I confess, I chose to go and watch The Big Short movie instead of watching Star Wars! Sure, some may mock me. And yes, will likely go see Star Wars at some point too! But, before you laugh at me, do know that the "The Big Short" movie includes the likes of Christian Bale, Steve Carell, Ryan Gosling and even Brad Pitt. AND after seeing it, my 20 year old son, Jon, recommended I see it BEFORE even watching Star Wars! In a nutshell, The Big Short follows about a group of "out there" investors who discover something that big banks, the media and even the government think is no big deal: the U.S. housing market is extremely unstable, being based on subprime loans that are high risk and providing fewer and fewer returns. How do outsiders know anything about the housing market? Why would anyone listen to them when they start to believe the US housing market may be in serious trouble?
We can all see in hindsight now that others should have listened! Sound familiar? (especially if you're an entrepreneur!) Yes, The Big Short movie is packed with a lot of swaring, some insnane bickering, but also some entrepreneurial wisdom that may compete with the Force! : ) Here are three insights I gleaned. Feel free share your own below!
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