2 Be Heard: Accent of money

Friday, July 24, 2009

Accent of money

Catch it in my company where our MD highly recommended us to watch.....After all, we are in the frontline of $$.

Previously saw the ad on Business Times and the review was good. Finally my turn to lay my eyes on the film with anticipation. The video has a wide coverage from history to some of the more upbeat details of the financial crisis. Watch a few clips on how this current financial crisis came about and I would say not very easy to understand if your do not know the $$ language well. But to me it paints a rather in depth picture on how this crisis begin. I came across a flash animation before in facebook that I think is definitely much suitable for laymen to feel impressed.

After viewing, I have grow to understand the magnitude of the crisis and I would say results from multiple episodes of greed and temptation. It is the man's continuous pursue of financial well-being and the futile rationalization of human wisdom against the ever changing financial situations. One greediness and stupidity leads over to another. Something remarkable is during an interview with the "Master of Hedge funds", Feruguson was asking for a professional hedge fund manager do they use their intuition to make decisive calls that's usually millions of client's fortune. The answer was largely intuition. Now, how does anyone feels comfortable to invest in someone that say "I feel that this stock will rally".

Its a good video to anyone that wants to have a more clearer picture of what they think they are smart at.

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