Wall Street Warriors: Season 1
by Scott J. Gill, Sean Skelton
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DVD details
Actor: Sandra Navidi, Timothy SykesDirector: Scott J. Gill, Sean Skelton
Brand: Infinity
DVD: Region Code 1
Audio: English (Unknown); English (Original Language)
Format: Color, DVD, NTSC
Picture Format: 1.85:1
Running Time: 182 minutes
DVD Release Date: 2007-04-24
Audience Rating: Unrated
Model: IDM7002
Studio: In Demand
DVD Reviews of Wall Street Warriors: Season 1
DVD Review: A disappointing documentary look at Wall Street insiders
Summary: 2 Stars
This show was based on a series of interviews with various Wall Street folks.
While somewhat interesting in places, overall I was disappointed.
Any advice about investing or success on Wall Street was extremely vague, and mostly sounded like standard business platitudes.
The common theme from the traders shown was that their job life is frenetic. The pace and style is, ironically, exactly opposite the tried and true methodology for the vast majority of successful INVESTORS (i.e. as opposed to speculators) - as described by legendary folks like John Bogle and Warren Buffett.
Timothy Sykes, a day trader who had made a killing in the post-internet market collapse (as a microcap short biased trader -- he was obviously in the right place at the right time) was a perfect example of the hyperactive, overconfident, and self-congratulatory 20-somethings that are playing the Wall Street game. These folks seem to have NO clue that making $10 million to $100 million on Wall Street by trading is about as realistic for 99++% of traders as the ghetto kid who is convinced he'll make the NBA by playing basketball instead of studying. I guess the youth get their drive from dreaming big.
(To his credit, Tim does admit he was lucky when he made his big gains). On the other hand, he talks about the need to control emotions, but is constantly very emotional when he trades and discusses his trading. He also seems completely random to me as he trades -- basically, he's a technician who gets his contrarian ideas from Wall Street and technical publications. Not exactly unique. Not exactly insightful, though apparently delusional.
Another common theme was an extreme attachment to wealth and the arrogance the taste of wealth (like a house in the Hamptons, a fancy car, and fancy food, etc) gained clearly implied -- that folks who couldn't afford such a thing are clearly inferior to the folks that can. I guess this is all too predictable, but I was hoping folks who are supposedly so brilliant or talented or socially in tune would have a BIT of perspective or social insight into how the world works.
Most of the folks, like a specialist or a futures floor trader just explained the basics of what their jobs entail. Nothing insightful there at all.
I was hoping to get some meaningful insight into what some of the truly genius folks on Wall Street do and how they think. maybe some useful insight into what to read or how to do research (more sophisticated than seeing how prevalent a brand of blue jeans are in certain stores).
If you are an investor looking to actually learn something - take a big pass on this title.
Description of Wall Street Warriors: Season 1
Studio: Infinity Resources Inc Release Date: 05/22/2007Bestsellers in DVD
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