I was at this reference
I remember my pops watching this when I was a kid
Matthew Mconaughey lowkey embodies the high rolling stockbroker better then anyone else in the movieYes, 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
explain
The chant they're using, Leo and his boys used when they were talking about hiring the midgets.explain
It's called "Freaks" directed by Tod Browning (same cat who directed Frankenstein) and its about a circus performer who marries a circus midget to get his money (where he gets all the money from, who knows) and his "freak" friends get wind of her plot and they "make her one of us"
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
Watched this last night after seeing the commercial on TV...best movie I seem in a LOOOONG time
Breh, don't be slow, dude got an oscar nomination from it which alone will help him cash in millions in future
He playing chess not checkers with his movie roles
I thought The Aviator as a whole got robbed. This movie's making waves but I still hold The Aviator as the best collaboration Marty and Leo have done.
he only got paid 60k for the movie?
still havent seen RRFor me...Inception and Revolutionary Road were better. But I'm just saying, that's a strong statement for a guy with Leo's track record. A lot of comp for that role.