Finally he could afford that reservation at Dorsia

I love that the firms never let Jamie and Charlie past the lobby, and when they finally get to the main floor, they find it empty, messy, and juvenile.

The big guy living in the car with his family is a powerful image. A very sad and unfair moment.

This is how Wayne Enterprises started.

"You're buying stocks? The market is at an all time low. This is crazy!" Someone never learned the concept of "buy low and sell high".

Impressive. Let’s see Paul Allen’s returns.

"What you'd think we'd find?" "I don't know, grown-ups." Very true in many industries.

The sadness of Burry when writing his final profit is very emotional. Once again, a superb performance by Bale, able to perfectly cast one of the greatest genius of all time.

Not one of Bury's Scion investors ever thanked him for their 489% gain.

It's such a powerful moment when he writes 489% on the board. Every time he changes the figure before this, he writes out three digits, then puts in the decimal point. So, the first time I saw this scene, I remember thinking, "wow 48.9% is huge." Then the absolute shock hits when he doesn't write in the decimal you realize the actual growth was 10 times that.

"They choose it not based on facts or results, they choose it because it seems authoritative and familiar".. so true in all aspects of life unfortunately.

The douchebag mortgage brokers at the job fair is such a great scene. Those two actors were brilliant in their minimal role. It is a scene that perfectly symbolizes that part of history. I had a few friends who dropped out of school and took mortgage jobs during this time and they were the same way. Then the bubble burst came and they all lost their jobs. Unfortunately, it is the low level people like them that ended up being impacted the most. Some still haven't recovered and are still working menial jobs. The guys responsible for the majority of the damage were given their bailouts and golden parachutes funded by the taxpayers. Capitalism at its worst.

"Grownups" is a great line. We always think that someone out there is in control, someone out there knows what's going on, that someone can come to the rescue.

The lone guy sitting at his workstation at Leman Brothers is chilling. Just could not accept that the gravy train had just crashed.

0:53 the understated look of desperation on their faces. No matter how many times I watch this film, no matter how many years have passed since the '08 housing crisis - it always makes my stomach turn to think that the common American had to foot the bill for Wall Street's greed.

Back here again today in May 2022 telling myself it could be worse. I still get chills when he writes 489%

0:45 _"This business kills the part of life that is essential . . . the part that has nothing to do with business."_ That part would be your "soul."

“This wasn’t how I pictured it” “What did you think you’d find?” “Grown ups”

This movie awoken me to the real world. Should be shown in every school in the country.

At 2:55 there is spray paint that reads “LEH: 0.00” for those who didn’t realize, LEH was the ticker for Lehman Brothers, with 0.00 being the price of the now bankrupt investment powerhouse. Although it was never directly stated in the movie, they were not depicting some generic bankruptcy, they were depicting Lehman in VERY accurate detail, all the way down to the large black security officer and man saying “do not talk to the press” over and over while people cleared the building. The trading room looking the same with the quotrons up on the wall and everything. My dad worked for Lehman during the crisis and pointed out to me when we saw the movie that they did a really amazing job reproducing the day when he came into work the last time. Especially when you consider they never even specified it was Lehman!

2:17 Who knew a still shot of a whiteboard could be the most badass scene of the movie.

"People will go for certainty,even if it is wrong."~ Isaac Asimov

"Grownups" said the new kid on the Wall Street block. That's some perspective.

Dude had the best diamond hands anyone has ever seen 💎🙌

"I dunno. Grown Ups?" Holy shiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii.

Felt really bad for the Scion ex-employee restocking the 7-11 cooler, hope he got even just a token handout from Dr. Burry. Even the two hacks who used to sell "NINJA, no income, no job" mortgages at the job fair look quite miserable even if all you had to go by is their faces and body language. What an amazing film.

I'm loving all the clips, even though I've seen both movies. As someone working for Big Bank, it's scary how quickly people are choosing to forget...

That line at the end. "This isn't how I pictured it.." "What did you think we would find?" "I don't know, *grown ups*." The level of greed during this time, and even current times. Is at a point where it is irresponsible, nearly immature of those with money and power. As the financial system cannot even support it. The thing is the wealthiest knew it could and would likely get to this point. They just wanted to milk it as much as they could before it did.

To give you an astounding fact about the total performance of Dr.Michael Burry's Scion Capital, here is an excerpt from Michael Lewis' book The Big Short: [The investor most conspicuously absent from the Bloomberg News article- one who had made $100 million for himself and $725 million for his investors-sat alone in his office, in Cupertino, California. By June 30, 2008, any investor who had stuck with Scion Capital from its beginning, on November 1, 2000, had a gain, after fees and expenses, of 489.34 percent. (The gross gain of the fund had been 726 percent.) Over the same period the S&P 500 returned just a bit more than 2 percent.]

"It's not what you don't know that kills you, it's what you know for sure that ain't true." Mark Twain They show this at the beginning of the movie but this scene speaks volumes on it.

0:56 "...For the past two years my insides have felt like they’re eating themselves. Something horrible is happening inside me and I don't know why. My nightly bloodlust has overflowed into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip..."

it hits you when you see the stock market floor empty. I was in high school and my dad worked for a woodworking specialty company and the housing market collapsing almost made that business go bankrupt. It really should piss people off that those bankers will do it again... or i should say are already doing it with student loans. Guess we'll just see when those collapse

I don’t know if it was true in the real story, but I always find it interesting that he out of the other shorts in the movie, never moralised about the fact that average people were getting scammed and the tax payers would have to pay for it. His character was about cold value calculation, and any grievance he had was about the fact that nothing was logical, not about the fact that lives were going to be destroyed. It’s an interesting perspective compare to the others

My brothers friend was at Lehman Brothers. He said after closing down market, everyone in his office was dead faced. And everyone was known about outcome after that day.

In 2007 I had a wife, a good job, great credit, and a mortgage. Two years later I was on unemployment, divorced, credit sinking, and was forced to sell the house. Now I have an ok job, decent credit, and I'm permanently priced out of the housing market. There were no heroes in this movie, there were only fuckers and those who fucked the fuckers. Everyone else just got fucked.

No one sees the irony. He is a one-eyed man but saw everything coming. Meanwhile everyone is blinded by greed. "In the kingdom of the blind. One-eyed man is king" -Desiderius Erasmus

Buckle up boys we're in for a big short part 2 after 2020 starts

sometimes i simply need to see this scene. 8 years are passed since i started to study economics and with the time my thoughts changed a lot. 8 years ago i believed in some way in the institutions, now I can see the hidden interest, the role of the capital, the inequalities and the inefficiences that this system creates. It's interesting but at the same time is frustrating understanding how things really works. I ll always remember his words about the relationship between the authority and the people.

I really liked his honest letter to the investors

Makes me very sad see the family livin in the car, the saddest part is that are more living in the streets, whom didn’t recovered from this economic disaster.

2:50 "This isn't how I pictured it." "What did you think you'd find?" "I don't know...grown-ups." Sums up my last day at JPMC over two weeks ago.

Another subtle note in this legendary movie: he ends his previous emails with "Dr. Burry" but now that he is closing his fund meaning he had nothing to do with Finance anymore, he ends his email with "M.D Michael Burry" connecting to the fact that he was a medical student, and really has nothing to do with his Finance Doctorate hereafter. Masterpiece 👍🏼👍🏼

2.69 billion....hes up 489% but the market crashed... So adjusted his money was then worth more since most others lost money. Also had more money to invest on the rebound

I used to be so fascinated by the banking and finance industry. I thought money making business would be challenging and interesting. Now that I'm working for such an entity, it's made me realize how quickly you lose friends and a part of your life. It's gut-wrenchingly competitive and you just cannot find time for anything else. The pay is good and all but that doesn't guarantee happiness. One week feels like a month, and a day at the same time. It's just not for everyone.

A unique and sobering event. Funny though how soon we forget.

To paraphrase a line from the movie, people don't like to think about bad things. Which is why no one believed the crash would happen.

The big guy with the family in the car saddens me. Dude was living as a tenant, paying his rent every month, but the house was in his name of the landlord, who wasn't paying his mortgages. How many people were like this, I wonder - made victims because they trusted the wrong people. A home is not just an asset - it's a roof over your head, something where you can BE yourself. To have it taken away so coldly - gods...! I just want to know: do renters have rights that enable them to check whether they aren't being fucked over? This landlord here is gone with all the rent he's collected monthly... but the family's homeless. Imagine if the family had leased the home for a year - I doubt the banks would have been like "Understandable have a nice day!"

Why is this movie so good? I could watch clips from this movie all day

I have literally lost count as to how many times these clips come up...ive watched the film several times...and yes I agree 👍

Who else is here after Gamestop’s stock shot up?

This is one of my all time favourite clips.

The dudes at the job fair looking at ikea and KFC hit home. All adults during that time knew a former loan person going thru this

People want an authority to tell them how to value things, but they choose this authority not based on facts or results. They choose it because it seems authoritative and familiar. Its true when your come to make decisions in investment strategy

If you thought 2008 was interesting you're going to love 2020.

One thing I didn’t notice before was the young analyst who was previously working at Scion and talking with Burry about his risky position is now stocking groceries at a convenience store. Too bad Burry didn’t throw him a bone after he dissolved Scion lol

Gotta love the "You're buying stocks?! The market is at an all time low!" So many people have this mentality and it blows my mind. You prefer to pay higher prices for things rather than buying them on sale?

This business kill the part of life that is essential the part that has nothing to do with business So deep so true Only a businessman knows !!

Signing off with M.D. shows he is reverting back to his past when he was pursuing a profession that helped people rather than one that destroys them.

Let's see Paul Allen's hedge fund closure letter.

“This business kills the part of life that is essential, the part that has nothing to do with business”

That feeling of coming into the empty building, expecting adults but finding only a childish mess, waits for us in the Eccles Building and many others

Massive Baleout

WHOA look at his eyes at 1:44! He mentioned he only had one eye and when he’s using the computer only one eye moves because one is fake.

The office building will be donated to the city of Gotham on the conditions it never be altered and used for the misfortune orphan care

I wish they would have made a scene after this, with those 2 guys who came into his office and told him he was wrong and to give them their money back, about how much they were wrong....

This is really scary, a horror movie I'd say! But it's the best one I've seen. Period.

They went after him for his initial investments that eventually paid off when the housing market collapsed as he predicted and if I'm not mistaken when he walked away from the firm those same investors sued to force him to stay working for them.

LEH: 0.00

Your friendly reminder that he invested in water and farming years before the Western Mega drought became a thing

His bet, made the company $700+ million. People doubled and even tripled their investments. But they still hated him for taking the risk.

Boom and bust cycles, financial deregulation, bubbles... Just capitalism working as intended.

he was managing a fund of around 550 Mil at scion before shorting. i.e the +489% .means 550 x 5 = around 2.69 as mentioned on the board

2019: Burry predicts an index fund bubble for large cap stocks

the ones who suffered the most were the ones who had nothing to do with it, I feel sorry for the pensioners who had to go back to work to survive.

Why do we keep doing it. Over and over again?

the montage always make me cry

imagine if this happened in real life

"You're buying stocks? The markets at an all time low, this is crazy." It's infuriating the most common advice in trading is to buy low sell high yet next to no one ever actually follows the advice despite it being correct.

The time is repeating. We better be ready !

Mark Manson said something about how we think your intellect is in drivers seat and our emotions are in passanger seat. But its the opposite our emotions are behind the wheel and our rational mind is in back seat quietly suggesting we all keep eyes on the road.

Investor:. Who are you? Dr. Michael Burry: I'm Batman!

So that's how Bruce Wayne made his fortune. Closed the fund, became Batman. Solved.

2:48 - My first impression from this overhead shot is that it looks like a fire-damaged building with the chaotic mess of grey. A perfect analogy.

The saddest part is that it's about to happen again.

You ready for the next one guys? It's coming.

Legend says he also took short position on superman returning after death..

The scale of this was so big that every one of us probably knows at least 1 person that lost their house during this thing.

I just realized who the guy stocking soda was :(

1:11 The authority message is essentially an advanced version of the "alpha male": authority tends to be about looks, not logic. Similarly, Mark pointed out in the end how we are still bound by short-term goals ("fraud and short-sighted thinking") more than long-term goals, since the latter is harder to maintain. Also, Richard H. Thaler (the guy with Selena Gomez) mentioned the Hot Hand Fallacy, where people think that whatever [good thing] is happening now will continue to happen in the future. They all hit right in the feels partially because they're relatable (and they're good scenes too). We may be bound to animal characteristics, but we're still more mature than animals. If we focus on doing things better, we have a better chance at more stable and higher-quality habits and systems. This movie makes you feel the pinch of the economic disaster, hence the dark tone, but we can do better.

Love the detail of someone having stolen the monitor from the monitor arm.

I sold my house in early 2009 and managed to escape this. But, many people on the verge of retirement had to dramatically change their plans. As Pres Obama said "Although many of Wall Street's practices are legal, they are incredibly risky".

You watch the news today and people have forgotten all about what happened and just like they said. The blame is on immigrants and poor people. How sad

GameStop boyz ringing up their brokers like....

I didn’t notice the “LEH: 0.00” painted on the wall first time round.

I have read that subprime loans have made a comeback, now called nonprime loans. It seems we have not learned our lesson yet in this country. This along with massive inflation and interest rate hikes make me wonder whether the next bubble is about to burst.

So will WSBs expose the same in today’s markets?

And the same thing is going to happen again, mostly because of student loans. I give it until 2025 at the latest

Everytime I watch I notice something new. Love the Red Bull tower, lol

As a business owner in the modern economy, I can tell you how frustratingly true the economic underpinnings of this crash were - perpetual growth is a lie and ultimately everyone is playing a game of financial hot potato. So many businesses like mine have gone under because they pursued massive investment and expensive marketing. Thing is, that's much smarter from the standpoint of the proprietor. Hidden in marketing and inventory costs are high executive salaries that far exceed my current annual revenue. They don't need to be in business long before they've recouped their money and leave the debt with investors. It's a cruel thing to do, which is why I could never bring myself to do it but it's not like I'd be ripping off old ladies.

After 3 years in Accounting and Economics at a 4 year university, this scene deeply resonates with me. I am not even remotely rich, but after succeeding in getting the grades I want in business, and after watching what feels like hundreds of class sessions empty out every day, semester after semester, I have decided that after acquiring this degree, I want to instead pursue a job in Human Resources. I feel that I am much more useful making capitalism more tolerable for whomever I can, than simply allowing machine-like business heads grow and then deplete their market value.