Investment Analyst Explains: Boiler Room

[@ThePlainBagel]

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[@Thesunscreen]

That's a Ferrari 355 spider

[@Hawlkeye-e9p]

Neighbor lady is a ultra tiny, came over to see if she could borrow sugar. Just got done training and a shower, came out in a towel. 5 mins later she was getting stuffed on the couch. Lmfao.

[@xelefonte]

Boiler Room was the best movie at steering me away from investing in individual stocks or penny stocks watching it as a teen. Seeing the man lose $50K when he had a family and it was supposed to go to his mortgage was heart wrenching.

[@Hawlkeye-e9p]

Lmao noob statement. Buy the top, sell the bottom lol

[@ugoeze7360]

Are you lamb or are you a wolf 😂🙃

[@rohankishibe8259]

Beta move my child, sell your house and yolo all your life saving into a moonshot, goal is always to buy high and sell low, that's the way, the only way, see you on r/WSB my fellow regarded comrade.

[@RideAcrossTheRiver]

Bot thread

[@SKMCTV]

Fun fact: the writer of Boiler Room worked at a boiler room ran by a former Stratton Oakmont broker. It all comes full circle.

[@ByzantineCapitalManagement]

Greatest Crossover

[@EatMyShortsAU]

That makes sense, I worked in a boiler room once as well and I felt this movie was a documentary lol

[@Nohandleentered]

Did he then go on to invent Bitcoin, lol. That would the fullest full circle

[@sb_dunk]

*run

[@EatMyShortsAU]

@@sb_dunk I did that job for a few months, than I did run. When you work places like this if you look closely you can see the holes in the facade.

[@iPondR]

I started getting these kind of calls a long time ago... at one point I said "have you seen Boiler Room?" and just like that, I never heard from them again! Mission accomplished...

[@LuisLopez2]

I absolutely love this movie. I have seen it so many times. And the choice of soundtrack music just gave the whole thing a flavor than neither Wall Stret nor The Wolf of Wall Street had.

[@citinox1778]

Richard, you are the only bagel I love more than the one I'm currently eating.

[@mrakashp]

was super confused, and thought you were talking about Boiler Room music!

[@doomtomb3]

Boiler Room was a great movie. I appreciate the plot wasn’t too complicated for average viewers

[@expensivefreedom]

I’d love to see your coverage of Rogue Trader. It’s one of my favorite stock market movies of all time, but it’s also quite old so I understand if the audience isn’t there for it.

[@hmwh]

Took a big risk today. Clicked like before watching the video. Living on the edge

[@socialperson9983]

The second largest freight broker in America that I worked for during Covid. Before they fired I and 700 other people would openly compare themselves to this movie. I watched it a few months ago and I should have watched it then to see the red flags.

[@Financial-Education101]

Hats off to you for breaking down the movie Boiler Room in such an engaging way! 🧐 It's awesome how you dove into the plot, highlighted the parallels with other films, and emphasized the importance of humanizing the scam victims. The finance concepts were explained in a clear and relatable manner, making it easy for viewers to follow along. Your insights shed light on the unethical practices in the brokerage industry, and it's great to see someone addressing these issues. Keep up the fantastic work, and looking forward to more intriguing content from you!

[@ant_989]

There's an alternative ending to this movie where at the end Harry shows up at JT Marlin building carrying a gun in his backpack. Before the Police arrives he collide with Seth by accident, who is leaving the building. Seth helps him pick up his stuff not knowing who the Harry was. Harry proceeds to the building killing everyone and police arrives too late. I suggest you look it up on youtube. It gives interesting perspective about the ending.

[@Mr_P]

Good video, but Greg drives up to Seth's house in a _Ferrari_ (not a Lamborghini) and they have the movie-night at _Jim's_ house (character played by Ben Affleck), not Greg's. Yes, I am a fan of this movie 🙂

[@StinkPickle4000]

its a running gag that he doesn't know the difference between a lambo and a ferrari, its like a Flex on all those financial advisors that do. Plain bagel to busy managing money than picking out cars lol

[@Davidsworldtravels]

@@StinkPickle4000mentioning it’s a Ferrari is literally part of the dialogue between Seth and Greg a couple times. Also, to anyone who knows anything about cars they are vastly different looking.

[@tbeller80]

@@Davidsworldtravels it's also a minor point in the movie that all the senior traders at the firm drive the exact same car and that Jim has a giant house that he barely lives in. If you freeze it when Seth walks into Jim's house you see three Ferraris parked out front.

[@hedgehog3180]

@@Davidsworldtravels Those kinds of responses is exactly why it's funny to pretend that you can't tell the difference. It's completely inconsequential what brand a car happens to be yet for some reason people care a lot about it.

[@fakename9303]

Alternativ derivation of the Piker term: English infantry men (using pikes) were known to not usually go all out with daily deaths between pikers in the english civil war being in the single digits. Only when officers or mounted troops joined the fight it would become a decisive battle.

[@wojciechgrodnicki6302]

Waving sticks at one another, trying to stay out of striking distance. Nice.

[@arthurlasido258]

It wasnt exclusive to English Civil Wars or early modern era. Medieval battles (that also was dominated by polearms) ussualy 'only' had 10-20 percent casualties on both sides of the engagement. The (in)famous use of greatswords were invented during the late middle ages with breaking up spear/pike formations in order to inflict more casualties in shorter amount of time. Thus achieving decisive victory in an otherwise prolionged war. The Landskneckht under Emperor Maximilian were amongst the fiercest of these men.

[@hedgehog3180]

Before the invention of firearms most battles were like this because it's very hard to motivate someone to run towards a bunch of sharp and pointy objects. So infantry generally preferred to stay at a distance and throw stuff at eachother and exchange insults. It usually took something to motivate them actually close in to fight and those fights rarely had high casuality rates since soldiers usually fled long before casualties could mount. It's only if one side was prevented from fleeing that casualities could mount.

[@stephenlauret132]

I always liked Boiler Room!!!!! I think it is an underrated movie! Cool review/ explanation! :D

[@user-cg6fd4in1d]

It's better than The Wolf of Wall Street.

[@nathanbenich9204]

Another great video on some of my favorite movies. It's my understanding that "Boiler Room" and "Wolf of Wall Street" overlap and were based on "Stratton Oakmont" and "Jordon Belfort." Cheers from Silicon Valley, CA!:)

[@Mr.Septon]

This is and has been one of my absolute favourite movies, ranking it just behind Rounders (which made me want to get into gambling, I thankfully did nor). I wanted to become a stock broker after watching this movie when I grew up, but thankfully never went that direction because it would have been concerning lol. But I'll forever really enjoy this movie. I don't know if anyone else knows the movie Bookies or Poolhall Junkies, but those are also two other great ones that are definitely different movies but also incredibly similar.

[@Droidman1231]

"If this movie inspired you to become a broker ... I hope it didn't." 😂

[@001sander2]

How about a collection of reviews or just a rundown on finance documentaries? Netflix has some very good ones like The Monster of Wall Street, Savings Capitalism, Crypto King, Dirty Money, Gamestop Saga etc

[@Pembquist1]

I have always understood the phrase Boiler Room to reference the practice of using the reputation of a prestigious address to facilitate deception as in: "Perkins Elmont and Hastings maintains the central office at 40 Wall" suggesting mahogany lined corner offices with territorial views while in fact operating out of a janitors closet with a phone line in the sub-basement. A more florid version of a mail drop.

[@Vortigan07]

I've never been in finance at any level but what surprised me in watching this movie was the number of parallels I was able to draw between the operation portrayed and the *actual* practice of selling Kirby cleaners, something that I *did* become involved in for about 6 months back when I was 21. Only 6 months, but I learned a lot of "what not to dos" in life that I like to think has stood me well in the years since.

[@romewasnotbuiltinaday]

OMG I've never seen anything so outrageous as Kirby. They called me everyday for over a year and wouldn't stop until I flipped out on them.

[@Vortigan07]

@@romewasnotbuiltinaday Yeah one of the things they tried drumming into us every single day was "If a customer says no, it's because they don't "know" enough". I got as far as the second stage of "training" which entailed going with an experienced seller into potential customers homes who had agreed to have a "free carpet clean". We went to the home of a young couple, very early 20's. With no exaggeration, we didn't leave that house until almost 2am!! You had to witness it to believe it! Absolutely excruciating! I have no memories of any involvement after that so I suspect that might have been the last they saw of me. The irony is that the machine itself is a remarkable piece of kit, I wonder if they've modified their tactics in the years since then.

[@sifridbassoon]

I think there is a legend from the '29 crash that a shoeshine boy named Colombo (I think) worked out front of the NY Stock Exchange. Over time he had gotten to know many of the important traders. When the crash started, he asked one of his regular customers what he should do. The advice the man gave was "don't start immediately selling just because other people are. That's for pikers." That was the first time I heard "pikers" used.

[@Simon-jj2pu]

A relative worked in a boiler room in Cyprus, then when they joined the EU moved to Dubai. They managed to get a decent call list from the Maersk shipping web site, where managers in expat locations had their phone numbers printed, anybody with a north Western European surname was then called, big success rate as well

[@peterbett3076]

Richard I’d have imagined you’d correctly identify a Ferrari F355 since you drive a Mazdaerati

[@geromimo6012]

can you make a movie analyst about the big short

[@midimusicforever]

I haven't watched Boiler Room yet and I might want to, so I'll save this one for later.

[@timzimmer9632]

Fun movie and easy to understand and stay engaged with for those not into finance. One minor point: While it makes for a sympathetic ending and feels good, I would guess that Harry would not actually get his money back. Any gains from that last second trade would likely get clawed back by whatever bankruptcy judge takes over the unwinding of the firm after the FBI/SEC raid. All recoverable money (including any early "winners") would get pooled in a common account and distributed somewhat equally to all participants (victims). Harry would likely see a few cents on the dollar if lucky.

[@dheeraj_one]

Do a review of "Trading Places".

[@lowwastehighmelanin]

It's a comedy but: Trading Places? I don't see too many people talk about the investing and stock parts of that as well as the whole scam thing in the film.

[@AdmiralLink]

I wanted to know about Trading Places with Dan Aykroyd and Eddie Murphy. On other note, any books you recommend for me to read? Someone told me to read Morgan housel’s “psychology of money” and "broke millennial." Already read Barber series.

[@neuvocastezero1838]

This film was "Fast and Furious" meets "Wall Street". Do you have any insigt as to why Ben Affleck's character told everyone at the table who had already earned their Series 7 to leave?

[@tbeller80]

I think its because they want brokers that they've molded rather than anyone who might show up with pre-built ethics.

[@nathanadler1452]

People who'd already passed the exam with a more scrupulous firm might spot how illegal what they were doing was.

[@ericp1139]

Boiler Room is what a movie about brokers should be like. Wall Street and Wolf of Wall St glamorize white collar criminality.

[@wealthhacker]

Funny this was the very first DVD I ever bought and it was the first year of my career as a financial advisor. Luckily, it wasn't J.T. Marlin! 😂

[@richardmakura]

I still have my DVD 😄

[@jab2393]

can you do an updated big short movie review?

[@frostonium]

These thumbnails getting fancy. I like them

[@jasontaylor8283]

There's an alternate end to this movie on the DVD version. Harry shows up to the JT Marlins office with a gun and actually comes face to face with Seth in the parking lot although he doesnt know its him. The movie ends with Harry walking into the building as the FBI shows up

[@FPoP1911]

YES YES YES! I'VE BEEN WAITING FOR THIS.

[@gamayer1]

3:15 - rich friend drives a Ferrari F355 Slider, not a Lamborghini.

[@StinkPickle4000]

Its a running gag. Plain bagels subtle flex that he doesn't know luxury car brands, too busy managing money than picking out cars lol

[@hashbrown9245]

Can you do trading places next?

[@foxmulderfbiufo1770]

Fun fact i was paid to watch boiler room and wall Street for a very popular trusted electronics company when i first worked for them because they wanted us to be " serious sellers" 😅🎉 boy what a fun time it was

[@kingkai8699]

You should make discussion about prop firms.

[@dolevmazker736]

Thank you richard

[@kinolokki5953]

do a video on succession

[@michaellawry2877]

Wolf of Wall Street and Boiler Room are based on the same series of events. Boiler Room is told from the narrative of a broker that worked at Stratton Oakmont. Ben Affleck and Jonah Hill played the same character. Tom Everett Scott and Leonardo Dicaprio played Jordan Belfort. The names were changed so that writer wouldn't get sued.

[@RaderizDorret]

You should do Trading Places next.

[@drjenschn]

That ain't no Lambo. That screams Ferrari to me @ 3:14. Car enthusiasts?

[@ashramjathan4258]

Second favourite movie, Danny DeVito's Other People's Money is my favourite

[@Islam.verse3000]

Please create a playlist for similar videos

[@AlexM-kj4yr]

Please review "Margin Call"

[@MyNewPassion]

Any chance of a review of Black Monday & Mr Robot series?

[@bimsherwood7006]

I've heard the expression "pyking out", which means to quit when things get hard.

[@brynmichael8029]

That’s a Ferrari not a Lamborghini.

[@maxsterling9908]

When FBI guy says to Seth to back up his C drive onto his floppy. What he should have said was to backup his client list or company's client list on his floppy. That sentence still annoys me.

[@samsonsoturian6013]

It's always a good sign when the broker doesn't know the meaning of the word "piker."

[@onlybrandan]

Great review! Would love to see reviews of “The Wizard of Lies” or “Too Big To Fail” in the future!

[@aaroncobb9930]

12:12 Wait... so the investor (Harry?) that the main character helps recoup his initial investment got his money back via material nonpublic info? Or did I misunderstand?

[@proterotype]

I love this series dude. Keep er up

[@ShannonWare]

YES! Vin Diesel inspired me to become a predatory broker. Nuff said.

[@ShannonWare]

Seriously though, my 15 year old kid has gotten tremendous value out of 'The Big Short', watching it again and again, and giving me lots of opportunity to comment on what was going on. I think, although a bit nerdy, these movies about finance are compelling because they are really stories about people, their ways of thinking, their emotions. At the end of the day, isn't that what money really is?

[@StinkPickle4000]

@@ShannonWare What broker u work for? Also; I AGREE 100% with you!! I will tell you stories about people their thinking and emotions for your cash, you right its the same thing!! DM me lets make this happen!!

[@Haeraneable]

thats a F355 Ferrari not a Lambo

[@marktaylor6491]

4:42 - So nothing to do with the term 'Pikey' which refers to tramps and vagrants from 18th Century England. Those who wandered up and down the 'turnpike' roads of that era. Also, would later become a derogatory term for Gypsies. See the 2000 film 'Snatch' for further details.

[@Rufus6540]

I always liked the last line Seth gives - I gotta find a job.

[@rhythmandacoustics]

next do wall street : money never sleeps

[@allenedwards2940]

I worked for the companies that inspired this movie. So much is true. So funny too!

[@WatchWiseUS]

The original ending was Harry killing Seth in the office. They changed it because it was considered too dark.

[@JohnS-il1dr]

It was Harry killing everybody off in the office. He accidently bumps into. Seth and Seth helps Harry by picking up his backpack before he leaves. Theres a yt clip somewhere.

[@joeissac3934]

I loved this film

[@libertariancapitalist]

I love this movie

[@areichental]

"Because I'm Jewish with the mind of a champion" is one of my all time favorite lines from this movie.

[@rlg222]

Love the movie The Boiler Room...

[@and_metatheory]

I don't understand why they set up everything next door, in case they have to jump ship... wouldn't the police pretty easily be able to find them since it's right next door...? Would it normally be farther away, but for plot convenience it's just next door, or is that real that simply a different building protects them legally, and/or the cops won't find them there....? That would be really funny if the cops yelled recko! So they came running towards them, then oh sorry I meant youre under arrest

[@advaitinvestmentventuressh6198]

Please explain Rough Trader in detail Please 🙏 😢

[@StinkPickle4000]

I would trust you with all my money!! I wish all "financial advisors" didn't know the difference between a ferrari and a lambo!

[@Thvndar]

Both boiler room and the wolf of wall street were based on Jordan Belfort's operation

[@183Rth]

I always thought that "chop shop" originally refers to butchery - where carcass of an animal is chopped into pieces and sold with profit...

[@libertariancapitalist]

3:15 That’s a Ferrari

[@johnbacon4997]

3:14 Ferrari 355 Spider btw

[@UberdudeRls21]

nice love the movie reviews

[@hinkhall5291]

_Coffee is for closers only._

[@rtothec1234]

Even though things end up badly for all of the brokers in this story I remember this movie being aspirational for me and my buddies in high school. Same way they aspired to be like Gordon Gecko. 😂 We thought these guys were cool. I dunno I guess the rap soundtrack kinda hooked us in. Shows how stupid and impressionable we were even though there’s a lesson being thrown right in our faces.

[@djpuplex]

I'm pretty sure Jordan Belfort's partner Danny Paresh? (Jonah Hills character) inspired/consulted on Boiler Room.

[@someoneinmyhead]

That yellow car looks Ferrarish to me, otherwise great vid man! :)

[@eedwardgrey2]

I expect al the movies Plain Bagel reviewed to be rebooted, remade or homaged with cryptobros in the not-too distant future

[@mason8920]

Good video

[@gordonmills2748]

The crazy thing is that in the wake of the 2008 crash and subsequent events, the guys in the "boiler room" were...wait for it...pikers. I mean, 2008 made Enron look like honest brokers.

[@izquierdaderecha7661]

Another good one this time about shorts would be James Bond Casino Royale.

[@jcortes06]

I love my Blinkist subscription! Thank you so much for teaching me about it!

[@TonyRealTalk07]

So, basically Boiler Room evolve to Tik Tok and KZbin stocks pickers and alt coins sellers?

[@paddaydaddy]

Never heard of this movie but it’s easy to see how it influenced later trading films. Great breakdown!

[@porkch0mp538]

this has been going on since the dawn of man

[@TheSushiandme]

best movie

[@connorrobertson2783]

Not the same thing as this movie, but anyway I take my Series 6 exam Saturday!

[@wesleyhahn2390]

The car is a Ferrari 355, not a lambo.

[@succeedtogether7369]

Hello sir, can you please review the game called: "The Invisible Hand The Family Office"? Thank you!

[@dodgers4121]

I can't believe ppl buy stock from a stranger over the phone....

[@rajkrishan3092]

Do Money Never Sleeps

[@michaelcohen1575]

OTHER PEOPLE'S MONEY would be a movie to dissect

[@etom2511]

Lamborghini? Come on man! 🤦‍♂️

[@JohnS-il1dr]

Its a running gag of his. He intentionally gets the car designation wrong to highlight that hes too busy managing money to understand the diff between the two supercars.

[@JulianThursday13]

that's a Ferrari, not a Lamborghini

[@AlexDan99]

3:14 Ferrari F355 Spyder Giallo Modena

[@CGhee135]

I'm really stupid, I still don't totally understand what's going on. That's why I'm a civil servant.

[@alejandrogiha7583]

DRIVES A LAMBORGHINI?!! A LAMBORGHINI??!!