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June 04, 2007 – Comments (3)

On Friday for whatever reason I found myself possesed to throw in my DVD copy of Wall Street. Great idea. Every time I watch that movie it just gets better. The movie seems particularly fitting now with all of the PE buyout activity going on. In fact, as I mentioned in my Dueling Fools article on private equity, there is talk going around that there is, in fact, another Wall Street in the making (some have told me that's a contrary indicator).

While I can't speak to how Wall Street 2 is going to turn out, I highly suggest that anyone that can get their hands on it should re-watch Wall Street.

At the end of the day Gekko was right -- it's information that will allow you to invest successfully. You have to have an edge on the guy that's selling what you're buying, or vice versa. Of course I'd also argue that you don't have to use illegal or ill-gotten information in order to do that.

Or am I still just as naïve as Bud Fox was at the beginning of the movie?

-Kopp

3 Comments – Post Your Own

#1) On June 04, 2007 at 3:22 PM, iamamartin (97.74) wrote:

If we were all rational investors - I'd agree, but in the short term, psychology of both individuals and markets has at least as much to do with it - coupled to the fact that the markets can stay irrational longer than you can stay solvent means it's not always information, sometimes, more greed or more fear than the other guy is all you need. Both can be created in different people by the same information !

The options market strongly suggests some people are using illegal information today especially on private equity deals not yet announced.

 

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#2) On June 05, 2007 at 7:55 AM, camistocks (< 20) wrote:

Well, as a journalist you are certainly closer to "some" information, than us common plebs are...

I think I'm going to finally unpack my "Wall Street"-dvd and enjoy it. I've seen the film before, but only in German. Can you imagine Michael Douglas speaking perfect German? Or Charlie Sheen?

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#3) On June 05, 2007 at 4:45 PM, TMFKopp (98.31) wrote:

Michael Douglas in Deutsch? Ach! Unglaublich!

As a "journalist" I can promise you I have access to substantially zero sensitive information. Maybe some day...

For now, I go the old fashioned way, reading those colorful SEC reports. Man I love those things.

-Kopp 

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