A Random Watch Down Wall Street: Boiler Room

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A few weeks ago we were having a discussion on Twitter about the greatest finance movies. Here’s the list we came up with:

  • The Big Short
  • Trading Places
  • Wall Street
  • Boiler Room
  • Margin Call
  • The Wolf of Wall Street

Someone then had the bright idea to recommend Michael and I re-watch some of these classics to see how well (or poorly) they aged, discuss how realistic they are/were, and talk about how things have changed in the markets since they came out.

For the first one, we decided to check out Boiler Room, the late-1990s/early-2000s movie about the old school chop shop commission-based brokerage firms who ripped off their clients.

We discuss:

  • How many millionaires did Microsoft produce in the 1990s?
  • Can you believe people used to actually buy stocks from people who cold-called them on the phone?
  • Did people really pay $2/share for stock commissions?
  • What’s Vin Diesel’s real name?
  • Is Ben Affleck’s speech one of his all-time acting performances?
  • Would Matt Damon have made this movie much better as the star?
  • Why selling is so important in finance.
  • Is Boiler Room better than The Wolf of Wall Street?
  • How normal people view the finance industry and much more.

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