A newstudent was inspired by my parody video of Boiler Room here:
…and he put together a list of the 5 best Wall Street films…I’m working on a much bigger and more in depth list, but for now these are some solid movies you definitely should watch to better understand the stock market and the evil, manipulative people who inhabit it (these characters exist in real life too…trust me on that)
After a couple of tough days trading, perhaps the best thing a trader needs is a little inspiration. Where better to get this inspiration than from some great films about Wall Street.
The first one is the 1987 film Wall Street directed by Oliver Stone, about a young, ambitious and very impatient stockbroker named Bud Fox (played by Charlie Sheen), who uses his connections within the airline industry to cosy up to the illustrious Wall Street rebel Gordon Gekko (played by Michael Douglas).
He lived the high life that everyone dreams off and then his whole bubble burst as he is manipulated by Gekko. If you have seen the TV show Wall Street Warriors, you will know that this film inspired the classic white collar and blue shirt combination known as ‘The Gekko’. The film lasts for 2 hours and would definitely recommend you give it a watch.
Number two for me is not as good as the original Wall Street film, but reviving the story of Gordon Gekko was always going to be a very difficult task. Wall Street: Money Never Sleeps is still a relatively entertaining film. When we have moved from fractions to decimals and from open outcry to electronic trading, the film progressed much quicker and wasn’t focused on Bud Fox, but on Jake Moore and his fiancé (Gekko’sDaughter) and the collapse of the global investment bank, Keller Zabel.
If you can take anything away from this, it would be not to let your emotions get caught up in your trades. Close to the beginning when KZI is collapsing, Jake leveraged his bonus and bought into the company. Needles to say he lost it.
Yet another ‘ok’ film set in the world of all Street, Margin Call is an engaging and thrilling film involving the key players at an investment bank during a 24-hour period in the early stages of the 2008 financial crisis. When an entry-level analyst gains access to information from a colleague pen drive that could prove to be the downfall of the firm and potentially the western financial system, a terrifying roller-coaster ride ensues as decisions both financial and moral launch the lives of all involved to the brink of what was thought to be the inevitable meltdown.
Perhaps one of the best films out there - Boiler Room.
A college dropout gets a job as a broker for a suburban investment firm, which puts him on the fast track to success, but the job might not be as legitimate as it sounds. The operation turns out not to be entirely legal and the room raised billions for companies that don’t exist.Boiler room is inspired by the operations of the the boiler room operator Jason Belfort. This is one of the best classics there is out there. You can find it online for purchase pretty easily. To see Tims recent spoof of the interview scene from this film click here now.
Although it isn’t out yet, and Tim has already written a post about it, which I recommend you ready by clicking here.
You just can’t help but get excited when one of the worlds best directors, and one of the worlds best actors, collaborate to create one of the worlds best wall street stories of all time so far. Yes you guessed it, the Wolf of Wall Street. This time it is more accurately based on the work of Jordan Belfort. Set in the beautiful era that was 1980/90 US, we will learn about one of the largest actions of Financial Crime in history. If you’re not looking forward to this one, then you should be. Out 15th November 2013 (USA).