4.9 • 8.6K Ratings
🗓️ 6 September 2022
⏱️ 52 minutes
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0:00.0 | The stock market. |
0:02.7 | This is where you can go by part of a company and hope the value of that company goes up, |
0:08.1 | so your part is worth more. |
0:10.0 | But it's a big risk. |
0:11.3 | Predicting the future is hard, even the most educated and well researched people who spend |
0:15.5 | their whole life focusing on finance, get it wrong a large part of the time. |
0:20.5 | Some think they have it all figured out though, like Gordon Gecko in the 1987 film Wall Street. |
0:27.0 | Here's a clip from the film. |
0:28.5 | I think it's out there throwing darts at a board sport. |
0:31.3 | I don't throw darts at a board. |
0:33.5 | I bet on sure things. |
0:35.8 | Weed sunsuit, the art of war. |
0:38.2 | Every battle is won before it's ever fought. |
0:42.0 | Think about it. |
0:44.2 | You know, as far as I thought you were, buddy boy, you're going to wife fun managers, |
0:48.2 | can't beat the S and P 500? |
0:51.1 | Because they're sheep. |
0:53.0 | And sheep get slaughtered. |
0:54.8 | So what was Gordon Gecko's secrets so that his stock bets were a sure thing? |
1:01.2 | Well he was investing using insider information, information that wasn't yet available to |
1:07.2 | the public. |
1:08.4 | Knowing what a company is about to do or announce gave him a big edge that made him a lot of |
... |
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