In the Dark

Bad Investments Pay Off

Money Monster
Directed by Jodie Foster 
Screenplay by Jamie Linden, Alan DiFiore, Jim Kouf 
Produced by TriStar Pictures 
Distributed by Sony Pictures 

Directed and written by Deniz Gamze Ergüven 
Produced by CG Cinema 
Distributed by Cohen Media Group

When I graduated from college with a degree in English literature, it occurred to me I had to do something to secure my financial future.  So I attended a seminar in investment strategies.  Most of what I learned at that seminar I forgot in a few weeks, but one thing has stayed with me.  After giving an overview of stock-market practices, the instructor was asked a practical question: How does an investor distinguish a good investment opportunity from a bad one?  The instructor smiled sagely.  “Watch the crowd.  Find out where they’re putting their money, and then make your move in the opposite direction.”  Forty-five years later, the wisdom of this advice made itself abundantly clear.  In the run-up to the market collapse of 2008, the lemmings had been rushing willy-nilly into mortgage-backed securities and real estate.  They lost big time.  The contrarian foxes, on the other hand, made their bets selectively...

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