George Clooney’s ‘Money Monster‘ is a crime thriller that not only entertains but also imparts crucial financial and moral lessons. Here are six key takeaways from this 2016 movie.
6. Investing Is Not Just About Money, It Is About Life
The film illustrates that investing transcends mere monetary gain; it’s fundamentally linked to the pursuit of a fulfilling life. Through the narrative, we understand that financial decisions are not just about getting wealthy but about securing freedom and a better standard of living for oneself and family.
5. Never Put All Your Money Just in One Investment
‘Money Monster’ shows us that it’s not a good idea to put all your financial eggs in one basket. Diversification is portrayed as a vital strategy to mitigate investment risks. The story serves as a cautionary tale about the dangers of overconcentration in a single investment while stressing the importance of spreading assets to minimize potential losses.
4. Don’t Sacrifice Your Health and Relationships For Money
The film brings to light the often-overlooked cost of financial success – the potential harm to one’s health and relationships. It conveys the message that the relentless pursuit of wealth should not come at the expense of personal well-being and relationships.
3. Using Algorithms Doesn’t Mean High-Frequency Trading is Perfect
‘Money Monster’ explores the ups and downs of high-frequency trading and its reliance on algorithms by revealing its inherent imperfections. So, it suggests it’s best to take the unpredictable nature of this trading method into consideration, as even technology-driven strategies are prone to risks and errors.
2. When All Things Go Wrong, It’s the Little Guy Who Gets Screwed
In the film, we see the vulnerability of the average investor in the face of financial calamities. It presents us with the harsh reality that in major financial crises, it is often the small investor who bears the brunt of the fallout, suffering significant losses.
1. During a Crisis, Focus on the Impact Rather Than Affected
‘Money Monster’ also addresses crisis management, especially the importance of prioritizing the affected individuals over the business impact. This lesson is particularly relevant in scenarios where corporate focus tends to skew towards financial losses rather than the human element.
