Ted had asked me to do some meeting prep but I couldn't find any marketing material on you...
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Quote
JP Morgan Employee:
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.
JP Morgan Employee:
Yeah. Well, can we see your offering documents
Charlie Geller:
Well, Brownfield is its own money.
Jamie Shipley:
It's our money.
JP Morgan Employee:
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]
JP Morgan Employee:
[in a slightly condescending tone]
That's really cool. That is SO cool.
Charlie Geller:
Thank you.
JP Morgan Employee:
But, uh... you guys are under the capital requirements for an ISDA.
JP Morgan Employee:
By how much?
JP Morgan Employee:
[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?
JP Morgan Employee:
Uh... it's not great. But keep up those returns and give us a call way down the line, you know. Okay?
Transcript
00:00:01.000 --> 00:00:02.085
Thank you
00:00:02.168 --> 00:00:06.339
But you guys are under the capital requirements for an ISDA
00:00:06.464 --> 00:00:07.465
By how much
00:00:08.132 --> 00:00:09.133
Uh
00:00:09.342 --> 00:00:12.072
One billion four hundred seventy million so
00:00:13.721 --> 00:00:15.265
a lot
00:00:16.516 --> 00:00:17.976
This makes us look bad doesn't it
00:00:18.001 --> 00:00:21.229
that we didn't know what the capital requirements were
00:00:21.312 --> 00:00:22.313
Uh
00:00:22.897 --> 00:00:24.315
It's not great
00:00:24.816 --> 00:00:26.109
But uh
00:00:26.192 --> 00:00:28.653
keep up those returns and give us a call
00:00:28.736 --> 00:00:30.053
way down the line You know
Clip duration: 32 seconds
Views: 236
Timestamp in movie: 00h 39m 00s
Uploaded: 19 March, 2022
Genres: comedy, drama
Summary: The men who made millions from a global economic meltdown.
Comments
Actors
00:35 It's only a matter of time before someone else sees...
00:08 Our investment strategy was simple
00:13 MIKE Lawrence I found something really interesting
00:22 How big is your short position right now
00:14 Trust me I'm not driving a 7 Series without strippers
00:03 I love my job
00:34 Jared it's chaos down here Where are we
00:17 100 million Who are you a drug dealer or a banker
00:23 We have no confidence in your ability to identify
00:20 Michael TAPPING
00:12 Now their foot's on fire they think
00:14 Thanks for coming guys
00:16 You smell that What is that
00:15 We have talked about this numerous times
00:29 Did you get a chance to look at what we sent you Ben
00:13 On the outcome of their bet
00:36 PORTER It's right behind you
00:07 They are correlated
00:08 I'm telling you your bet is against dumb money
00:14 MARK CLEARS THROAT