The director of 'The Big Short' is still angry about 2008

The movie adaptation of ‘The Big Short’ provided a visual for the 2008 housing bubble

A scene from "The Big Short" visualizes how Wall Street bundled shaky mortgages into complex housing bonds and sold credit default swaps on top of them—showing, step by step, how the structure of the 2008 housing bubble was vulnerable to collapse.

The 2008 financial system unraveled in a wave of speculation

Michael Lewis—author of the bestselling "The Big Short"—explains how a wave of speculation (among other factors) drove the 2008 collapse, from lenders issuing risky mortgages to Wall Street turning them into fragile securities. He also highlights the few outsiders who recognized the bubble and bet against it before the crash.

In 2008, the 'Big Short' mastermind Michael Burry made more than $700M.

'Moneyball' author Michael Lewis believes sports betting is a problem for young men

The noted journalist and author of "Moneyball," "The Big Short," and "The Blind Side" has now fixed his discerning eye on the sports-betting industry. In this interview, he explains why he sees sports betting as a problem for American society, especially boys and young men, and why he believes the government needs to regulate the nascent industry more seriously.

The 2011 film 'Moneyball' shifted ideas about sports and statistics

Based on the Michael Lewis book of the same name, the film starring Brad Pitt depicts the attempts of the 2002 Oakland A's to leverage data analysis to overcome their low-budget woes ($41M) and compete with big-budget teams like the New York Yankees ($125M). Other sports and leagues, including the NBA and NFL, would adopt a similar logic: find what the market undervalues and exploit it.

Who is Michael Burry?

Michael Burry is best known for shorting the mortgage bond market in 2007. Before the Great Recession, the legendary investor’s firm took a stake in GameStop and argued the company was being undervalued in 2019. Learn more about Burry’s historical impact on markets here.

The best movies about Wall Street

From Martin Scorsese’s “The Wolf of Wall Street,” to “American Psycho” starring Christian Bale, Hollywood has no shortage of Wall-Street-centric filmography. These films often distinguish themselves by interrogating why excess wealth and success are so often deemed synonymous in American culture.

‘The Giant Pool of Money’ remains one of the most acclaimed accounts of the 2008 housing bubble

This Peabody Award–winning "This American Life" episode traces how cheap global money, subprime lending, and Wall Street engineering inflated the housing bubble. Through vivid reporting and real voices, it became one of the defining works of 2000s financial journalism.

A look at the biography of Sam Bankman-Fried by author Michael Lewis

Michael Lewis released a book, "Going Infinite," on the day the subject of the book began his high-profile fraud trial. The book delves into the life of Sam Bankman-Fried, a young billionaire in the cryptocurrency world. Find out what the bestselling author discovered over two years and 100 interviews with Bankman-Fried.

BlackRock played an integral role in the Federal Reserve's response to the Great Recession, managing about $30B of hard-to-sell Bear Stearns assets on behalf of the New York Fed.

Watch Margot Robbie explain subprime mortgages—risky loans given to homebuyers with low credit scores or no income verification.

Mark Zuckerberg said some of the details in 'The Social Network' movie were spot-on—but most of the story arcs were inaccurate.

A former financial crime investigator says Hollywood has done a pretty good job depicting money laundering

A former financial crime investigator says "Narcos" and "Ozark" have pretty realistic scenes, but other well-known financial crime depictions like "The Wolf of Wall Street" are off base. Some of the main inconsistencies include overly dramatic gunfights and unrealistic cash amounts.

Hear what Michael Burry thinks about the possibility of an AI bubble

Since his success shorting subprime mortgage-backed securities in 2008, Burry's positions have often become influential, sparking conversations on platforms like X. In 2025, Burry drew attention for betting against Nvidia and Palantir for being overvalued companies.

'The Shawshank Redemption' flopped in theaters

The Tim Robbins movie, based on Stephen King's short story "The Body," did poorly at the box office when released in 1994. It took off on the video rental market, though, after it was nominated for seven Oscars.

Largely considered to be the inspiration for Gordon Gekko in the movie 'Wall Street,' Ivan Boesky was one of the most high-profile white-collar criminals and faced a $100M fine for insider trading in 1986.

Hear why one short seller thinks short selling is now more important than ever.

Oscar snubs and losses can generate controversy

Comedian Bruce Vilanch's podcast "The Oscars: What Were They Thinking?" takes listeners behind the scenes at the Academy Awards to get the inside scoop on everything from the nominating process to the celebrity spats backstage. For example, "This One Hurts!" is about the 2010 Oscars battle for best picture between "The Hurt Locker" (directed by Kathryn Bigelow) and "Avatar" (directed by James Cameron, her ex-husband).

Brooks' Broadway adaptation of 'The Producers' was a massive hit when it debuted in 2001, and broke a record for most Tony wins.

Listen to a sit-down interview with BlackRock CEO Larry Fink to learn more about his background, the lessons he's learned throughout his career, and his outlook for the future.

'The Dark Night Rises' was inspired by 'A Tale of Two Cities'

The 2012 Batman film makes several allusions to the Dickens novel, with one character even holding a copy of the book in a final scene. Director Christopher Nolan and his brother (and screenwriter) Jonathan Nolan frame Gotham as a place of inequity, much like Dickens does with London and Paris. (Some users may experience a paywall.)

Charlie Chaplin's 'Modern Times' blended slapstick and satire

The 1936 film thrust Chaplin's iconic Little Tramp character into the Industrial Revolution, satirizing how mass production was dehumanizing individuals. The movie was not only a hit, but it was also the product of a burgeoning Hollywood: Chaplin had founded his own company (United Artists) in 1919.

In 2007, Bridgewater Associates, the world's largest hedge fund, warned of an impending financial crisis.

'The Firm' is a book about the influence of top consulting firm McKinsey

The author argues that consulting firms are so valuable to the companies that hire them because the clients don’t have to take the blame for any changes the consulting firm decides to make within the organization.

Journalism's real drama made 'All the President's Men' irresistible for Robert Redford

Robert Redford was drawn to Watergate not by Nixon, but by the partnership of two contrasting journalists—Woodward and Bernstein. In the interview, he explains how he shaped the film's documentary style to spotlight the story rather than the scandal.

Stephen King is drawn to horror's childish power

This 1986 appearance promoting King's directorial debut finds him reflecting on what makes horror, which he says is its ability to strip away pretense, reducing supposedly sophisticated people to terrified children. He also seems to have already soured on the movie business, calling filmmaking "a primitive way to create," a not-so-subtle dig at Stanley Kubrick's adaptation of "The Shining," which notoriously disappointed King.

In 2023, BlackRock founder Larry Fink turned from an outspoken champion of the 'environmental, social, and governance' framework to a critic.

Even at the height of his popularity, Spielberg felt like an outsider

By 1992, Spielberg was already one of the most successful names in Hollywood, but he had trouble kicking the alienation he’d felt as a kid. In this interview from 1992, on the cusp of the biggest year of his career, he talks about that feeling and how it motivated him.

What happens when a hedge fund grows too big, too fast?

Dmitry Balyasny, who heads what has become one of the top US hedge fund firms, got a crash course in finance as a teenager, when he started trading stocks—and started losing money. Balyasny went on to lose a whole lot more money. But, this time, it wasn’t his to lose. To find out more about his firm’s remarkable comeback, read this article.

Auditions for the US adaptation of 'The Office' included many now-famous actors

When NBC decided to adapt "The Office" for American audiences, they auditioned in several comic character actors, including Seth Rogen, Bob Odenkirk, Kathryn Hahn, and Adam Scott. Though those actors didn't land the parts, they did end up with major roles in other critically-acclaimed movies and TV shows, including "Knocked Up," "Abigail All Along," "Better Call Saul," and "Severance."

A deep dive into the long road to making 'Star Wars'

In this podcast, Chris Taylor, author of "How 'Star Wars' Conquered the Universe," details the long road—lined with studio rejections, a dismissive crew, glacially slow special effects, and last-minute edits—George Lucas traveled to see "Star Wars" through to its release.

Tesla short sellers benefited from the company's poor performance in 2025

Tesla was widely considered the most-shorted stock until 2024, despite consistent short-seller losses. Between 2016 and 2020, short sellers reportedly lost more than $11B as Tesla's stock price continued climbing. However, long-held short positions began paying out in 2025 as Musk's foray into politics and his eventual feud with President Trump hurt Tesla's stock performance. In 2025, Tesla short sellers made more than $10B.

A star investment banker was fired, launching a decade-long court fight

Star bankers are the core of an investment banking firm's business, so when Perella Weinberg let their restructuring guru Mike Kramer go in 2015, he sued, launching a ten-year legal fight.

7 prominent investors rejected Airbnb in its early days

Airbnb is arguably known as one of the most successful startup stories of all time. But back in 2008, many prominent investors rejected their pitch when they went out to raise money—and Airbnb's founder still has the rejection emails to prove it.

'Jaws' creators regret making sharks the monsters

Both Peter Benchley, the author of the original 1974 novel, and Steven Spielberg, the director of the blockbuster film based on it, acknowledge that the film's popularity has led to the stigmatization of the mostly harmless creatures.

Larry Fink cofounded BlackRock with a $5M investment from Blackstone cofounder Stephen Schwarzman in 1988, before officially severing ties with Blackstone in 1994.

The dot-com stock bubble taught Howard Marks about markets

Annual investment letters from Howard Marks, the billionaire cofounder of top distressed debt shop Oaktree Capital Management, are required reading on Wall Street. The prolific writer and investor explains the distinction between the folly of trying to time the market and the necessity of paying attention to market cycles. The difference makes all the difference in returns.

Remember iconic Oscar controversies, like the 2022 slap

Variety rounded up 21 different Oscar-winning scandals, starting with Will Smith's physical assault on Chris Rock and moving through best picture upsets and best supporting actress rumors—though nowadays, you’d be hard-pressed to find anyone who doesn’t think Marisa Tomei gave an award-worthy performance in "My Cousin Vinny."

Watch the infamous live feud between Bill Ackman and Carl Icahn from 2013 in the fallout of a billion-dollar accusation that Herbalife was a pyramid scheme.

The role stories play in mass economic trends like bitcoin, crashes

Economics is dominated by numbers, but stories play a huge role in the emotional shifts seen within macroeconomic trends. For example, bitcoin is not just a cost-benefit winner, but a compelling tale of decentralization and independence. This is a 20-minute summary of Nobel prize-winning economist Robert Shiller's "Narrative Economics."

Visualizing Hollywood's flops and winners in 2023

Is the movie worth watching? See how this year's cinematic releases compare with one another by revenue and popularity with this simple chart. Hollywood movies can be ranked on two axes: their popular rating and total revenues earned. In this data...

‘Shoah’ director criticized ‘Schindler’s List’ for its portrayal of the Holocaust

“I was watching the Spielberg film, and I thought he’ll never go so far,” Claude Lanzmann said. “And he did. But he even created suspense … And these people, all of them are actors. All of them. They’re actors. They do not look like people who have had these experiences. It is an adventure film.”

The financial crisis in 2008 had a major impact on many 401(k) plans

Amid the 2008 financial crisis, stocks and bonds cratered as the broader market floundered due to the subprime mortgage crisis. Investors with so-called "target-date" funds—which shift allocations based on the maturation of a fund—shared in the slump, with some funds declining by 20% or more just a year or two away from maturation.

Read about why bans on short selling are a controversial policy

Generally, short selling is legal, but regulations often restrict short positions when a stock has experienced a sharp price decline (more than 10% in one day). However, negative feedback loops in times of financial crisis have given short selling a bad reputation. The government has temporarily banned short selling during previous market downturns—like The Great Recession of 2008 and the early months of the COVID-19 pandemic—but experts argue whether those bans actually improved market stability or just distorted prices.

Bumble founder Whitney Wolfe Herd wanted the movie about her life shut down

Wolfe Herd was informed about the movie after its creation process had been started. Her lawyer told her there was nothing she could do. She said she was both terrified of the movie and slightly flattered by its existence.

Fans of 'The Room' love it for its (many) faults

The movie has bad acting, nonsensical dialogue, and a plot that doesn't add up. Still, its fans attend midnight screenings, recite its most famous lines, and even act out scenes in the aisles. Studies have found that fans are drawn to "trash cinema" like "The Room" for the same reason they're drawn to avant-garde works: because they flout mainstream standards.

Ray Dalio considers betting against the US debt load in 1982 among his biggest failures

In the early days of his hedge fund, Bridgewater Associates, Ray Dalio calculated that the US had accumulated more debt than it was possible to repay. He took short positions in the market that backfired when the Federal Reserve cut interest rates and avoided a global economic collapse. Dalio lost everything and even had to borrow $4K from his dad—but often describes this experience as one of the most pivotal moments in his career.

In 2012, Bill Ackman's hedge fund, Pershing Square, took a $1B short position against supplement company Herbalife after discovering that 82% of the company's distributors never made a profit, calling it a true pyramid scheme.

In 1984, Apple ran an award-winning Super Bowl commercial

Directed by Ridley Scott and a winner at the Cannes Lions International Advertising Festival, the clip features a heroine flinging a sledgehammer at a Big Brother-style figure delivering a speech. As the screen shatters, a voiceover proclaims that Apple's release of the Macintosh will ensure, "1984 won't be like '1984.'"

'SNL' spinoffs have had mixed success

As “SNL” became more popular, Lorne Michaels sensed an opportunity to turn some of the show’s most popular sketches and characters into feature films. It’s a strategy that had mixed results: “Wayne’s World” and “The Blues Brothers” are modern classics, while others, like “It’s Pat” and “The Ladies Man,” performed poorly with audiences and critics alike.