Having spent most of my career on or next to Wall Street, I've watched trends come and go, which inspired me to apply my intuitive skills to marketing and sales. After reading that 20th Century Fox is re-incarnating the infamous Gordon Gekko in a new film--of course starring Michael Douglas--only one thing came to my mind. The bubble is about to burst.
The original film, Wall Street, which was released in 1987 (about the time that most of day's PE and Hedge Fund czars were in high school) epitimozied the greed and glory of the pandemic Wall Street boom of the '80s. The timing of the film's release also marked the peak of a financial market cycle, which ended with one of the biggest crashes in the history of Wall Street.
The stark similarities between then and now are plainly obvious. Private Equity players are the new junk bond czars, who are accumulatng massive personal wealth of courtesy of historic-proportion leverage. Once again, this trend is about greed--and the benchmark of success is measured only by how many billions one has put into his pocket.
Good, bad, or indifferent (if I were one of the winners, of course I'd say its good), the fact is that entertainment media is the best benchmark for picking the top in the markets. Keep your shorts on--if media and entertainment projects focusing on Wall Street mania's are as predicative as they've been for the past 50 years, we're in for an interesting ride. The only difference today is that the moguls in hedge fund and private equity have accumulated so much cash, that when the bubble bursts, their mansions in Greenwich will be far removed from the epicenter...
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