5 Classic Movies : EI Weekend 3228
Five classic movies with links you can easily view…
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Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 1993, Microsoft began shipping its Encarta encyclopedia on CD-ROM. It had licensed content from Funk & Wagnalls after being rebuffed by Britannica.
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The first public screening of a film took place in Paris on December 28, 1895, by the Lumière brothers. As noted in Bigworld, It’s a century this year since the first inflight movie on a scheduled service and even although LA has been somewhat immolated by fires of late, the reality is movies remain big business with movie making having migrated to Hollywood in the 1910s thanks to the sunny weather and diverse landscapes. The US film industry had initially clustered in New Jersey around Bayonne and Fort Lee.
It’s 98 years since the first talking movie “The Jazz Singer” in 1927 while Jurassic Park blazed a trail for CGI in 1993, presumably because dinosaurs aren’t unionized.
Today, Bollywood may produce more films but Hollywood remains the most talked about industrial hub for the movie industry but America still dominates the box office numbers across the world…
IPO-VID LIVESTREAM: NEXT WEEK TUESDAY!
“How Floors Help Markets”
By: Dominik Roesch
March 25th, 2025
1600 UK, 1700 CET, 1200 EST
A recent academic paper discussed the benefits of floor traders, meet one of the authors: Dominik Roesch is an Associate Professor in Finance at the University at Buffalo. His research focuses on market quality, in particular, investigating the joint dynamics of arbitrage, liquidity, and efficiency. He has been part of an NSF infrastructure grant, which allowed him to build up a framework (based on OneTick software) to efficiently analyze financial data.
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IN BIGWORLD
From Exchange Invest 3203: February 21st:
While a flight around Chicago including the showing of a film on board as early as 1921 during a trade show — a Chicago promo was played as folks flew around the windy city, the first in flight Hollywood movie on a scheduled service was on Imperial Airways 100 years ago showing “the Lost World” a blockbuster adaptation of Sir Arthur Conan Doyle’s 1912 book.
Here’s a photo of the film being loaded on April 6th 1925.
PLY: Market Movers On Fintech TV
Catch me on Market Movers On Fintech TV every Monday at 0920 AM for the latest insights in finance, technology, impact investing, and market trends. Fintech TV is on the web (Fintech.TV), in a multitude of airports across the USA and other channels.
BITCARNAGE
Un-StableCoins
Readers will be aware we’re not in the dumb shilling for the crypto religion. It’s been a long journey from a decade and more ahead of the digital money concept to ending up deeply cynical by what has resulted — tragically (and it pains me for there ARE good people in parts of crypto) a schlock hype get rich quick scheme with empty pixels, broken promises and endemic fraud while many parties seek little or no regulation for their new virtual Klondike phenomenon.
Anyway, looking at the structure, there are phenomenal dangers to the fabulously misbranded “StableCoins” and a pointy headed academic has done a takedown which deserves a read: Policy Brief: The Hagerty-Scott-Lummis-Gillibrand Stablecoin Bill Would Cause Great Harm to Consumers, Investors, Our Financial System, And Our Economy (SSRN). If you prefer a brief surmise, a noted crypto cynic former SEC manager adds his pith: John Reed Stark: “Stablecoins Are Neither” (John Reed Stark LinkedIn).
If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.
EXCHANGE INVEST WEEKLY PODCAST
EU Renews London CCP Equivalence,
Indian Battle Lines Drawn as Sebi Throttles Options Volumes,
SIPs Stasis as The 24 Hour Schlepp Begins,
And NASDAQ Announced their Texas Plans.
The Exchange Invest Weekly Podcast 287
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
The Third Man At 75: Still The Enigmatic Masterpiece Of British Cinema
FT
Link to the film:
The Third Man (1949) Orson Welles, Joseph Cotten, Alida Valli, Trevor Howard
Gone With The Wind (1939)
Archive.org
PLY: “Gone with the Wind,” released in 1939, remains one of the highest-grossing films of all time when adjusted for inflation. It was the first color film to win an Academy Award for Best Picture (8 awards in total) including the first Academy Award given to an African American was the Best Supporting actress award to Hattie McDaniel (“Mammy”). McDaniel was forced to sit at a segregated table for the awards at the Coconut Grove Restaurant of the Ambassador Hotel in Los Angeles which actually had a ‘no blacks’ policy in force. McDaniel was not so lucky, she was excluded from the after party for the same racist reasons.
Incidentally, at the end of the 1939 film “Gone with the Wind,” Rhett Butler’s heartfelt “Frankly, my dear, I don’t give a damn” contravened The Motion Picture Production Code, (Hays Code) but thankfully was allowed to stay after positive pre-release screenings.
Citizen Kane 1941 Orson Welles
Archive.org
PLY: Perhaps the ultimate media movie, clearly not about William Rapndolph Hearst, no siree. Oh no.
Casablance (1942)
Archive.org
PLY: A magnificent multi-level story which served as the perfect primer on why the US was fighting in Africa in World War II following the Pearl Harbour attacks of December 1941.
True story, years ago my wife was quite taken by a charming, handsome, Moroccan steward on Etihad whose white jacket gave him a certain classical appearance.
“You look like you just watched off the set of Casablanca” Beata remarked.
The conversation concluded with the steward noting “oh yeah, Casablanca, that’s like an old movie right? 1980s…”
To be fair I do think Etihad is perhaps the best Business class flying but this was a hilarious dose of perspective free travel. (Turkish Airlines almost invariably have Casablanca in their video compendium of which PLY thoroughly approves).
Of all movies I can recall, I think the dialogue in Casablanca is quite extraordinarily pithy and pacy throughout, a truly magnificent film and indeed just as Clark Gable stands out as if he is in 3d in “Gone With the Wind” Humphrey Bogart broods and stars stunningly throughout “Casablanca.”
At the same time, thank you Claude Rains for what has been a true meme for nearly a century and beloved of Exchange Invest daily as a moniker for falsehood: Casablanca Gambling? I’m Shocked! (lesatseaside Youtube).
Charade (1963)
Archive.org
PLY: The first 4 films are as wonderful as they are, rather epic, heavy and lengthy, complex stuff. Gone With the Wind alone at 4 hours beats even a fair number of modern HB/Netflix mini series!
So here’s a wonderful, lighter, dramatic comedy with Cary Grant and Audrey Hepburn in their element.
Unbeatable dialogue too, a PLY fave: “Do You know What’s Wrong With You?” (U.N. Owen Youtube)…
Books worth reading:
Finance Book Of The Week
“The Psychology of Finance: Understanding the Behavioral Dynamics of Markets” by Lars Tvede shows how psychology can drive movements in the prices of financial assets, breakdown key market phenomena, eg, irrational attitude changes in the individual, and their indicators.
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $499 per annum to join “The Exchange of Information.
Capital Market Revolution
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
IPO-VID LIVESTREAM PODCAST
The global economy is shifting, and Kathleen Tyson has been at the forefront of that transformation. From scaling FX settlements from $940 billion to over $14 trillion daily with CLS Bank to modernizing central banks for the digital age, her insights into liquidity, risk management, and infrastructure are game-changing.
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LAST WORD
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