
一周回复热帖
历史上的今天:回复热帖
2018: 擅长以“无聊”对抗“无聊”的加拿大人
2018: 出尔反尔,多伦多冒利不接地气犯众憎
2016: 范儿1043—加国移民(廿四):恒心与自