The traders’ word: still far to little is known and rich in stereotypes
The Wall Street is a myth movie that surely represents a world unknown to the most: the world of financial market. The movie was shot between 1985 and 1986, but debuted in cinemas a few days before the fall of the New York Stock Exchange in the 87th: this concomitance of events has greatly increased its success.
If you add to this to the fact that many accused the movie of creating the bases that triggered the crisis, you can easily imagine the reason why it became legend!
If you ask any trader if he knows about the 1987 version of the Wall Street movie shot by Oliver Stone, well, he will tell you that not only he saw it, but he will probably be able to recite at least half the dialogs in it.
Let’s talk about Wall Street’s plot: the film is set up in the mid-1980s in New York City, in the years in which the stock market flourished. The protagonist is a young man named Bud Fox (played by Charlie Sheen) who, after graduating from business school, decides to do what all the rampant youths of the time wanted to do: get rich quickly!
Then he goes to work for a company that shares phone actions. However, he knows that phoning people by taking the numbers from a random list (like today’s phone subscribers) will not take him far, so he decides to catch the so-called “elephant”, that is, the big capitalist.
His attentions lie on the financier Gordon Gekko (masterfully interpreted by Michael Douglas who, thanks to this interpretation, even won an Oscar!) which became famous as a result of his proficency in what he did, whom everyone wanted to equal, the man who had the cynicism to sell of selling the NASA’s bonds a mere 20 seconds after the Challenger’s disaster.
Buddy gets in touch with Gekko and proposes a deal that was actually a case of insider trading. The deal goes in, and the big capitalist realizes that his new counterpart is not the kind of man that refuses easy money and begins to propose him illegal business, getting every time bigger and risky.
Then Bud offers Gekko the opportunity to invest in improving the airline where his father worked, but, right after agreeing to the terms, Gekko decides to dismantle it and fire everyone because he would earn more money by doing so.
In the end Bud, realizing that it was nothing but a mockery, decided to take revenge with the help of a bitter enemy of his former mentor. The film ends with the police discovering the illicit activities of Bud and Gekko, arresting both of them.
The plot itself flows fairly linearly, there are no special shots. However, Wall Street is definitely a movie to be seen for those who have interest in the financial market. Gordon Gekko’s character recites some of the finest and most talked-about phrases in the whole movie story, painting perfectly what was the spirit of the Reagan America.
It is not surprising that in many other films his jokes have been cited as an example or even true “dogmas.” The Forbes magazine (a magazine dedicated to the business world) has even devoted a cover to Gordon Gekko (that never happened to an invented person).
There are a lot of independent Traders, as Max (you can find his advices on english version of moneyonlinethai.com), who advise viewing this movie as it teaches different market techniques and inspires investment and gambling.
“Money never sleeps, pal. Just made 800,000 in Hong Kong gold. It’s been wired to you. Play with it. You’ve done good, but you gotta keep doing good. I’ve shown you how the game works.”