Investment Analyst Explains: The Big Short

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).

[alex]

As a cybersecurity professional, I gotta say that a lot of the claims that are made about the added layer of protection that a VPN offers are overblown. They don't protect against malware, phishing, ransomware, most data leaks, and they aren't a perfect protection against tracking since a lot of that is done through cookies or browser fingerprinting. The protection they do offer is that they add a layer of encryption, but since most internet traffic is encrypted already nowadays, that too is of limited value. I agree that joining a shady wifi network is probably a bad idea without a VPN, but my solution to that would be to use the hotspot on my phone. That's always safer.

Sorry to bust your sponsor's balls, Richard, I don't mean you harm. Love your channel and all, just thought I'd share some of my professional expertise.

[vinniechan]

Almost 10 yrs after that movie came out i found that sea food stew analogy not only apt for the said situation but also very useful explanations of most things in life 😂😂😂😂

[stevensimms]

I watch this movie every year. It's so epic. I work in the industry and I'll tell you now, absolutely nothing has changed.

[Christopher_TG]

Using credit default swaps to make money off of the housing market crashing sounds an awful lot like taking out a life insurance policy on a dying man that nobody realizes is sick in order to get a big payout when the man does indeed croak.

[Maxyy]

Next one should be the movie Too Big to Fail. HBO had a decent cast and follows the book by Andrew Ross Sorkin surprisingly well.

[marclederman]

My absolute favorite movie about this era in financial history. Once again you have done a masterful job of explaining the sometimes arcane, but always interesting, story and details of these very complicated financial instruments. Thanks for this excellent run down! Keep up the great work. Your channel, along with Patrick Boyle's, is THE ABSOLUTE BEST!

[thehfginc]

It's April 27 2024 and I just saw this video and its GOLD. I went to a private prescreening of TBS (The Big Short) and I remember walking out looking like I'd seen ghost only to be interviewed on the way out. I actually invited a few clients to screen with with me who was in the banking industry. I am in the financial services industry so it was a good watch for me. This movie does a great job showcasing what goes on in the world of Big Finance.

Another good watch is The Inside Job, it's more of a documentary style but it's on this level. It follows some of the big players who allowed all this to happen including our government!

[richteffekt]

Happy channel birthday, Plain Bagel! Big fan of your work here on YouTube and your capacity to solidly staying put in the no-BS lane! 🎉 l do really, really appreciate it.

[smjaiteh]

YouTube recommended “Enron: The Smartest Guys in the Room” with this video. It’s a documentary, but I’d like to see you do a video on Enron for guys like me who were too young to really understand what happened back then.

[triciclosonido]

nobody seem to realize that the scariest line of the movie is at the end, when it says that Michal Burry is focused now on only one commodity: water.

[Odysseus]

That cut to "theres a bubble" fuckin killed me 😂😂😂😂

[magesalmanac]

You consistently have fantastic and interesting content. Thank you!

[L-Wong]

One of my top favourite films and really appreciate you providing this additional explanatory video. It helps me to understand the film and its message more!

[crazyman]

I saw this movie while researching information about 401ks when I started my current job almost 5 years ago: how much to put in, how much to diversify, how big a match, the pros and cons, and somehow this film ends up on a recommendation on youtube.

I watch the film and my jaw hit the floor. Not only was it pretty informative, as well as being a movie that starts as a comedy, turns into a drama, and ends as a horror movie, but it made me read the book it's based on written by Michael Lewis.

Since then, Ive always recommended people to watch the movie and read the book to understand what is going on now and how to best prepare their finances for an inevitable drop or crash.

Thanks for putting your thoughts on this film and better explaining some of the stuff that wasn't fully explained.

Even my cousin, who is a financial advisor, i remember speaking to him about how i have my 401k invested and such and he was very impressive at my knowledge of it and i said i saw and read The Big Short and then follow-up on reading Millionaire Next Door and The Intelligent Investor and he felt everything I was doing was perfect and to keep it up.

I remember when I was buying my house one of the options I had was to use an adjustable rate interest only loan. My mortgage guy explained how it worked. automatically I came a parent to me that this was unsustainable. Last time went on a few years later I asked him how to short the market and he wasn't sure. Either way I don't have that kind of money. I could never have done that. The only good thing was I took a conventional loan and I bought a house so I could afford.

[xiphoid]

Thank you, even as someone who understood the housing crisis, you still helped me pick up details and things I missed during the movie. Thank you!

[richardbloemenkamp]

This was a pretty complex and dense video. I had to pause and rewind your explanation multiple times to understand. As a test I urge everyone to reformulate in your own words all that the Plain Bagel explained in this video including just as an example how the synthetic CDO works where the money comes from and goes too and why.

[FirChif]

Commenting mostly to improve engagement, I think it's silly to have your previous video demonetized. Always love your work Richard!

[dutchmerchant]

Love the Plain Bagel, plain explations of complex stuff. Well done! You should have 7 million subscribers!

[THErealmrInsanity]

For real watched this movie again yesterday!
And now you are talking about it…
Awesome timing man