A Little History with Jorge
So, another Monday’s about to end and if you’re like me, I bet you’d rather kick back and forget some of the stress and melancholia it usually brings.
My usual habit, if I’m not in front of the TV, is to grab a book and maybe a few drinks but I’ve been on a documentary binge lately and thought some of you monkeys would find some interesting so, here’s a few…
First off is the Crash of 1929; I find it an excellent piece on how life was coming into Black Tuesday and what happened to all the great dealmakers right after. The period footage as well as the anecdotes from friends and family add so much color on what is Wall Street history.
Loved the testimony on Jesse Livermore after he made “more money than he ever did before”. (1 hour)
Next up is The Ascent of Money; I’m surprised this hasn’t gotten much attention here on WSO. While Niall Ferguson isn’t exactly loved by all (frankly he’s a bit irritating here); Ascent is a great documentary on the history of finance, from its early years in Europe to the recent ascension of China. (4 hours)
And lastly, Quants: The Alchemists of Wall Street; don’t know about you, but I’ve always been fascinated by these guys. I’ll never be one, nor will I even bother trying, but if you're just as curious about them as I am, Quants will give you a peek into the ideas and practices behind what is probably the least understood aspect of finance. (47 mins)
Have a good one WSO.
Thanks Jorge. All interesting topics for sure. I always wanted to know how people get around the time limit when uploading to YouTube, but 4 hours of a clip, well that's just ridicolous.
I didn't realize Ascent of Money was a documentary as well. I read Niall's book, which I found to be very good.
It comes in 6 episodes and yes, its really good. Couldn't find a chopped up version of it though hence the 4 hour version.
Nice, Jorge!
Youtube just recently removed the time limit for all users, whereas before only Youtube partners and paying advertising channels could upload past the 12-minute mark there are now a number of full movies posted by common users.
Really enjoy documentaries. Thanks Jorge!
Given my beliefs about the unscientific and non-quantifiable nature of economics and finance, it made me pretty happy to hear Emanuel Derman say, "I don't think you can use quantitative methods to explain markets, either. People like Newton, Einstein, and Feynman discovered things that seemed to be God's truth, almost, even if they're not 100% accurate. I don't think that's possible in finance. I think it's an illusion." (around 28:30 in the "Quants" video)
Around 32:45, Paul Wilmott explains why the "laws" that economists come up with are not laws, at all.
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