Thursday, March 20, 2008

Human Nature towards money and capital remains the same...

Wall Street, is one of my all-time favorite movies. The movie describes the human nature (and its attitude) towards money and capital in the most apt (& naked) form. It's a classic and a 'must watch' for anyone whose got anything to do with the capital markets.

The following are some of the quotes from the movie -

  • It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
  • This painting here, I bought it 10 years ago for $60,000, I can sell it today for 600 [$600,000]; the illusion, has become real, and the more real it becomes, the more desperate they want it—capitalism at its finest.
  • We make the rules, pal. The news, war, peace, famine, upheaval, the price of a paper clip. We pick that rabbit out of a hat while everybody sits around wondering how the hell we did it. Now you’re not na├»ve enough to think that we’re living in a democracy, are you, Buddy? It’s the free market, and you’re part of it.
  • Ever wonder why fund managers can't beat the S&P 500? Because they're sheep, and sheep get slaughtered.
  • Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms, greed for life, for money, for love, knowledge has marked the upward surge of mankind.
  • First lesson in business, don't get emotional about a stock.
  • What the hell is Cromwell doing giving a lecture tour when he's losing $60 million a quarter? Guess he's giving lectures in how to lose money. Jesus Christ, if this guy owned a funeral parlour no one would die!
Awesome Movie ! Michael Douglas at is best, but for this movie, Basic Instinct wud have been his best ;)

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