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Money Movie: Wall Street [1987]

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Money Movie: Wall Street [1987]

Apr 28, 2017Tyrone Wiseman
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It’s been 30 years since the original Wall Street movie was released, and whether you’ve seen it or not, you’ve probably heard the famous “greed is good” quote. (Fun fact: Gordon Gekko actually says, “The point is, ladies and gentlemen, that greed, for lack of a better word, is good.”) 


 But while the underlying theme of the movie is about greed, from a finance perspective, it’s actually a story about insider trading. That means buying and selling shares when you have access to private information about the company, that gives you an unfair advantage. 

Blue horseshoe loves anacott steelBlue horseshoe loves anacott steelAbove: "Blue horseshoe loves anacott steel" is code
Gekko and Fox used to communicate when they were doing some shady trading.


 The movie is set in 1985, where Bud Fox (Charlie Sheen) is working as a junior stockbroker on Wall Street. He’s desperate to get to the top, and wants to work with a legendary but unscrupulous broker called Gordon Gekko (Michael Douglas). 


 Bud finally gets to pitch Gekko on some stocks, but he’s uninterested. In a last ditch attempt to win his business, he spills some inside information about the airline company his father Carl Fox (Martin Sheen) works for. 


 Gekko buys the airline stocks and becomes one of Fox’s clients. 


Gordon Gekko and Bud Fox

Source: Firmex.com


 The shady deals continue and Fox becomes ridiculously wealthy. We’re talking corner office with a view, a fancy Manhattan penthouse, and a gorgeous girlfriend (Darryl Hannah) as well. 



But when Fox pitches Gekko on buying the whole airline (his father’s employer) that was at the centre of the start of their relationship, things turn nasty. While Gekko’s on board, his plan for the company is not what Fox intended. And it leaves Fox with a huge decision about whether to side with his father or go along with the deal. 


Money's only something you need in case you don't die tomorrow

Source: Facebook


Both at the time and in the years since, the film had a big influence on how the world perceived people working on Wall Street. And it shone a light on how and why trading ideas are promoted in the mainstream media. 


 So the next time you hear a hot stock tip, take a look at this movie, and then consider whether there’s an ulterior motive or the recommendation is aligned with your interests. 


 “Mr. Stone has dressed up the movie with an exceptionally handsome (and sometimes satiric) physical production, a pounding soundtrack score, a camera so restless and edgy that it defines Bud Fox's ambition better than the screenplay does.”
NY Times 


Year

1987 


Rated


Starring

 • Michael Douglas 

• Charlie Sheen 

• Daryl Hannah 

• Martin Sheen 

• Hal Holbrook 

• Terrence Stamp 


Learn about

 • Insider trading – the buying or selling of shares by someone who has access to non-public information about a company 


Summary

 Directed by Oliver Stone, and with Michael Douglas winning an Academy Award for best actor, this movie is a classic that’s well worth a watch. 


Trailer