Showing posts with label wall street. Show all posts
Showing posts with label wall street. Show all posts

Thursday, September 9, 2010

Wall Street: Money Never Sleeps


I remember going to see the original Wall Street back in 1987 (see clip from movie below) around the time of the global stockmarket crash. At the time I wasn't even aware of the stockmarket and its influence on the globe.

I went to see the movie because Charlie Sheen and Michael Douglas were big stars at the time and people saw Wall Street because of the actors and because the movie was topical.

I haven't seen the movie since but the sequel, Wall Street: Money Never Sleeps, is about to be unleashed on us at a time when the subject of the movie is topical again.

Like most Oliver Stone movies you have to take fact as he sees it rather than fact as it is and if you can get past what will probably be his leftish preachiness on how the capitalist system is a failure and the blame should be solely focused on the subjects in this movie then you will probably find the sequel an entertaining romp.

It has probably been done a little better in 2000's American Psycho, with a little violence and sex chucked in of course but the Wall Street sequel might be worth the 15 buck admission price.

Apparently Sheen makes a cameo (where did he find the time away from filming that intellectual tour de force that is his sitnoncom) as does Warren Buffett.

Greed is good! Again.



Wall Street @ Share Investor

New Zealand Stockmarket bull run: 2011


From Fishpond.co.nz

 Wall Street


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Wall Street [Blu-ray]Wall Street [Blu-ray]
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c Share Investor 2010

Friday, September 25, 2009

John Key rings Wall Street Closing Bell

3 News Video On Demand


Following a great honour and tradition for Celebs or politicians to close trading for the day on Wall Street, New Zealand Prime Minister John Key rings the bell for close of trade on September 24 (NY time) on the New York Stock Exchange.

Is a tradition long celebrated on the NY Stock Exchange and for John Key to get to do it just shows the respect he still has from his years on the Street.

Hey, I am still here but baby is taking up our time lately.

I am working on an interview with Don Braid, Managing Director of Mainfreight [MFT.NZ] and that should be out in a few weeks.

Until then, enjoy the video and imagine it is you !

Recent Share Investor Reading
Related Amazon Reading

Wall Street: A History: From Its Beginnings to the Fall of Enron
Wall Street: A History: From Its Beginnings to the Fall of Enron by Charles R. Geisst
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c Share Investor 2009

Monday, February 4, 2008

New Zealand Stockmarket bull run: 2011

In a favourite movie of mine from 1987, Wall Street, staring Micheal Douglas as "Gordon Gekko" and Charlie Sheen as "Bud Fox", Gekko has a line in the film that goes something like, "money never sleeps", but you would have to add a rider to that, "except on the New Zealand stockmarket".



Gordon Gekko in Wall Street.


I am being a little bit mean because investors on the NZX have done well over recent years but while most overseas stockmarkets surpassed the giddy heights they reached in the 1980s and recovered after the 87 "crash" our market hasn't even got close to those halcyon days.

Well, apparently there is talk of resurrecting Gordo in a sequel to Wall Street and I believe while many foreign viewers may see the sequel with some sort of nostalgia most kiwis from around their mid 40s upwards will see will see the movie as some sort of horror flick, reminding them of past failure and lost fortunes.

I am constantly hearing from people in this age group when I broach the subject of investing, tell me that the stockmarket is "like a casino" "too risky" and full of criminals and charlatans. Well they maybe partly right on the last count but the sharemarket is a totally different story today.

Companies are largely valued on profit, prospects and management and those terms were mostly not applied to investing during the reign of the Gekkos in the 1980s.

I am 42 and wasn't invested in the sharemarket back then and my only real memory of it was talk around the Wall Street movie and the economy softening and that is where today's piece finally gets to its point.

Sorry about the verbal diarrhea!

While talking with my elders and, ask them what they do with their money(ironically those that lost money in '87 also seemed to have done their dough in finance company collapses, I see a pattern forming here) inevitably evokes the woes they faced with the sharemarket in 1987, I believe that this bogey is going to be laid to rest, given time.

People my own age are investing in companies listed on the NZX and those younger than I are doing similar. Those that were born the year Wall Street came out will only have knowledge of the market collapse from the same year in books or if they are interested specifically in the subject, so I believe the New Zealand stockmarket is in for an exceptionally good run when these younger investors come of age and start investing in the sharemarket as they hit their late 20s, early 30s.

The bull run could come even earlier should those of my own age stop listening to their parents advice and stop pouring dead money in home ownership.

Much of New Zealand's housing "boom" over the last 20 years has been fueled by those risk adverse baby boomers who got their wallets suctioned when they "invested" in companies back in the 1980s that didn't actually make any money, and we can still hear the collective moan from many of them today.

Like investing has always been, there is risk, but that risk is tempered by proper research into what you are buying and quite frankly those that invested in the "paper companies" around in the 1980s shouldn't blame the stockmarket. They should blame their own stupidity, greed, lack of research and understanding of what it is they were buying.

Those that remember Wall Street will also remember and maybe ponder its most famous monologue, when Gekko proclaims:

The point is, ladies and gentlemen, that: Greed, for lack of a better word, is good. Greed is right; greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms, greed for life, for money, for love, knowledge — has marked the upward surge of mankind and greed, you mark my words — will not only save Teldar Paper but that other malfunctioning corporation called the USA.

While there is nothing wrong with a little greed in our lives, those that harbour animosity to this day, to the Gordon Geckos that may have cost them a fortune, would do well to remember it was their own unbridled greed that led them along the path to financial disaster.

Just let it go and start investing in the stockmarket again and save us the lectures about '87.


Related Share Investor reading

"Intelligent Investor" Book review
Financial 101: Learn before you leap
Greed is bad: Geneva Finance folds
It was 20 years ago tomorrow
What happened to risk?
Research, research, research


Amazon Viewing


Wall Street (20th Anniversary Edition)Wall Street (20th Anniversary Edition)
Buy new: $9.49 / Used from: $7.00
Usually ships in 24 hours
Wall Street [Blu-ray]Wall Street [Blu-ray]
Buy new: $13.99 / Used from: $9.48
Usually ships in 24 hours



c Share Investor 2008

Monday, August 13, 2007

Take an Investment tip from New Zealand's NZX

The favourite topic for us investor hounds and writers of the moment is the weakening global share markets.

New Zealand is always first to react on Monday after the previous Fridays close on Wall Street.

React it did today by falling almost 40 points or 1%. Already down sharply on Friday 10 August New Zealand time our market takes the lead and has no other influence until Australia's ASX opens 12 Noon NZ time.

Today the ASX lead its own way up, Asian Markets followed somewhat and it will be interesting to see what Wall Street does New York time Monday morning 13 August.

The thrust of this piece is really that if you look to the New Zealand market, the NZX, we really have an advantage because when world markets close during our morning hours we have a chance to digest the figures from other regions , make a decision and act upon it when our share market gets going at 10.00am. Perhaps then making more rational and considered decisions instead of the spur of the moment stuff that international bourses tend to respond to.

Of course very few international investors know that New Zealand even has a share market but if they did they would find it an advantage to follow what is going on down here in the respect of investor sentiment in a region that is first to open.

Clearly the NZX doesn't have economic impact but international market watchers need all the information and advantage they can when looking at the impact their own portfolios could have and behave when their markets open the following day.


Recommended Fishpond Reading

Crisis: One Central Bank Governor and the Global Financial Collapse

Buy The Intelligent Investor & more @ Fishpond.co.nz

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c Share Investor 2007