The Big Short Quote
Banker at Goldman Sachs: Ted had asked me to do some meeting prep but I couldn't find any marketing material on you guys.
Charlie Geller: Oh, we just moved here from Boulder.
Banker at Goldman Sachs: Yeah. Well, can we see your offering documents
Charlie Geller: Well, Brownfield is its own money.
Jamie Shipley: It's our money.
Banker at Goldman Sachs: Well, can you tell us how much you manage?
Charlie Geller: Of course. We're doing 30 million right now, uh, but we started four years ago with 110 thousand. So, as you can see, that's pretty phenomenal returns.
Jamie Shipley: We want to get an ISDA agreement so we can deal in long-term options. [subtitled: ISDA Agreement: An agreement that lets an investor sit at the 'big boy table' and make high level trades not available to stupid amateurs.Trying to be a high stakes trader without an ISDA is like trying to win the Indy 500 riding a llama]
Banker at Goldman Sachs: [in a slightly condescending tone]That's really cool. That is SO cool.
Charlie Geller: Thank you.
Banker at Goldman Sachs: But, uh... you guys are under the capital requirements for an ISDA.
Banker at Goldman Sachs: By how much?
Banker at Goldman Sachs: [thinking]Uh... how much? One billion, four hundred seventy million. So... a lot.
Charlie Geller: This makes us look bad, doesn't it? That we didn't know what the capital requirements were?
Banker at Goldman Sachs: Uh... it's not great. But keep up those returns and give us a call way down the line, you know. Okay?
Charlie Geller: Oh, we just moved here from Boulder.
Banker at Goldman Sachs: Yeah. Well, can we see your offering documents
Charlie Geller: Well, Brownfield is its own money.
Jamie Shipley: It's our money.
Banker at Goldman Sachs: Well, can you tell us how much you manage?
Charlie Geller: Of course. We're doing 30 million right now, uh, but we started four years ago with 110 thousand. So, as you can see, that's pretty phenomenal returns.
Jamie Shipley: We want to get an ISDA agreement so we can deal in long-term options. [subtitled: ISDA Agreement: An agreement that lets an investor sit at the 'big boy table' and make high level trades not available to stupid amateurs.Trying to be a high stakes trader without an ISDA is like trying to win the Indy 500 riding a llama]
Banker at Goldman Sachs: [in a slightly condescending tone]That's really cool. That is SO cool.
Charlie Geller: Thank you.
Banker at Goldman Sachs: But, uh... you guys are under the capital requirements for an ISDA.
Banker at Goldman Sachs: By how much?
Banker at Goldman Sachs: [thinking]Uh... how much? One billion, four hundred seventy million. So... a lot.
Charlie Geller: This makes us look bad, doesn't it? That we didn't know what the capital requirements were?
Banker at Goldman Sachs: Uh... it's not great. But keep up those returns and give us a call way down the line, you know. Okay?
Movie: The Big Short
