I don't get it
>muh communism
>>81150238
Autism saved the day
>>81150366
>>81150366
Are you retarded ?
>>81150238
GO watch inside job documentary
>>81150238
Nobody does.
Burn the bankers.
>>81150238
I understand everything but the concept of shorting, like for me it sounds like a bet the stock is going to go bad, but that seems like it should be more on a gambling website than an actual financial investment???
>>81150238
dude rich white people lmao
>>81150601
The Shorting Michael did was based on actual analytics of data. The only gamble was WHEN the subprime mortgage market was gonna collapse, not IF.
>>81150648
(((White people)))
>>81150718
Ok but where the FUCK do you park your money on that?
Oscar bait thread?
>>81150751
By buying default insurance (CDS). You pay a few thousands anually and get a shitton of money when bonds default. When it comes to derivatives it's always a gamble rather than an investment
>>81150942
So I was right when I said it's basically gambling and not an actual financial instrument, thanks
>>81151022
omething can be both a financial instrument and a gamble at the same time.
I still don't get it. Who paid everybody at the end when the market crashed? I'm still trying to figure out what shorting is.
>>81151022
>So I was right
No.
Go pick up a finance textbook before doubling down on claiming you're right in your ignorance.
>>81151203
This. The movie kinda portrayed like even they didn't make money which wouldn't make sense since the short would make sure they'd get payment if it failed
>>81150238
It's just craziness. Finance is all made up so you can literally make up whatever you want.
Someone can access your bank account, add two more zeroes to your account and you go from 200$ to 20000$. Unless they spot the error that's your money.
That's how crazy money is. It's not even magic, it's just nonsense.
Late capitalism isn't to be understood rationally. It operates by irrational belief in made up things. Much like religion.
>>81151022
>not an actual financial instrument
But that's what gambling is.
Money