Friday, 13 November 2015

week 8 reflections after watching a movie named 'Margin Call'


In this movie, the investment-firm analyst Peter Sullivan uncovers sensitive information that could easily plunge the entire business into peril, inadvertently destroying the lives and careers of his colleagues in this tense thriller set during the onset of the 2008 financial crisis. Over the course of the next 24 hours, Sullivan realizes that the decisions he makes will not only affect the employees of the firm, but the lives of everyday Americans from coast to coast as well. 

Margin Call shaped the seven characters from analysts to CEO vivid and plump which reflected the real grade division standard of the Wall Streetor we may be bold to say that they all the true people in our finance industry. Through their identity, people also think: how money bring changes to the smartest elite? Being laid at the bottom, Seth who could earn $250000 per year at a young age still was addicted in the excitement, the most concerned about was that if working for few more years, he could earn more. Himself is dull and indifferent to the finance industry, but in the end, when he was going to lose the job, he cried and said, "This is all I ever wanted to do". Maybe there is a too small amount of people specialized in finance and investment who have their true beliefs in their own career paths and could insisted on them for a long time. Scholars like Peter and Eric, who was one of the few people in the capital markets and could keep calm down to analyze arising problems, and recognize that was just the emperor's new clothes. Unfortunately, they built a bridge and had the ability of human exploration, but they were cut at any time under this kind of background, and they gave up the purpose, it was cold but it was the reality of "the money here is significantly better".

However, the cruel irony is that Tuld was the heart of the crisis, but he was in the safest one in the film. When traders tried their best to sell securities for company survival, Tuld just quietly drank coffee in the dining room, taking notes.  Faced with the strong contrasts between different staff in a investment firm, we must rethink about the point of working hard and devoting our efforts to become a member of the finance industry. From my point of view, in this contemporary finance industry, interest is the greatest moral, it is also the moral in the world which would never change. As a member of the Wall Street, if you want to continue your career, you only need to compromise the morale and give up your principles. 

When material has developed to a stage, people have become accustomed to enjoy and consumption, how can they know what is true and what is false, or what is the significance and what is the essence? Participating in the world's finance industry, everyone tries his best to work hard and make the largest amount of profits, but no one knows the reason why they need to do this. After all, it is just money, nothing more. What the Wall Street have done is just the money business, which means dealing with money. 

As for the financial crisis, what is that means, 1% to 99% of plundering, or social by-product of human nature?  In this movie, i find that the most suitable answer. It is certainly no different today than it's ever been. From the Tulip mania in 1637 to the Dot-com bubble in 2000, it is all just the same thing over and over; we can't help ourselves. And anybody can't control it, or stop it, or even slow it. Or even ever-so-slightly alter it. We can do is just reacting. We may make a lot money if we get it right, or we get left by the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers. Happy foxes and sad sacks. Fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been. But the percentages - they stay exactly the same.

 From shallow good analysts, to the CEO who gained an insight into human nature, realized that the crisis was inevitable and the moral was worthless; it is the reality of the capital market and sculpture process of each wise people involved by the Wall Street.

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