news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Text│Qinling

The financial industry's support for the film industry is an indisputable proposition. So, can movies, as a vivid carrier of literature, art and thought, also provide interesting and beneficial feedback and benefits to finance? The answer is obviously yes. Today, we try to compile a set of "film textbooks" for finance majors based on "Wall Street-themed movies".

01

Public Courses · Philosophy:

Wall Street

This work is a classic of Wall Street movies. It ranks first in the "Harvard Business School Recommended Movies" circulated on the Internet. The film tells the story of the life-and-death contest between the "legendary old bird" and the "magical rookie". Gordon Gekko, the "old bird" of Wall Street, is a stock market tycoon who is invincible and feared by everyone. In the financial wars that are staged anytime and anywhere, he can always win every battle. Paul Budd, a fledgling "rookie", just graduated from New York University. He is ambitious, but he has no place to report his enthusiasm. By chance, the "rookie" met the "old bird" and used a stock market insider intelligence to help the other party make a lot of money and was reused and became one of the partners. In his desire for money, beauty, and high society, Bud began to use everyone around him to spy on all favorable business intelligence for his own profit. Until in the process of acquiring Blue Star Airlines where his father worked, the greedy Gekko went back on his word and wanted to dissolve and sell it, which made Bud, who still had a conscience, wake up. He used all the stock market tactics that Gekko taught him to fight back against the tycoon Gekko and help his father save Blue Star Airlines. In the end, he also paid the corresponding price for everything he had done.

Comments:

As the ancients said, we must correct our names. Now, we must correct our thoughts first. This is why we put philosophy in the first lesson. In "Wall Street", the several rounds of competition between Bud and Gekko for Blue Star Airlines are indeed full of financial "hard currency" and worth savoring again and again. However, the more important thing is the thought conveyed by the film. "Old Bird" Gekko had a deafening speech. He said, "Greed is right, greed works. Greed makes people sober, sorts out everything, and then grasps the essence of the problem." Greed "is the driving force of all human progress" and "can save the United States from problems." What exactly is "greed" and what is "unscrupulous"? This is indeed a controversial business ethics proposition.

02

Public Courses · History:

Inside Job

This is a documentary about the 2008 global financial crisis. The film begins with the Icelandic debt problem and points the finger at the collusion between Wall Street and the government. However, these culprits who caused the financial crisis were able to stay safe and sound in this catastrophe, and even continued to reap fame and fortune after the financial storm. The creators collected detailed information, interviewed celebrities, politicians, and financial journalists in the global financial industry, revealed the rise of financial tycoons, disclosed the shocking truth behind the corrupt policies in the industry and academia, and explored the causes of the global financial crisis and the social impact that followed. The film won the 83rd Academy Award for Best Documentary and the 76th New York Film Critics Association Award for Best Documentary.

Comments:

As the English title "Inside Job" shows, this is a documentary work with a clear narrative tendency. Everything is the inside job of the rich. In the gorgeous soap bubbles blown by the capital game, the poor are the ultimate victims. Although it is indeed suspected of being "too subjective", from the perspective of documentary, or even from the perspective of discovery, it is a very good and solid movie. For students who are interested in studying finance, or even students who just want to invest in the stock market and real estate to resist inflation, it will also be a teaching film that is easy to understand, rich in information, clear in analysis, and clear in concepts.

03

Professional Courses · Marketing:

Boiler Room

The legendary Stanford Business School recommended financial film tells the story of how a fledgling young man grows up to become a top stockbroker in the "water room". The 19-year-old boy Seth Davis is determined to join JT Marin Brokerage to become a broker because the company promises to provide him with the "fastest path to success". The motivated young brokers sell stocks to buyers who deeply trust them over the phone and help them trade stocks. Soon, the ambitious Seth passed the stock broker certification exam with excellent results and began his "road to success". He sold those stocks that would never have a future to greedy investors. He chased money and interests at a very dangerous speed, approaching his so-called success, greedy and uneasy. At the end of the film, in the ever-changing business circle of Long Island, New York, Seth, who still has a conscience, finally began to face the test of his conscience.

Comments:

If you have ever worked in sales or telemarketing, you will definitely be familiar with this film. The mode of first inspiring and then tearing the skin makes the narrative of this film have a sense of ups and downs. The first half is about the self-cultivation of stockbrokers, and the second half is about the dissection of financial fraud under the US market maker system. Different angles have different interpretations.

04

Professional Courses · Investment:

Rogue Trader

This movie has a domineering nickname, "How I Brought Down Barings Bank". It is adapted from an autobiography written in prison. The author, Nick Leeson, was the initiator of the sensational Barings Bank collapse case.

This employee of the futures and options department of Morgan Stanley joined Barings Bank on June 16, 1989. The success he achieved in Jakarta, India, and the training he received from Morgan Stanley Bank made Nick Leeson an expert in futures and options settlement. However, his over-trading speculation in derivative financial products in Singapore led to a loss of up to 1.4 billion US dollars, causing Barings Bank to collapse on February 26, 1995. The movie shows the fall of such a typical bank employee. As a bank employee, Nick accidentally discovered a loophole in the bank system, which enabled him to profit from it. The abyss of sin thus opened the door to him. In the face of huge interests, Nick was able to control himself. As a result, he did a better job and his position became higher and higher, but at the same time, the pressure on his shoulders also increased. If you walk by the river, you will get your shoes wet. When mistakes cannot cover up mistakes and lies cannot cover up lies, it is time to pay the price.

Comments:

Adapted from a true story, the technical level is guaranteed. What is the business model that can bring down a century-old bank overnight? What kind of brilliant life is associated with it? You can find the answers in this movie. It is definitely the best negative lesson for learning finance, investment, and basic banking operations. As Nick wrote in his autobiography: "No matter what transaction you make, mistakes are inevitable, but the key is how you deal with these mistakes."

The official public account of “Shanghai Banking Museum”.