Yes, we all have some culpability in all the things that happen in our lives....I was just addressing this notion that dude was nothing more than a good salesman and he did nothing wrong.
People spend 40+ (even 80+) hours a week analyzing stocks for a living, it's unreasonable to expect people with full time jobs and families to do the same. I don't say that to defend that fool's decision to throw 4 grand at a penny stock for a company he knows nothing about. I say that because at some point we all will have to rely on the word of analysts, we can't have those analysts telling bold faced lies.
This particular scene touches on a real issue with brokers. If they make 50% commission on one stock, and 1% on another they're obviously going to to push the stock that makes them more money. I don't think most legitimate firms have such drastic differences in commissions, but this eTrade commercial suggests there's some differences:
To me the biggest problem with the industry was illustrated by Matthew McConnagy (I know I butchered his name): Broker's main goal isn't to make you the most money, it's to keep you in the game. Keep investing, so he keeps making commissions. You get rich on paper, he gets rich with checks to blow on hookers, cars, and coke. He was dropping crazy game in that scene, best bit role I've seen in a movie in years
almost all movies that win oscars are oscar bait movies
