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Dumb Money (2023)

Review by exmach

Dumb Money

5/10

Patently inferior to the documentaries

This is an important story, one that everyone should learn about -- the true version, at any rate; that includes understanding some technical (but not overly technical) details about what happened, and why.

With this film, unfortunately (as with many others), Hollywood treats its viewers as 'dumb money'. This one prioritizes the industry's current identity politics mandate -- even over and above the class conflict and issues regarding market fairness -- over relaying critical information and details to the viewers about what sort of chicanery and shadiness actually transpired.

As examples, the film did not even spend two minutes explaining to the viewers about: how the Robinhood app actually worked. E.g., the shares were NOT coming from the open market per se; Gill's actual views; what was really happening and said on Reddit; why the government ceased its investigation; the big money that got behind the short squeeze (e.g., Burry, R Cohen, et al); the IMPORTANCE of the disconnect between investing and investment "fundamentals" here (i.e., people investing not because they truly believed in the company's underlying value, and surely not merely holding stock and investing even more solely because Gill himself did so...).

The filmmakers also enjoyed parading their current favourite American congressmen before the viewers. Funnily enough, however, the film ignored WHY those legislators' political colour team members in the Executive branch -- including the named oversight bodies -- quashed the investigations. One wonders why...

A relatively popular four-part documentary on the GameStop saga is overly long and misses certain critical details (indeed, perhaps the most heinous tidbit in the tale). Even so, it's far superior to this movie. So, save your money and watch it, or a comparable documentary, instead. Alternatively, perhaps just read the book upon which this film was based?

The acting was mostly good, but the script was weak and, again, the omissions in key details are unforgivable. A nice followup (independent) film would nevertheless be about the film industry being rigged too and how it's a propaganda tool.
  • exmach
  • Nov 6, 2023

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