There have been a number of movies made about excesses on Wall Street, but none is better than The Big Short, which is currently screening in Australian cinemas.
For those who haven’t seen The Big Short I will try not to reveal too much, but by way of background, the movie is set in the lead up to the global financial crisis.
A number of fund managers had realised that the crisis was coming, thanks to lax lending standards in the overheated US housing market, and the movie tells the story of how they tried to profit from that understanding.
Even though The Big Short is about big bets against big banks by people with access to huge amounts of mone…
Read the full article at: http://www.abc.net.au/news/2016-02-12/the-big-short-provides-lessons-for-small-scale-investors/7164386