Finance Movie Review: Barbarians at the Gate

Рет қаралды 66,453

Күн бұрын

Пікірлер: 148

@ThePlainBagel Ай бұрын

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@ajbahlam 24 күн бұрын

Thanks for the great explanation! Please review more high-quality movies related to this topic. The release date is less relevant, as long as the quality is good, whether they are recent or from earlier years.

@technetium9653 Ай бұрын

Barbarians at the gates is such a cool name, it's funny that it's about a corporate buyout

@v-2010 Ай бұрын

Leveraged* Very important

@DemosthenesKar Ай бұрын

Its from a famous greek poem, its complex but its basically about a city giving up and waiting for the barbarians that never come

@apileofrocks5142 Ай бұрын

"Debt can be an asset.Debt tightens a company" "Does wonders for the sphincter too" made me chuckle

@bc-guy852 Ай бұрын

Loved the scene where Ross sends his jet to transport only his dog, "Mr. Shepherd", which was also apparently based on a real event.

@snick-e9j Ай бұрын

Computer Engineer here, didn't see this answered elsewhere in the comments but yes your explanation of the term "bootstrap" is pretty much on point given it's use elsewhere in software engineering and statistics to mean "start from nothing" or "start from very little". Examples include the bootstrap loader in your operating system: a tiny chunk of code that loads up the rest of your operating system (this is where the term "booting up" your computer comes from); and bootstrap sampling in statistics: a clever way to get better estimates from a smaller amount of data by basically using it to self-generate more (excuse my very inaccurate explanation).

@ThePlainBagel Ай бұрын

Interesting, thanks for the added insight!

@RandomUser2401 24 күн бұрын

booting or bootstrapping is common sense at this point. No clue why this would even deserve discussion at all.

@D64nz 6 күн бұрын

Fun Fact - It is impossible to pull yourself up by the bootstraps. They are on your feet. When you pull, you actually go lower, not higher. Further, it's a nonsense expression, and first came from a comic where a man wished to put himself back on his own horse with his moustache. Anyone who uses this expression clearly has no idea what they are talking about since they don't even understand the basics of the metaphor they are using, and such people can easily be written off as their opinions are clearly baseless and unfounded. In learned circles it's used as a way to easily separate the smart from the idiots, as anyone who took time and care in their opinions would never fall for such an obvious ruse. 😊

@guydreamr 4 күн бұрын

@@D64nz Welcome to the English language. Why do we drive on a parkway and park on a driveway?

@Evan-iq5xf Ай бұрын

Not sure if this is relevant but after the nabisco company was sold off to Mondelez (after the movie events), they shut down the mr Christie plant in Toronto, losing 550 manufacturing jobs, including my mothers. There was some ensuing legal Kerfuffle, and somehow between their union, Mondelez and whatever lawyers were involved, my mothers pension payout was cut significantly. Thanks private equity! Now we have a beautiful new parking lot next to the QEW west lakeshore off-ramp.

@ATMOSK1234 29 күн бұрын

Private equitys big things are cutting jobs, eliminating pension liabilities and finding tax loopholes. Though I don't blame them, it's the government's lax regulations that allow them to exist.

@somethinglikethat2176 28 күн бұрын

I don't understand "pension funds" as a concept. It seems so alien to let the company run the retirement savings of people and that the company can cut them, ect. And that people have one legal protection.

@Oceanatornowk Ай бұрын

The book is pretty fun in a bleak way. All these craven and narcissistic executives who don’t provide anything valuable to society yet still make immense sums of money

@Number69 Ай бұрын

Reading the book it becomes apparent quite early just how useless they are... essentially just embezzling funds for "hospitality" then somehow gaining promotion to do the same at a bigger company.

@hillfortherstudios2757 Ай бұрын

Sounds unrealistic. That woukd NEVER happen in real life! Executives are always worth their weight in gold!

@ij9375 Ай бұрын

@@hillfortherstudios2757always is a strong word 😅

@austinmillbarge8731 Ай бұрын

Sounds like Elon Musk

@austinmillbarge8731 Ай бұрын

Nice! James Garner was a legendary actor. To see him as the complete opposite of a multi millionaire, but frequently involved in their imbroglios, check out The Rockford Files. It's Garner at his best, and to see it today is like taking a neat trip through a mid-70s museum.

@thenutfyd Ай бұрын

I know it is childish, but Mr. Antonio "Big Onion" Cipollone name and spelling made my day before the weekend! 3:30 🤣 Greetings from Italy by the way!

@e.b.1279 28 күн бұрын

This is fantastic!! I may have watched this movie in passing when I was really young, but had NOOOOOO idea what was going on - just a bunch of familiar, good actors!! Ahhh, the days of syndication on cable - The (Nostalgic) Glory Days... Thanks So Much Richard!!

@jpanda79 Ай бұрын

I always find it wild that tobacco companies at one point owned food companies.

@shayneweyker Ай бұрын

I think RJR Tobacco bought or merged with Nabisco out of concern for bad PR of tobacco companies and fears about its (RJR's) long term profits and legal liability.

@UnprofessionalProfessor Ай бұрын

Tf you mean "at one point?"😂

@texasoilfields Ай бұрын

And if you grew up in 1990s New Mexico, you might remember when they put a cigarette section in the middle of the candy aisle!

@CJBroonie 22 күн бұрын

Phillip Morris (now Altria) owns Kraft.

@benderbendingrofriguez3300 Ай бұрын

Something you forgot to mention was that F. Ross Johnson was Canadian.

@dfrever216 Ай бұрын

Boostrap aquisition: "To pull yourself up by your boostraps or sort of making something out of nothing (or very little)" - The plain Bagel. Too late for the "dont quote me on that".

@somethinglikethat2176 28 күн бұрын

I think I heard somewhere that it was originally a sort of commentary on the ridiculously nature of this deals on a face value to a layperson kind of way. Similar to the original "pull yourself up" quote was.

@Afterglow.Studios Ай бұрын

Been a fan of this series since the start

@shikharraje Ай бұрын

08:33 "Like shit?!" "Shit is the consensus, sir". Okay, I get that maybe the subject matter of this documentary is serious, but that clip is unironically funny.

@AntonPNym Ай бұрын

I also love that the reason for the "shit" taste was well explained in the movie; when lighting one with a match, inhaling drew the sulphur off-gassed by the burning matchhead through it and into the mouth. Apparently they tasted fine if lit with a cigarette lighter, but a match would make the first puff too disgusting to get past.

@lynnefox4892 4 сағат бұрын

"Tastes like shit and smells like a fart: that's one g-ddamn unique marketing campaign."

@D64nz 6 күн бұрын

Fun Fact - It is impossible to pull yourself up by the bootstraps. They are on your feet. When you pull, you actually go lower, not higher.

@CapitalisticEmu Ай бұрын

Nice review. I was hoping this movie would get the bagel treatment. This movie (or parts of it) were required viewing for a corporate strategy class. While the public focus and the movie's focus lay on the buyout and on Ross Johnson, i would've loved to hear the John Greeniaus view of the whole thing. Being repulsed by excessive spending is one thing but agreeing to a LBO is quite another - so how he arrived at what was best for him and Nabisco would be a fun read / watch .

@andrewroby1130 Ай бұрын

I LOVE this movie, thanks for reminding me of it! My dad had us watch it when I was probably 13 or so, and the "s*** storm without an umbrella" line brought the house down 😂

@robimgabriel8063 Ай бұрын

You always come out with the best thumbnails ahah

@hazeldavis3176 Ай бұрын

Always a pleasure when you post! I don't have anything clever to add, just happy.

@mydanadesigns Ай бұрын

This was a great analysis of the movie Barbarians at the Gate, and a GREAT segway for this channel. I enjoy your craft, PLEASE continue these deep analysis of business movies, excellent job.

@jb_makesgames2264 26 күн бұрын

Interesting review - reminded me when I was back at Scotia Bank when Campeau's leveraged finance world blew up along with the bank.. Awe those were the days when the traders went to the "Ballet" for Lunch.

@quiteclarified Ай бұрын

it's a classic! was recommended in my business finance class in law school

@112steinway Ай бұрын

So fun history fact about the brief moment where the video talks about Spanish coins being split into 8 pieces, it's where we get the term "pieces of eight" that we associate with pirates. It was an early form of currency exchange in a world without fast traveling news and comparitively rudimentary bookkeeping. Incidentally, a look at the economics of colonial America could be interesting to talk about, as long as you're comfortable talking about slavery.

@admintuning Ай бұрын

My favorite finance KZbinr 🐐

@davidcobb464 Ай бұрын

Loved that movie. James Garner was a great actor.

@austinmillbarge8731 Ай бұрын

RIP James Garner

@ivanpb1983 Ай бұрын

The Nabisco Movie! I've seen it more than once here on KZbin.

@ThinkTwice2222 27 күн бұрын

Mad this isn't getting more views, PB might not make more of em... I'm not gonna watch this movie but it's super interesting

@GDPanda69 Ай бұрын

Man, I haven't watched this since I was in high school. Gotta give it another look now that I too am a real businessman!

@JpnRokPop-ConspiracyOccult 23 күн бұрын

Watched it, it's awesome. Especially the part that Kravis had no clue about the company's assets until John Greeniaus showed him. That's how he could come up with the bid. The deal didn't make any sense until I learned from a documentary that most of the key figures involved made a lot of $ in the process, they called it service fees. Is hedge fund the latest evolution of Leverage Buy Outs?

@PimpinBassie2 13 күн бұрын

That line about the new cigarettes smelling like a fart and tasting like sh-t always cracks me up 🤣

@YaboiOGOC Ай бұрын

Loved the book. Really ominous with all the venture capital money in start ups over the last decade

@birdec765 Ай бұрын

I'm old enough to remember😢PBS used to have the Nightly Business Report and there were a couple of Wallstreet things on Fridays. I remember the whole cigarette flavor marketing thing, my friends that smoked started talking about their preferred nags, cigarettes (nicotine) nags you to have another smoke. It was an attempt to distract from the nicotine addiction. I thought it was clever at the time.

@last9up Ай бұрын

I used to watch it with my dad. Pretending to be a grown up and trying to understand.

@BlackMan614 Ай бұрын

Never like the movie, despite being a James Garner fan. As a supposed hit piece on corporate greed, it fell WAY short. I felt at the end the audience was forced to sympathize with James Garner's characters. Which was utterly ridiculous.

@altaccout Ай бұрын

I love a good movie review. Over explaining makes it feel like I'm watching it again

@omnijack Ай бұрын

Did you already cover (the movie) “Margin Call”?

@last9up Ай бұрын

Yes he has :)

@dankestranch8738 4 күн бұрын

Hope you make more finance movie reviews, this is great

@matthiassventoest6800 Ай бұрын

I’m in.., gonna watch this movie too

@francescoalberga3819 20 күн бұрын

Is everyone else not seeing Richard’s videos being recommend or on their feed? I have to always look up the account to see new videos

@danderson6455 Ай бұрын

This was a really good movie. Thank you for doing a review of it.

@fyang1429 Ай бұрын

I never thought the Vanke CEO was making a reference during that hostile takeover drama

@normansimonsen1203 Ай бұрын

It was a great movie. To busy raising children and building a career at that time. I didn't notice that I had a thing for investments. Today I own some KKR products. I remembered that movie, when I was assembling my retirement.

@Robert_Marks Ай бұрын

I once met Mr.Kravis in the john at the Waldorf Astoria.

@lakeguy65616 7 күн бұрын

Its worth noting that takeovers/leverage buyouts became a thing because stocks (at the time) were trading for very low price / earnings multiples. RJR Nabisco traded at around 10 times earnings before the takeover (take private) bid began. The average PE of the SP500 today is 26+.

@davidcobb464 Ай бұрын

The last time I worked in investment banking, stocks and bonds were in fractions. Now I feel old.

@colinuk1984 Ай бұрын

Could do a review of rogue trader from the 90s. Its a good one 👍

@chukuemekaoje1015 Ай бұрын

Jordan Belfort? He's already covered The Wolf of Wall Street.

@colinuk1984 Ай бұрын

@chukuemekaoje1015 No, this was a british trader. Evan mcgregor stars

@sunnohh Ай бұрын

Fantastic movie, even better book

@alanmiller5018 28 күн бұрын

If you ever have extra time to review a finance movie, I’d love to see you review ‘Too Big To Fail’.

@theautisticside Ай бұрын

I'll come back to this video after watching the film. Hold caller.

@Whateversbro Ай бұрын

Dang great book and didn’t know there was a movie

@numericalcode 25 күн бұрын

I’ve read the book and have not seen the movie. Motivated now to fix that.

@IndianaBrad Ай бұрын

Not only have I watched the film several times but have read the book as well. Currennlty I happen to be reading a book about Drexel Bruman called Predator's ball

@joycelynnelobert8779 Ай бұрын

I thought Barbarians at the Gate was a reference to a classic novel called Waiting for the Barbarians. It is chock full of references to an existential dread created by the existence of a powerful group of people about which much is assumed but little is known. That’s the TLDR.

@seangrasso8462 Ай бұрын

If only this had come out last spring when I had to write my final paper on this movie (didn’t watch it)

@blankmedia01 Ай бұрын

Ive never seen this movie i loved the book

@jaymccormack6875 Ай бұрын

This was a great movie and hard to find. I think this, margin call, and boiler room are all underrated or not talked about enough.

@jaygupta2875 Ай бұрын

This is a dumb question, but does a "buyout" necessarily only refer to taking a public company private? If a public company buys up all the shares of a public company, would that just be called an "acquisition"?

@TheHause16 Ай бұрын

Make a review of Pursuit of Happyness Movie. Its brilliant

@tonyolynyk2145 20 күн бұрын

Hi Richard, Can you please review the new ETF by Global X called MART, that tracks the groceries and staples? Thanks

@thesecretthirdthing 4 күн бұрын

Tbh ive learned more from these movies than id like to admit 😭 not that I take them as gospel but it is nice to at least have an image from a time i didnt live through

@ewileycoy 29 күн бұрын

Wow I’m old enough to remember switching from fractional to decimal stock quotes

@just4fun607 Ай бұрын

the thumbnail really killed

@dukelornek Ай бұрын

felt like this could have used more analysis, maybe more comparison or or contrasting with other major financial events.

@zackoleson6766 28 күн бұрын

Hey Bagel I was wondering if you'd make a video about Trumps tariff plans and its effect on the US economy and stock market. Thank you!

@austinmillbarge8731 28 күн бұрын

Also noticed in the last scene, Ross is at the house in Palm Beach without the girl or the dog. Interpret tha how you will.

@DrogoBaggins987 Ай бұрын

Is it strange that I have listened to the audio book but haven't seen the movie?

@Murray-wr5no Ай бұрын

Oreo cookies is a copy of similar cookie, Hydrox.

@thebes118 10 күн бұрын

I watch all these kinds of financial movies. Last couple I watched was the Big Short and Wolf of Wall Street.

@sobtrdeszl7806 Ай бұрын

man I love you

@justinsullivan5063 28 күн бұрын

Good episode. (enjoyable movie, in my opinion)

@hello-4229 Ай бұрын

Cmon book is famous

@ecoideazventures6417 29 күн бұрын

@8:22 - Company launches a new product = Tastes like shit was the consumer consensus! Hope our new age companies learn a lesson about new product launches :)

@forrestsory1893 Ай бұрын

Good job.

@HarvestStore Ай бұрын

Great video.

@windowdoog Ай бұрын

This buyout paid for my college education. Thanks grandpa!

@StormyCalm 8 күн бұрын

Did the first 80s working montage have a saxophone, and the second 80s working montage have a synth? That is very 80s.

@fortgrove3166 7 сағат бұрын

Wow James Garner and the actor from Billions.

@c0t0d0s7 Ай бұрын

My favorite line from the film: “Tastes like shit and smells like a fart.” 😂

@skinnex3236 Ай бұрын

Do the funny Dicaprio one too

@hankhillsnrrwurethra 12 күн бұрын

Taped this on VHS from HBO, loved it. The 'sh*t' scene follows on with Ross giving the line, "Tastes like shit and smells like a fart! There's a billboard campaign for ya!"

@Dseated Ай бұрын

Second favorite series. Second to shade throwing at other finfluencers

@hazeldavis3176 Ай бұрын

Premier wasn't *that* bad. You lit the end puck and it smoked like a hookah. It definitely didn't taste like a burning cigarette, so could see how people were caught off guard. It wasn't unpleasant though. Smoke free for 13 years. Don't ever start, it's awful.

@ColostomyMan Ай бұрын

I feel like I'm definitely the target audience for this as I'm old enough to have seen the movie when it came out and also old enough to remember cigarettes being big business.

@jordankendall86 Ай бұрын

I think what is amazing is that Wikipedia has very little written about Ross Johnson.

@henghistbluetooth7882 Ай бұрын

Fun fact: the fact that Spanish coins were used is what led to other terms like ‘two bits’, and ‘quarters’. The Spanish peso de ocho - piece of eight - could be cut into 8 pieces like a pizza. Two pieces - or two eighths - equalled one quarter of the coin :).

@digitalvote Ай бұрын

I'm getting the impression you didn't read the book. I know it's a film review but it's one of the best "financial" books ever written and possibly the most epic corporate story of our generation. They were wild times. The film is badly cast. Garner is ok but Price is awful, as are the rest. Anyway thanks for reminding me of those days 👍

@timlewis5997 Ай бұрын

I like these

@timlewis5997 Ай бұрын

I think the movie is still free on Youtude

@EpicMicky300 15 күн бұрын

Hah, I'm so much better than the average viewer, because I DID watch this film 2 years ago, hmm yes. Didn't understand much of it, but that's beside the point. Validate me.