Man, This One Is Live!

A recent review of my film Broke that made me smile — cause I am not sure what film he watched!

“I caught this on a Documentary Channel and I felt afterward like some of the deepest-thinking reviewers. It leaves off a lot of folks who have been on the sidelines of life the past decades without money-making jobs like real estate brokers or hedge-fund managers; or the feinting poker players. In other words for those who must struggle, you must breakfast, lunch and dinner on hope to recapture the upswings of your homes or the generosity of your employer who hasn’t shipped the firm abroad. The reality is, if you don’t come back to your house with an exceptional income, keep looking. Because this documentary does not address the saps who haven’t been drawn the cards on the table to put them in the game of risk and luck depicted here. It presumes that millions of other dwellers beyond the devastated areas have sufficient income to generate their American Dream. It begs you to have the mental aptitude of a Houdini. It wants us to believe that life has affordable risks if we have the instincts of a poker player; whereas, until the 70’s, the American Dream was guaranteed by an education, solid marriage and sound character. Here, you only require the predatory instincts of a roving gambler. Welcome to West World, by gummy!”

I know I am not supposed to laugh when someone rips the shit out of me, but there are some damn funny lines in there. He must not have liked my review of Moore here.

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You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.

7 thoughts on “Man, This One Is Live!

  1. Jeeez talk about missing the point! Sounds like one of those people who like to blame everyone else for what’s happened over the past few years, yet refuse to take any personal responsibility for the destruction of their personal wealth.

    “saps who haven’t been drawn the cards on the table to put them in the game of risk and luck depicted here”…..I bet he still put money in some long-only mutual fund

  2. I watched ‘Broke’ this week and loved it.

    The first part is a documentary showing the devastation, caused by a vast majority entering into
    bubbles, promoted by myths from wall street and media, without thinking.

    All markets are speculative at the core, they are betting games and wall street and media do not describe it that way either because they do not themselves understand it or they consciously chose to hide it. The false sense of ‘you cant fail with this investment’ attracts more and more into bubbles.

    The second part of the documentary shows that gambling when played with intelligence and risk management can be less risky.

    So the first part establishes that majority of market participants are gambling and second part establishes that the few winning gamblers are not gambling at all – the true definition gambling is not by what chips you play with but whether you bet after careful selection of odds and careful sizing of the bets or you do what the neighbour does without giving a thought to the other possibility that you may be wrong.

    I felt the emotions felt by the reviewer too, in that poker or trendfollowing cannot be touted as the only remaining way to make money and Michael’s documentary might have suggested that by juxtaposing the two sections. I dont think Michael suggests that.

    I think the deeper message from Michael is to know what you are doing instead of going by propaganda, there is no called sure-fire way to glory and that risk is going with a warm-fuzzy feeling throwing away all caution.

    The reviewer need not feel that American dream of valuing good education, good relationships and good organizations is lost. It is just being questioning for revision and update. Vast majority of wealth in a capitalistic society will still be generated, consumed and enjoyed and grown by the vast majority of public that provides and consumes services and products. Markets only direct the wealth and capital for initiatives. Again, my belief.

    Ravi

  3. Those who go for comforting thoughts and get complacent, will have rude awakenings. Those who realize some caution is always warranted, can live in comfort. Caution taken to paranoia and cynicism levels is counterproductive. Caution is better than complacency; but complacency is better than paranoia.

  4. I worked at a factory owned by Germans, at coal pits owned by Frenchmen, and at a chemical plant owned by Belgians. There I discovered something about capitalists. They are all alike, whatever the nationality. All they wanted from me was the most work for the least money that kept me alive. So I became a communist. – Nikita Khrushchev

  5. Are you aware that Amazon is refusing to ship your film to Australia? Why is that? It is not as if someone else is actually selling it there.

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