
Wall Street: Chris Swain Recommends with 5 Stars
Review created: 07/10/07(updated 07/11/07)

Wall Street, in my opinion, is the best movie ever created that describes a stock broker's dilemma. Why? I was in the industry for a number of years and have personal experience not only as a stock broker, but also as a firm's General Principal (okay, big title for owner / manager of a firm).
Charlie Sheen perfectly depicts character Bud Fox's naive beliefs that you study stock charts and develop a understanding of a stock's fundamentals to educate and help a client. Whoops, just like in any fairy tale Bud is living a dream. In the real world he is nothing more than a salesman.
In the case of Wall Street father does know best. Bud's pop Carl, played by Martin Sheen, confronts him on the fact that Bud is in fact a salesman. Bud's denial of this fact is not only the beginning of his downfall, but it happens countless times everyday. By definition, stock brokers under the SEC and NASD are not permitted to give "advice" or "receive a fee" for selling stocks, they receive a commission. That sure sounds like a salesman!
As such, if Bud spent less time trying to "learn and analyze" the stocks and focused on increasing his skills on selling and networking, he would never have been intrigued by Gordon's offer. That is his job ... sell stocks and grow your book of business.
If bud wanted to make a living analyzing technical chart patterns, stock fundamentals or sentiment analysis then he should have become a market analyst. You have to focus on what you do and perfect that function. He sells stocks! He doesn't get paid to consult or advise on stocks.
However, Gordon Gekko, is played perfectly by Michael Douglas. Gekko's speech is classic in describing the business of Wall Street, his "greed is good speech" is worth the time and money you invest in "Wall Street." In reality, it is what makes the stock market tick. Why? Greed is an emotion. Sentiment is the true underlying mechanism that makes the market move. Remember, there are at least 2 sides to each trade -- a buyer and a seller.
Finally, I don't want to give away the details and drama that the movie itself so ingeniously unveils. Wall Street is a movie that perfectly transcends a real world element into a job description that has such a historical allure and notoriety attached to it that usually doesn't quite make good for fairy tale endings.
Review ID: 10000000004002616

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