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Speaker 1: Great the flick with Ben o'sha on ninety six FM.

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Speaker 1: Hello Ben, Hello guys, Well I saw dumb money and

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Speaker 1: you're right, Lisa. It is based on this incredible true

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Speaker 1: story that many people in Australia might not be familiar

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Speaker 1: with because it happened in America as one of those

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Speaker 1: Wall Street David versus Goliath kind of deal sticking it

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Speaker 1: to the man. Love that sort of stuff. And so

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Speaker 1: just to give you a quick run through, and for

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Speaker 1: people who maybe have seen the Netflix documentary Eat the Rich,

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Speaker 1: the Game Stop saga that covers it very very well.

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Speaker 1: Long story short, Basically, a bunch of nerds online on

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Speaker 1: Reddit on YouTube were inspired by this YouTuber who called

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Speaker 1: himself Roaring Kitty. His real name was Keith Gill, and

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Speaker 1: he started doing shows about investment advice and he believed

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Speaker 1: that this video game retailer game stops like eb Boutique

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Speaker 1: here in Australia was undervalued and the pandemic was happening

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Speaker 1: and people would turn to computer games, and he thought

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Speaker 1: that there was some value to invest in this, and

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Speaker 1: so he got all of these nerds on the internet

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Speaker 1: to invest as well, basically encouraging them using memes. So

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Speaker 1: it was just completely stupid and misspelling things. Instead of

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Speaker 1: calling them stocks, that'd call them stocks, which they all

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Speaker 1: found hilarious. Everybody had a good time, and they were

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Speaker 1: throwing in twenty bucks, fifty bucks, one hundred bucks, and

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Speaker 1: then it just snowballed and the value of game Stop

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Speaker 1: just went up and up from a couple of bucks

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Speaker 1: of share two hundreds of dollars a share in a

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Speaker 1: short amount of time. And so all of a sudden,

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Speaker 1: these people were making heaps of money, like we're talking

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Speaker 1: millions of dollars. And these retail investors, the mom and

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Speaker 1: dad investors, the backyard investors. Wall Street refers to them

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Speaker 1: as dumb money because they're not the smart, analytics driven investors,

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Speaker 1: and so they get treated very badly by Wall Street.

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Speaker 1: But it was the dumb money that had the last

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Speaker 1: laugh in this story because there were big hedge funds,

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Speaker 1: billion dollar hedge funds that were betting against game Stop.

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Speaker 1: So they were banking on game Stop going out of business,

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Speaker 1: and so we're shorting the stock. And so it's a

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Speaker 1: very complicated process to explain, but for the listeners, all

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Speaker 1: you need to know is when a company shorts a

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Speaker 1: particular stock, if the price goes up, you lose money,

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Speaker 1: and there's no limit to how much you can lose,

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Speaker 1: unlike a normal investing where say, if you put ten

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Speaker 1: bucks in a stock and it's worth a dollar a

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Speaker 1: share and that company goes goes down to zero, you

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Speaker 1: lose ten bucks. When you're shorting a stock, there's no

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Speaker 1: upper limit. So if it goes up, you lose one

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Speaker 1: hundred dollars. If it keeps going up, you lose a

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Speaker 1: thousand dollars. If it keeps going up, you lose a

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Speaker 1: billion dollars. There's no ceiling, and so these hedge fund bros.

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Speaker 1: We're losing a billion dollars a day, much to the

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Speaker 1: enjoyment of all of these people on the Internet who

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Speaker 1: were just just absolutely losing their minds over how much

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Speaker 1: fun it was. Yeah, yeah, And so this movie tells

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Speaker 1: that story, and it stars the great Paul Dano as

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Speaker 1: Roaring Kitty, as this YouTuber who's kind of the mastermind

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Speaker 1: behind it all, and his brother is played by Pete Davidson,

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Speaker 1: who's well cast as sort of the underachieving loser, and

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Speaker 1: Keith Gill's wife is played by Shalene Woodley who's really

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Speaker 1: good as well, and Paul Dano. He's such a sort

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Speaker 1: of a thoughtful performer, and he does a great job

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Speaker 1: of bringing some pathos to this character and sort of

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Speaker 1: what might have motivated him, because in real life he's

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Speaker 1: very mysterious and enigmatic, like he really has not said

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Speaker 1: much since this whole incident unfolded. And then you've got

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Speaker 1: some of the dumb money, some of the investors who

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Speaker 1: are depicted in the movie sort of representative of everybody

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Speaker 1: who is getting involved. You've got a game Stop employee

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Speaker 1: played by Anthony Ramos from Hamilton and America Ferrera who's

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Speaker 1: having a bit of a moment right now after the

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Speaker 1: Barbie movie. She's in it as well as like a

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Speaker 1: sort of a single mum investor who puts her sort

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Speaker 1: of life savings into it and then watched it go up.

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Speaker 1: But it was so stressful for those people because I

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Speaker 1: didn't know when to sell. They're like, Okay, well, do

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Speaker 1: we get out now we've made a million dollars? Do

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Speaker 1: we sell now? Or maybe we're going to have two

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Speaker 1: million dollars by tomorrow? Do we hold on. It's a

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Speaker 1: crazy sort of decision that most people or go back

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Speaker 1: to zero brief and then behind it all was, you know,

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Speaker 1: this this day trading app that became incredibly popular called

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Speaker 1: robin Hood, which tells you everything you need to know.

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Speaker 1: You just steal from the rich give to the poor.

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Speaker 1: And there was some kind of like controversy around this

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Speaker 1: app as well. And the CEO of this app is

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Speaker 1: played by Sebastian stan That's very interesting little side. But

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Speaker 1: one of the best things about this film. Yeah, so

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Speaker 1: he's really good as a sort of a tech entrepreneur.

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Speaker 1: But one of the coolest things about this film is

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Speaker 1: who they've got to play the hedge fund bros. They've

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Speaker 1: got Seth Rogan and Nick Offerman who just just so

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Speaker 1: perfect as the as these guys who are super super

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Speaker 1: rich but then just become bumbling idiots when everything starts

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Speaker 1: go under our vocasom and you just kind of you

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Speaker 1: kind of you feel for them, but also so you're

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Speaker 1: kind of laughing at their misfortune and so they're they're perfect.

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Speaker 1: They're perfect at that unfortunately. So this film comes from

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Speaker 1: director Craig Gillespie who gave us I Tanya, which was

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Speaker 1: on film starring Margot Robbie about Tonya hard Harding. That's

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Speaker 1: so fun for one person involved. No it was an

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Speaker 1: entertaining movie, so he brings that. He brings that to

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Speaker 1: this film as well. But you stack up this movie

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Speaker 1: against other recent Wall Street movies like The Big Short,

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Speaker 1: and it's just not as good, Like it's just not

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Speaker 1: as good. And then you also compare it to the

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Speaker 1: Netflix documentary Eat the Rich, it's also not as good.

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Speaker 1: And part of the problem is because the true story

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Speaker 1: is so wacky souwable are so good rightly, and it's

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Speaker 1: actually really hard for a movie like this to try

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Speaker 1: and dramatize it in a way that gives you anything

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Speaker 1: new it so push it up here. But in saying

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Speaker 1: that it's a very entertaining movie, it's going to be

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Speaker 1: in Cinema's next Thursday, and it's definitely a very very

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Speaker 1: solid film. It just probably doesn't live up to maybe

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Speaker 1: what you expect, knowing how incredible the true story is.

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Speaker 1: If you go in not knowing anything to say, you

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Speaker 1: don't know if you're going you'll have a really good time,

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Speaker 1: good time in this film. It's a lot of fun, definitely,

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Speaker 1: and people will go who wrote this this? Come googling.

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Speaker 1: It'll have you giggling because you just will not believe

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Speaker 1: some of the stuff that happened. All right, how many

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Speaker 1: so now are you giving I'm going to give it

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Speaker 1: three and a half a half and that's not a

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Speaker 1: dumb rating. Great cast. Thanks Ben,