The Big Shorts

First of all, I am very grateful to the German predecessors can find time to come to the Central University for us to do this brief speech and commentary, although only a short 3 hours, but the content and general lecturers are very different from the past 3 Many of the so-called "teachers" were invited to the Central University for sharing and giving speeches, but I found that most lecturers had great reservations about their presentations. For example, students from the Department of Finance and Finance Invited a founder of a very well-known venture capital firm in Taipei to speak to our school, but in the end we get from the speech inside the content and advice, I personally think that almost all can be obtained from the Internet, so I did not harvest. Originally, I thought I would get the same result this time, but the lecturer's speech was so wonderful that I was able to increase my knowledge through his "personal" advice and news, and let me deepen my understanding of the darkness in the financial field. That side and when the human encounter "Incentive" must be made when the considerations and choices.

In fact, before the lecturer's speech, I was not too much for the idea of ​​the concept of traders, very simply that they are only responsible for assisting investors to invest and earn commission, but the instructor to play the short 5 minutes after the film , It completely changed my stereotypes of the traders in the end of the film, I think for traders, they are in the free trade market inside and secession, the use of technical analysis to anatomize the direction and pulse of the market, closely tracking the international trend , In that moment inside the profits and losses are in millions or tens of millions as a unit, the lecturer should also be a concrete description of the fact that most of the money every day trading, hedging and investment accounted for only a very small proportion , Almost most of the funds are used to speculation and speculation.

 A lot of times my friends will tell me that, whether it is in the financial markets, shopping malls or political fields are very sinister, extreme human greed, the end result is harm to us in the middle or lower class most of the people It is undeniable, but my point is, whether it is financial, commercial or political, are created by the human system, these systems can be used because they have been the majority of the affirmation and support, This is human civilization in the financial and cultural or political system evolution of a civilization, so as long as it is designed and built by humans, there must be loopholes, and there are "human" appears, there will certainly be a lot of looking for these loopholes and have been They are to maximize their own interests of the people, or as in the early days, when the norms of the financial market is not yet ripe, speculators can earn through the loopholes in the post, their profits to maximize. We can only through the accumulation of time experience to continue to strengthen the norms of financial institutions, free capital market or the financial sector must be matured through a long time, all this also extends my another problem, and perhaps me Personal ignorance prompted me to believe that to some extent these so-called stocks and derivatives have lost their original essence, that they are merely designed and profited through the model to act, or It can be said that human beings do their best through the loopholes in the province of these commodities to speculative action; so through a high number of derivatives trading, it means that the financial markets more developed? But I was not opposed to Taiwan's financial markets should be liberalized, I think that to some extent in order to be with the international standards; but my main problem is that the problem is, Most of the speculation is a huge amount of money by international speculators or a high return rate hedge fund manipulation, so there is such a word, "rich people, will become more money", inadvertently The gap between the rich and the poor is even more serious, because in the financial market, the so-called "big deal" is our middle class will never be able to touch the field.As instructors in the lectures mentioned in the film, The Big Shorts, This paper discusses the cause and process of the 2008 US financial tsunami, which is the result of the greed of Wall Street financial speculators, and finally the people of the United States pay for it. This heavy loss undoubtedly aggravates the burden of the middle class.