BEST of THE BIG SHORT #3 - Dr. Michael Burry Betting Against the Housing Market

[@sarthakbiswas2201]

Very good..now let's see Paul Allen's swaps.

[@EisenbergFlavour]

nice one

[@Kenoi_]

Look at the *THICKNESS* of it

[@HamburgerTime209]

I was hoping I'd see this comment

[@thesk8erdav]

He's got the Fischer account

[@80sOutrunFan]

Just spoke to him, he will return shortly. He was talking about returning some video tapes?

[@nishit7147]

This is how Batman became rich.

[@scania1982]

You mean Bateman :)

[@bigtxbullion]

Man this made me laugh

[@matteodafre4259]

No, it's about Betman

[@jeffreyjernberg3650]

Batman became rich the old fashioned way, he inherited the money from his parents.

[@magicmooney5011]

Lol

[@cyberstud0074]

489% profit at the time of the real estate crash. 👍

[@Amilakasun1]

So close to 5 times.

[@mikerice5298]

@@Amilakasun1 16 trillion to Banks not 700 billion and QE for years

[@krismine99]

@@mikerice5298 you really don't know what you're talking about

[@sandeepmahat4748]

Short position closed before the armagadeon...

[@raulmartinez3484]

That is insane. The Big Bear won that year.

[@alsah-him1571]

The 15 seconds of flipping through 250 pages of mortgage-backed securities is a realistic depiction of the level of analytical depth these corporate crooks are capable of

[@datshitcray]

yeah, I assure you, this is not how it went down 😂

[@mattturner7531]

"These should be fine..." (trying to sound confident)

[@phunkyphresh3799]

Anyone who has authority buy $100 million of anything doesn’t have the hours in a day to read all that.

[@cobes11]

If you know what you are looking for, then there are only a few pages that matter.

[@freedomordeath89]

Its a film its not real

[@earnwithhearn180]

Dude with one eyeball walks into Goldman Sachs and takes a billion dollars and a coffee mug from them. Epic.

[@trever2244]

Intelligence brother, it's always epic. :)

[@linxdeal]

I know Dr. Burry is a good guy but I feel like you just described a Bond villain.

[@ReddoFreddo]

He took 100 million (minus premiums) from them, not a billion. Still

[@crimdell]

Christian Bale is one of the greatest actors of this generation and the way he has transformed his body to play different roles is truly amazing. What I can't figure out is how the hell he made his eyes do this to imitate the real Michael Burry, who has an artificial eye?!

[@and_ppv]

crimdell it was done with CGI

[@eldoug1589]

@@and_ppv Dude, you give CGI too much credit. Try something more basic: 1 contact lens

[@PCRevolt]

@@eldoug1589 Not really giving it too much credit as you could replicate the effect with CGI

[@theycallmek3v]

It was done by him actually being able to do it. It’s something that came in handy

[@anasothman3884]

Amazing actor, supposedly not a delight to work with though, look up "bale terminator losing it". Also you can make your eyes move independently with alot of practice, very dangerous but doable

[@Musicrafter12]

He gets the Asperger's depiction down perfectly. The avoiding eye contact and lack of expressive hand gestures and body movements strikes gold.

[@JamesSmith-uh8zf]

Also the one glass eye looking the wrong way. Very accurate.

[@kargs5krun]

I'd rather he'd adopt the look he had "bonking ho's" in american psycho. Could see him wanting to sick-slip that finance chick some....well you know what rhymes......😂

[@icey984]

2:20 and the talking to himself

[@jeffj3023]

Yep. I have it. And I still cannot get eye contact down on a normal level. I can’t stand it. Love the other properties of it of course because it’s very much a super power in other situations. But I really don’t like how in the dsm 5 they decided to put it under one big autism spectrum. For lack of a better word. It’s literally stupid/retarded in my opinion because Austism is not like depression or adhd today. No one (common person with decent social awareness) will openly say they don’t understand autism. They’ll just continue to think all autistic are stupid or “missing something” in their brains that would make them “normal” I do believe they’ll go back to differentiating the two conditions in he next edition

[@ErikMello96]

Wait fuck do i have asbergers? I am horrible at making eye contact and get super awkward in social settings no matter how hard i focus on it...

[@MasterChief-sl9ro]

He took the cups. As he knew they would be bankrupt..Thus a collectors item. But he never thought the Taxpayers would allow the Government to bail them out. Man was he wrong...

[@thomasgo9355]

It's also a way of saying "I'm mugging you"

[@lkcdarzadix6216]

@@thomasgo9355 cheeky kek

[@Theocook1]

The government was always going to bail the banks out. They didn't really have a choice. The entire world economy would have completely collapsed and as bad as things were they would have been made a million times worse. Armageddon basically. I don't say this to excuse what the banks did or to suggest that they deserved help, but the government shouldn't be castigated for bailing them out. There was literally nothing else they could have done.

[@davidobrecht5122]

@@Theocook1 thats not true just look at iceland the didnt bail out their banks and now they are better than ever economically speaking

[@longxiao9823]

Basically without the bailout, you wouldn't be using KZbin today, since the enterprise used to heavily rely on bank loans and angel investors when it was getting started back in 08.

[@naztetv8862]

The editing for this movie was so off the wall. I cannot believe no one has ever tried to copy this again. Of all of the recycled BS in Hollywood, no one recycles the actual good stuff. This movie is riddled with seemingly out of nowhere pop culture edits like music videos, old memes (Pearl the landlord), celebrities like Bourdain and Margot Robbie (looking like a legit goddess) breaking down mortgage backed securities. This movie is so much better than it has any right to be.

[@sethreynolds3885]

I think some recent Netflix or Hulu documentaries are starting to copy this editing style. Painkiller on Netflix is a good example.

[@chookchack]

They love those fictional movies and just change the main character’s ethnicity to ride along these diversity agenda. Much easier that way.

[@howlbigbadwolf]

He literally "mugged" the Banks🤣

[@SS-rd6cv]

😂

[@jrcell5832]

Technically the tax payers.

[@nico-zt9od]

Tax payers ended up playing all

[@fukers2stop]

and the banks mugged you so basically you got mugged by him

[@Pembquist1]

Yeah, check my math but if instead of "foaming the runway for the banks" the fed/treasury/gov could have just refinanced all of the distressed mortgages, certainly the owner occupied I suspect it would have cost substantially less than backing up the swaps and securities made out of swaps and would have just kind of frozen everything until they could be unwound. Sort of stop the credit event so all the derivatives based on it that could not possibly be paid without massive taxpayer subsidy could be extinctified. Pretty much what the Dutch did with the Tulips eg: back to square one your paper is meaningless. Oh well, back to fairy tail land I go.

[@alifudin007]

this is how he can afford to dine at Dorsia during weekends

[@morningwaves]

Yeah, but you'd think with all that money he could get a better font on his business card than Cilian Rail.

[@gabepaixao7249]

You didnt give them a name... They know me.

[@magicmooney5011]

Lmao

[@rsb__]

but he can’t even get a reservation when he calls

[@user-ck7ko9tc3d]

Underrated comments

[@hlngr3637]

"I wanna be certain of payment in case of solvency issues with your bank" - like a boss!

[@brahsumatra]

Collecting coffee mugs as trophies. 😂

[@rock3tcatU233]

Like the predator collecting skulls.

[@davidpaje2201]

you could say that he mugged them

[@robertomurri1278]

No..just no.

[@jerryhsi005]

i want those mugs too

[@AboraPearl]

Coffee is for closers only.

[@fanjarwijaksono552]

"When the bonds fail" such a wise and accurate man using "when" instead of "if"

[@covidforex9779]

100%

[@Myr3390]

I love how everyone one of these actor's totally sells the stuck-up snobby arrogance on wall street.

[@burritobowl0190]

Indeed

[@smartyyoung7319]

Thats their hiring criteria. It's called leadership / confidence

[@generalaccount6531]

To the average Joes who don't even know what the inverse relationship between bond price and interest rate, the difference between floating and pegged FX rates, or as basic as what derivatives even are, you need an authoritative, I-really-mean-business looking facade to make them feel confident putting their savings in lol. I've been through training programs with guys like this, and trust me, the teller at your local Fidelity doesn't know that much more than a final-year finance student.

[@AllenHanPR]

You act like you know shit about wall street. You can't make that statement unless you been in their shoes.

[@mariogotze6588]

General Account Mate, I honestly don’t know what you’re talking about. Most interviews at places like Goldman or Morgan Stanley expect you to know this stuff. You can pretend to be confident all you want but unless you have killer connections you won’t get hired.

[@calb281095]

0:44 'This is Wall St, Dr Burry, if you offer us free money we will take it'. - She forgot the number one rule of Wall Street, there is no such thing as a free lunch!

[@slamdunktiger]

Cal B well said

[@nigelft]

Yup ... ... and he ended up eating all of theirs ...

[@adiabd1]

@@nigelft aaaand they stole taxpayers' lunch for compensation

[@muhamadfazliehafizie7231]

Damn right .

[@johnsmithee6660]

Look at papering of those Prospectus. The lettering is something called Silian Rail. Material has a subtle off-white coloring. Pale Numbus. The tasteful thickness of it. Oh, my God. It even has a watermark

[@ljbrandt500]

What burry didn't realize was that the investment banks he was betting against were the same one's keeping the score.

[@TheKt75]

Fabulous comment.

[@sampepper8799]

he still won lol

[@Sidneyyoungblood75]

That's how crooked Wall Street/The City et al is

[@marcuscato9083]

deathskyvalley I think it makes sense in that he was small potatoes compared to an outfit like Goldman Sachs. I assume the OP meant that the banks of that size had enough clout to unfairly influence the ratings agencies.

[@WeAretheWalrii]

@@pengo242 He's not a bank, he's a fund. There's a difference.

[@amitsidhar]

I love the symbolism in this film. For those we don't know, in the UK those types as cups we refer to as Mugs. Its very significant because the word "Mug" in the UK is also slang for "a fool". If you're calling someone a fool, you say "You're a mug". If someone has made a fool out of you, we say "You've been mugged off" In this scene Goldmans honestly thought Michael was a Mug, but he actually mugged them right off!

[@boarini2003]

This movie is a masterpiece. The writing, acting, camera work, editing, story, everything.

[@americanenigma_5108]

It must be so LONELY to see something that no one else can see !! Everyone laughs at his ideas but HE KNOWS !! Imagine what he would be feeling ! Knowing these fools can’t see what he sees !!! Like sitting at top of a hill am seeing something coming but the people downhill don’t see and mock his warnings coz they can’t see ! The man at top would be feeling so quiet , lonely and just hangs in there with his confidence coz he can see from the hill

[@kevinw712]

The kicker is though, pretty much Michael Burry's entire point was that he was in no way exhibiting something "special" in being able to determine this, it wasn't that nobody else would be able to on a practical level understand it because he was on some higher plane of consciousness or something. All the math was plainly there for ANYONE to see, it's just that Burry actually took the immense amount of time required to see it. That's why he kept stressing to the other main executives at his firm, this was not a "gamble", there wasn't technically any risk by the standard definition. It was literally mathematical certainty. Of course, the part he didn't foresee was how far these banks would go in shamelessly rigging the game to put this off from happening. The notion of those firms simply getting to buy their preferred ratings, thus on paper it wouldn't indicate that these were faulty securities.

[@morningwaves]

I think he was able to be emotionally disconnected, which is an asset in investing in general, because he suffered from Asperger's Disorder.

[@JT-93]

You mean like how everyone keeps telling politicians about climate change?

[@magicmooney5011]

It's a good thing they would not do the deal if they saw what he saw lol

[@magicmooney5011]

@@JT-93 more so like believing paper straws will stop climate change.. and that killing ppl by not using fuel will stop it lol

[@rights9620]

Someone pointed that out somewhere about those mugs. He's literaly '' mugging '' them xD

[@caseygriffin8878]

Dr. Burry was in a hurry that day. He had to return some video tapes.

[@Suleei]

Iam sure its funny but i didnt understand😂 this movie even made me dumber🤣

[@XMaverick20]

I guess he means Burry looks and acts like a simple man. Not a Wallstreet suitcase.

[@kargs5krun]

@@XMaverick20 Um, no. Think Casey was ref to American Psycho. Bale aced "intense" in that one too.

[@accountsequity5587]

Eduardo Santos it’s a reference to another Bale movie (American pyscho)

[@gfunkmadness]

I’m just a happy camper!!!

[@Jermbot15]

I like how both banks had a guy with a conscience who was sort of trying to talk him out of it, and a total bastard who just wanted the money.

[@shawnmcdoge2215]

Someones gotta train the new guy to not have a conscious

[@bbface21]

I wish Dr Burry had the ability to enjoy the fact that he played these punk-ass MBA tools who think they know everything.

[@tiffles3890]

In a way, perhaps the fact that he cannot is intertwined with the ability that let him take these schmucks to the cleaners. His son is officially diagnosed with Asperger's and he himself says that he has it too. Whereas you and I may get bored of looking at a table of numbers for a while (even if we understand them and can play around with them), the Asperger's brain is different. Those people can go hours and hours doing even seemingly the most boring things (often very specific) with all the excitement in the world.

[@GamerTheTurtle]

Not all IBs have MBAs. There's a lot of people with STEM backrounds in the industry. Nonetheless the douchebags at the big banks like Goldman are probably either cream of the crop Ivy League grads (and even then they need to have met the right people at the right interneships) or rich fratboys handed the job by their MD daddies. They're not gonna give the sweet $200k salaries to just anyone fresh out of a four year and even then it's monotone, repetitive work in a stressful environment with long hours.

[@nicholascadwallader2469]

Gaurab Chatterjee they are pretty extraordinary but it comes at a high cost, and these conditions are often extremely romanticized in Hollywood. My brother has Aspergers. He’s not a math whiz or an extremely focused person but he is an amazing artist and abstract thinker, one of the most intelligent people I know, but he suffers severely socially because he’s so different and may come across awkward to some, & that fuels his alcoholism to use as a social crutch. He lives a really tough life, I feel for the people that have this condition.

[@superjoshi6654]

Exactly opposite He actually went into depression and had to remove part of his intestine

[@GabeNicholson]

big finance guys are usually PHD's in physics.

[@jdrancho1864]

Does anybody realize the killer move in this scene? Michael Burry pushing a prospectus across the table TO THE BANK!!

[@DR_socal]

He did his homework and it showed. He was a mathematician in many ways, bankers are just money movers... they got destroyed because he understood mathematical principals, they didn't stand a chance. 💪💯👍

[@melwinmj]

I only pray to give me this guy's confidence

[@alvojnikovic2171]

Melwin Mathew John it’s easy when you know something nobody else does. In life in general.

[@scottmatheson3346]

@@alvojnikovic2171 you have it backwards. If you have that self-confidence then you believe you know what the other person doesn't (whether you are right or not) and if you lack that self-confidence then when you do know something the other guy doesn't you doubt your own knowledge, even your own sanity. This is a common point throughout the movie: the short sellers are all wrestling with the question of whether they really know something everybody else doesn't, or whether they are missing some detail everybody else knows about that will sink their whole position - for example, the detail that the ratings agencies are in on the scam, or that the government will eventually bail out the big failures.

[@mitchellmelkin4078]

Melwin Mathew John, I don't think I would call it confidence, instead of knowledge, that he was certain to be proven correct about, because he had put in the time to prove it.

[@JAMESSCUNHA]

I am sure there were times he may have doubted his own decision as his fund was paying millions each month in premiums hoping the housing market would crash.

[@weirdshibainu]

All I could think of besides the brilliance of shorting the housing market, was that one or both of those noobs whispering to one another probably had coffee breath.

[@kuroroluxifer8321]

Earned billions over a few hours Worth of meetings. Best profit ever!

[@Ixions]

Mark Cubans no 1 life rule is: "Never take a meeting unless someone is writing you check." Of course, this shows that he's not a fan of meetings in general

[@marianoiannelli7759]

The music track detail is brilliant. It start wen they say yes to the 100 millions proposal and it stops when him asks about cups. Means that the music is a celebration from the bank managers prospective, because they think they got 100 millions, they still did't get how much they got fucked.

[@CristianRodriguez-hz6gb]

the sad thing is they work in a fed system they know nothing about becaue they don't do the real research and belive the fed like they are God everthing they say is gold they work in the intrest of the people there doller system is perfect aka credit aswell no way the fed could become wealthy from this aka half of a precent of those who control the system

[@General-Kitten]

It didnt really matter of the amount they got fucked because of the bailout

[@williambarrantes1674]

The absolute madman

[@neloysinha8098]

Steve Carell totally shined in this movie for me but for the few scenes we saw Bale, he stole the show.

[@fredfavarato9940]

This movie gets better every time I watch it! Maybe because is so full of technical terms and things even the financial people couldn’t understand, that every time I see it, becomes clearer!

[@SK-ck9qu]

It is astounding, for me at least, that when he bought 100 million in default swaps, the bank didn't become suspicious and actually checked why he wanted to short them.

[@balletvaria]

because a handful of people saw what noone else did and they made money betting against the banks because they knew the cdo s were going to fail in so many cases the banks were underwriting illegal loan

[@StocktonMush]

Goldman sachs actually looked under the hood and realized the problem right away, they unloaded their positions and started shorting that market as well

[@liamtg912]

I love how you can hear the guy say “housing’s never going to crash” when they’re whispering to eachother.

[@C00kiesAplenty]

"Because it's so solid right now. Who doesn't pay their morgages?".

[@FlexSZN23]

3:30 “Silence, Millennial. This is my retirement!”

[@alexandercrush]

Don 😂

[@hectorfernandez-tenet]

3:09 "they suspected nothing" "the arrogant never do" a few years latter this is how destiny is fulfilled

[@signalrepeater]

I,.....I..I like these cups.Can I take them. Yes,yes ..there are two. So Dr. burry made goldman make him a deal that will eventually make him millions but also took two good looking cups fom their office. pretty cool man he is.

[@kappajohns5416]

He took them in the event they became insolvent, itd be a memorable item.

[@writerconsidered]

He made billions. The cups were a trophy. Kinda like when a serial killer takes a trophy from his victim.

[@Melhem97]

He was mugging them.

[@letsburn00]

@@writerconsidered That's an interesting way to view it. They also cut the scene which indicates that he has high functioning Autism.

[@lewishorsman2219]

Bale was great in here. The way he plays the character fully invested in the quirks and behaviours of the subject was amazing. Not many actors can do that throughout filming.

[@Conundrum425]

All in all for whoever that hasn't seen the whole movie, he profited over 2 billion dollars. And made away with nearly 500 million for his main client alone.

[@trulyhealthyme911]

Just assume the system is always rigged and nothing devalued will actually fail, and you'll always win.

[@tonyw3436]

This is a perfect depiction of how the buy side (Burry) is so different from the sell side (Goldman). Goldman is only concerned with sell sell sell while Burry needs to come up with differentiated investment ideas to be successful as an investment manager

[@ryouma1717]

when someone walks into a bank and wants to pay millions to go against the house you should probably take him seriously instead of laughing at him

[@Bubbles99718]

I kept waiting for someone to walk in and whisper, "we've analyzed his attack plan. There is a danger. Should we have your shuttle standing by?" I mean, anyone walking in making a 100 million dollar bet has to have their side analyzed.

[@yoyojuninho6130]

These weren't the bank owners, they were just employees that would get a fat bonus from the deal. They were likely fired after the crash but that would likely happen anyway.

[@DR_socal]

Alot of bankers have the IQ of a baked potato. Dr. Burry struck me as a mathematician; they never stood a chance against the laws of mathematics.

[@kingkongPl]

he made this bet 1 year too early, at that time people didnt understand that play yet...

[@Gnorde]

To put things into context, the banks had to pay him but bc they were “ to big to fail “ the tax payer bailed them out which means the tax payers not only lost their houses but also made this guy rich. Context is everything.

[@DeviantDeveloper]

Thing is - the suits in that meeting room made cash that day, and never lost anything ever. The tax payers bailed them out.

[@ToblerX]

It's true, they were selling the swaps, which are basically insurance. As insurance sales people they most definitely got bonuses on the sale.

[@mitchellmelkin4078]

The Deviant etc., Well, assuming that some of the people in that first encounter, may have been fairly junior, while perhaps getting a mini-golden parachute, they still were likely to have lost their jobs. That's something.

[@milosbandic7842]

This comment should be pinned at the top.

[@testtestlast4306]

@@mitchellmelkin4078 it's something, but not enough. The discussion should not be if they should lose their job or not, the discussion should be if they get life in prison or the death penalty. Also juniors don't do 200 million deals on their own

[@jasonh5574]

Anyone who has watched Michael Burry's speeches or interviews knows how well Christian Bale captured Burry. A brilliant performance.

[@darshandhaka1522]

The time he says"When the bond fails" Chillled.They should have understand he is right !

[@Andrew-dp5kf]

The audible audiobook of this is really entertaining, recommended

[@budbin]

I love how he mentions pop-culture, saying that's what they're going by, then goes to all the other banks, with all the vapid pop imagery playing in the background as they all happily sign the papers. Fucking poetry.

[@cgh7337]

3:10 I love the smirk on her face thinking that she just played him.

[@Jaden2977]

Honestly the best actors, director and cinematographer(s) ever.

[@sputnikalgrim]

Those idiots laughed all the way to the unemployment lines. It always pays to be the smartest man in the room, but to have the balls to risk it. He’s a legend

[@NoCreativeNameGirl]

Can't wait for the remake of The Big Short and Margin Call in few years.

[@MJScoutArchMar]

Only have a few months to go!

[@alvin3009]

What's the next bubble to burst? Index funds?

[@ChristosAnesti33]

Alvin probably crypto currency

[@ChristosAnesti33]

Alvin and the inflated stocks of...pretty much any tech company out there

[@StocktonMush]

@@alvin3009 His next big short is inflation and we are reaching prime time

[@Hoth1907]

This scene is so brilliant. And it becomes even more brilliant if you truly understand what happened right there at that moment. Just look at the scene where he takes the cup in front of those fancy GS letters on the wall. Epic Epic Epic!!

[@untilthewheelsfalloff1751]

This is so arrogantly accurate and even to this day no one will ever do anything about it.

[@demox4435]

Quick question : isn't the student loan crisis going to result in the exact same problem? Like I know we're going through one of the worst crashes in history right now and a recession will follow, but the whole student loan thing is about equally as potent as the housing market crash. The problem being that banks happily loan huge amounts of money to people that will probably never be able to pay it back since they know that they are just going to bundle them up and sell them for a huge profit. This continues onwards, and every time the bundle is sold its sold as A+++ cant fail - will definitely be payed back - bundle even though the loans where taken out by working class people way in over their head. In a few years, a lot of young people will default on thier loans, and once some start not paying no one will pay. I don't know how big exactly this bubble is but almost every student has a huge debt and no one has any plan how to pay it back. Pretty sure that no one learned from this situation

[@DavidAWA]

When the crisis really started taking hold, I walked downtown to Wall Street from my job in midtown to see the carnage of businesses closed. I went into a Bank of America, which keep in mind was on it's way from a stock price ot 52 to a price of 6. I thought it would be interesting to get a calendar from one of these banks that was likely to fail and record daily financial news that happened. I found someone who worked there, "Hey. Do you have any of those little calendars you give out to people who open up new accounts and stuff like that?" He responded defeated, "We used to."

[@sahedsalam2730]

Film is very interesting, showing that Goldman Sachs were clueless in regards to the housing market, whereas the documentary 'The inside job' narrated by Matt Damon shows heavy involvement in credit default swaps by Goldman Sachs.

[@Mxlqjdk]

I think what the big short wanted to show people is that while there definitely were some crooked fucked up things happening the bigger reason was stupidity and short term thinking.

[@jasonilkowitz6500]

After a certain amount of time they started leveraging themselves to save themselves. Lehman didn’t.

[@penasjable]

According to the book the banks didn't known. Once they realized what was going on they started buy swaps themselves. But kept pushing the bonds on their customers while they were betting against them.

[@bolshevikY2K]

this film ought to be required material in high school economics courses

[@123ucr]

It certainly should be required in college/undergraduate level finance and Economics classes as well as the film, "Margin Call". If you hear the term "Sub-prime", think of that term as bullshit. If you hear the term, "Insider Trading" think of that as being illegal/a felony. If you hear a Wall Street trader tells you "My loss is your gain," just like in the film "Margin Call", do not buy from that Wall Street trader. The Wall Street trader is trying to scam you. As someone who graduated with a Degree in Economics with a concentration in Mathematics at a UC school, and took a Financial Accounting and intro to Finance class, I probably learned as much Economics and Finance watching these two films than I did in my university career. I currently work at a Insurance and Financial Services company and I currently quote and sell Insurance and I am currently studying for my Securities and Investment licenses, Series 6 and Series 63 licenses. I can tell you that Economics, Finance, Accounting, Real Estate and Insurance can be complicated subjects but they are worth learning about.

[@peteroconnor8812]

On the surface these kind of movies appear to be about the inequities of our political system and the grotesque greed of the banking system. But we never focus on ordinary people - the real victims. Instead we cheer on and celebrate those individuals who, despite their condemnation of the system, are clever enough to see it coming and make huge and obscene profit from the misery of others. Ipso facto, the underlying ideology of this film in particular is, individual enterprise is always rewarded; the myth of the American Dream.

[@mydo00]

Taking the cups is an Illustration of the Fact that he's mugging them..MUG get it!

[@Dantheon]

The balls he had to go into a bank and tell them he is skeptical they will even have enough money to pay him once his prediction comes true!

[@MrSlavaoat]

"Everybody is wrong " - ha-ha-ha

[@MrCk1234567890]

Too funny how he giggles when the Goldmans start reading his report bc he knows it’s rock solid lol

[@Hellya38]

1:29 whispering "where we heading for lunch today? I was thinking about that too, the one we went yesterday was no good"

[@timothyacowin9761]

He can clearly hear them whispering

[@matthew-vw3pw]

I loved Dr. Michael Burry's actor and i loved the way they portrayed him honestly one of the best "side stories" of the movie or w/e itd be called.

[@Iram_T]

It’s Christian Bale bro one of the best actors on the planet. He acted as Batman in the Dark Knight Trilogy and as The American Psycho. In my top 3 actors for sure

[@heronblue3577]

He took cups as trophies for his office.

[@johnbillings4947]

Like Predator collecting skulls. :D

[@LegendaryMercDC]

Dude probably expected them all those banks to go belly up and close their doors forever like they should have done. He wasn't expecting the government to hand them billions in taxpayer money for the fallout of the bank's reckless greed

[@aliali-ce3yf]

i love this movie, i rewatch scenes regularly those are nice cups

[@igorpetrov841]

This is the essence if EVERY trade. Each party thinks they are right until shit blows up in one of their faces and they have to deliver.

[@yashwanthreddyg9730]

Which movie it is please?

[@lousimms4766]

You know, I always wanted to work in Wall Street. Watching things like this made me realize I'm not smart or curious enough (as far as finance goes) to be as good as Dr. Burry. Then again, I realize almost no one was as good as Dr. Burry yet they're all still rich.

[@foreversolvent5334]

Yep. You dont have to be as smart as him. I barely graduated high school and I'm doing pretty well on the financial part of life. All you need is drive, patience, a lot of patience, and a strong ability to handle pressure. A lot of pressure.

[@myasin1286]

Who would have thought before the financial crash that money making corporations could not fail and fall. This movie shows it did happen and it can happen all over again.

[@RazaPlaysGames]

So so good!!

[@libtardeliminated9502]

The Credit Default Swaps he brought in this scene weren't all sold to him by the banks. Most of the banks were acting as an in-between, allowing an outside investor to sell the CDS to Burry. He wasn't directly betting agaisnt the banks in all the cases, especially Goldman Sachs.

[@mohammadmohtasham5216]

" my one concern is ,,, if the bonds fail, i want to be certain of payment " HAHAHAHA

[@stevengray8663]

Christian Bale is a phenomenal actor

[@cobykenobi]

God i love this part of the story! nothing better then the someone scewing over scewer while they have no idea. LOL!

[@Gronk895]

Things nobody on Wall Street says “this is Wall Street”

[@trever2244]

You work there? If you do this has been a total failure on my part.

[@garrettgreen9667]

Everyone always is amazed at how he knew it was going to happen but there's not enough out there for the stones that this man had

[@sammyruncorn4165]

What stones do you mean :)?

[@slewone4905]

@@sammyruncorn4165 We were told one year ahead there would be a banking crisis. Northern Rock, in England had a run of money. caused by Mortgage failure. The news stated US will follow in a year. The bank believed their own BS and didn't prepare. They thought as you said, there can not be such a massive default in our country.

[@G7130]

2:45 Is exactly what happens when ego over takes suspicion and intellect. There are crazy people that bet against stuff all the time, but that should have been a red flag if someone was willing to pay that much. They should have immediately started looking deep into their books and the market numbers. They let greed run wild and the collapse was the fire to cleans the land.

[@AhsanWasim]

Last laugh is the one you never see coming

[@nomoreheroes1718]

LOL He's concered they wont pay him! I love this scene!

[@_Sam_-zh7sw]

Can a IB employee please tell if that would be the sales team dealing with Burry?

[@boringNW]

Everyone should read "A History of Central Banking and the Enslavement of Mankind"

[@Johnny-cz2wv]

Two things I'm not sure about. 1) why didn't he just claim he needed risk insurance vs the housing market, instead of being mysterious and claiming everyone is wrong? 2) why didn't the big banks get suspicious and actually look into the market and see what kind of angle Burry is playing?

[@Johnny-cz2wv]

Basically, if someone offers me a deal too good to be true, I want to know what that person knows that I don't

[@Currrby]

@@Johnny-cz2wv 1) it's not in the characters forthright nature to lie and 2) arrogance is blinding

[@williamallen9697]

I love this scene so much. One party thinks they're right, and the other party KNOWS they're right.

[@Kncperseus]

"It's never happened in history." The number of times I've heard this line repeated in this movie. It's as if their dependence of statistical data made analysts forget that "There's always a first time"

[@Mr4eversge]

I love it how the banks think they made easy money and grining and smiling, gloating that the money will come. At the end he calls them and they are really debasing themselves.

[@richardclarke376]

Bale is such a good actor. I actually know a guy in finance that is just like that - and just as wealthy

[@07puli]

This scene never gets old.

[@audionmusic3628]

The Genius is right. The World is wrong. It doesn’t matter how many people disagree with the Genius. One Genius is smarter than millions of other people combined.

[@cucuzza21]

I always wondered why the audio quality when he asks "could we make it $100 million?" was different the rest of the scene. This happened somewhere else in the movie as well, during the conversation when Baum exclaims "I say when we sell!"

[@arod0623]

Great Great acting by Christian bale

[@mr.barnes9342]

I want to eat a cheeseburger from Carl’s Jr.

[@Bas_Lightyear]

So crunchy!

[@Xistfour]

Never had one.

[@firstlast7719]

I loved when he took the GS coffee mug too!

[@TheNonplayer]

"I like these cups... ...for my son" ..I think it's a trophy (he already knew he would win and took it, after politely asking ofc.)

[@Kaybe23]

Most people who watch this cant understand which pressure he had ( Look @ 3:06 ) Think about it: How long was this trade going ? For 2 years? And you are waiting every day making calculations again and again. In real life they said, he had an stomach pain.

[@mrtoad1408]

Losing massive amounts of money all the time as well.

[@bratikvova]

Competence is undefeated!

[@killajakez]

You can do this trade yourself by buying put options on the XHB right now.