{"id":103513,"date":"2015-12-11T12:42:26","date_gmt":"2015-12-11T20:42:26","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=103513"},"modified":"2016-01-07T09:06:14","modified_gmt":"2016-01-07T17:06:14","slug":"everyone-see-big-short-probably-will","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2015\/12\/11\/everyone-see-big-short-probably-will\/","title":{"rendered":"Everyone Should See “The Big Short,” But Probably Few Will"},"content":{"rendered":"

A few weeks ago I had the privilege of attending an early screening of the upcoming movie “The Big Short<\/a>.”<\/p>\n

I’m not a movie critic, and I don’t typically write reviews, but given how closely related the film’s contents are to the topics we have covered on this blog over the last ten years, I do want to share my thoughts and reactions to the movie.<\/p>\n

When I started this site in 2005, I was a complete outsider to the world of real estate, finance, banking, and Wall Street. And yet, even I could immediately tell that something was incredibly wrong with the market<\/a> and the overall economy that was building into an ever-increasing frenzy on the back of housing.<\/p>\n

Given that I was starting from zero, it took me a few years to understand all of the underlying financial fraud that enabled everything to get so out of hand. In hindsight, I wish that I had made some big short bets in the years leading up to the collapse, but realistically I had neither the resources nor the knowledge to make a smart profit like that.<\/p>\n

But there were some people who did.<\/p>\n

Michael Lewis’ book “The Big Short: Inside the Doomsday Machine<\/a>” tells the story of a handful of traders whose skeptical nature and financial intelligence allowed them to see behind the curtain and make huge bets on the inevitable collapse of the entire house of cards. Director Adam McKay has turned Lewis’ book into an engaging and interesting movie with some big-name stars driving each of the film’s three concurrent storylines.<\/p>\n