{"id":36565,"date":"2025-09-28T23:56:00","date_gmt":"2025-09-28T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=36565"},"modified":"2025-10-09T10:30:05","modified_gmt":"2025-10-09T02:30:05","slug":"the-big-short","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/","title":{"rendered":"&#8220;The Big Short&#8221;"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/#Introduction\" >Introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/#Title\" >Title<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/#Feedbacks\" >Feedbacks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/#Reasons_to_recommend\" >Reasons to recommend<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/#Plot\" >Plot<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/#Simple_description\" >Simple description&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/#Ending\" >Ending<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Title\"><\/span>Title<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>&#8220;<a href=\"https:\/\/www.imdb.com\/title\/tt1596363\/?ref_=fn_all_ttl_1\" target=\"_blank\" rel=\"noopener\">The Big Short<\/a>&#8221; is a 2015 American film adapted from Michael Lewis&#8217;s 2010 book &#8220;The Big Short: Inside the Doomsday Machine&#8221; tells how the 2008 financial crisis was triggered by the US real estate bubble.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Feedbacks\"><\/span>Feedbacks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The film &#8220;<a href=\"https:\/\/www.imdb.com\/title\/tt1596363\/?ref_=fn_all_ttl_1\" target=\"_blank\" rel=\"noopener\">The Big Short<\/a>&#8221; received unanimous praise from all walks of life and won the Oscar for Best Adapted Screenplay.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reasons_to_recommend\"><\/span>Reasons to recommend <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The movie is compact, the plot is exciting and gripping. It is the best movie to understand the 2008 financial crisis.<\/li>\n\n\n\n<li>Through the plot of the drama, which is interspersed with explanations of specialized financial terms from time to time, the audience can learn a lot of financial knowledge and can easily and quickly integrate into the plot.<\/li>\n\n\n\n<li>Many people associated with the 2008 financial crisis even appear in the film, playing themselves.<\/li>\n\n\n\n<li>As soon as Brad Pitt saw the original novel, he was inspired to adapt it into a movie and it would definitely be a hit. So Brad Pitt immediately asked Michael. Lewis purchased the script and quickly found funding and actors, which is why the film was able to start shooting quickly and find many outstanding actors to perform in the film.<\/li>\n\n\n\n<li>Brad Pitt not only used his own influence, connections, and funds, but also played a key role in the film.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Plot\"><\/span>Plot<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Simple_description\"><\/span>Simple description&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The film consists of three separate but simultaneous stories:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Scion Capital: Hedge fund manager Michael Burry discovered that the U.S. real estate market, which was built on high-risk subprime loans, was extremely unstable. Anticipating that rates on adjustable-rate mortgages would rise in the second quarter of 2007 and the market would collapse, he established a credit default swap (CDS) market that allowed him to profit by shorting market-based mortgage-backed securities.<\/li>\n\n\n\n<li>FrontPoint Partners: Jared Vennett is an executive at Deutsche Bank. He used his own quantitative analysis to verify that Michael Burry was likely right, so he decided to enter the market and buy the CDS himself. However, due to the high monthly premiums, he hopes to reduce the size of his position by selling CDS.<\/li>\n\n\n\n<li>Brownfield Fund: Charlie Geller and Jamie Shipley stumbled upon Jared Vennett\u2019s marketing presentation on a coffee table in the lobby of JPMorgan Chase. Since their capital was below the capital threshold required for trading, they sought help from others. When bond values \u200b\u200band CDOs continued to rise despite defaults, Charlie Geller suspected the bank of fraud.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ending\"><\/span>Ending<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Jared Vennett received a $47 million bonus for his CDS profits. Mark Baum became more tolerant in the wake of the financial crisis, and his staff continued to run their funds. Charlie Geller and Jamie Shipley parted ways after their failed lawsuit against the rating agencies, with Jamie still managing the fund and Charlie moving to Charlotte to start a family. Ben Rickert has returned to a quiet retirement. Michael Burry closed his fund after a public backlash and multiple IRS audits.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"90\" height=\"133\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2025\/05\/The_Big_Short-Custom.jpg\" alt=\"The Big Short\" class=\"wp-image-36566\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/28\/the-big-short\/\">The Big Short<\/a>&#8220;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/06\/22\/inside-job\/\">&#8220;Inside Job&#8221;<\/a><\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/06\/04\/top-10-stock-movies\/\">Top 10 stock movies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/08\/morgan-stanley\/\">Morgan Stanley, the king of investment banks<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/12\/jpmorgan-chase\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does JPMorgan Chase make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/07\/18\/bank-of-america\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of America, too big to fall<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/06\/17\/wells-fargo\/\">Wells Fargo, a major holding once praised by Buffett and Munger<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/09\/citigroup-failed-companies\/\" target=\"_blank\" rel=\"noreferrer noopener\">Citigroup, a downward companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/04\/30\/what-caused-citi-to-abandon-its-retail-banking-business-in-13-countries\/\" target=\"_blank\" rel=\"noreferrer noopener\">What caused Citi to abandon its retail banking business in 13 countries<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/06\/14\/pros-and-cons-short-selling\/\">Pros and Cons of a short selling institutions<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The film &#8220;The Big Short&#8221; received unanimous praise from all walks of life and won the Oscar for Best Adapted Screenplay. The content is compact, the plot is exciting and gripping. It is the best movie to understand the 2008 financial crisis.<\/p>\n","protected":false},"author":1,"featured_media":36566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125,1503],"tags":[],"class_list":["post-36565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial","category-movie"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/36565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=36565"}],"version-history":[{"count":9,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/36565\/revisions"}],"predecessor-version":[{"id":39287,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/36565\/revisions\/39287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/36566"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=36565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=36565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=36565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}