This documentary takes a behind-the-scenes. Unblock Netflix Now - Learn how to get US, UK & ALL Netflix content. When all of the lineman’s buddies were throwing their entire 401k into the company stock, its no surprise that an uneducated investor followed the crowd - and got burned. Enron: The Smartest Guys in the Room (2005). We live in a world with almost zero financial education. If something seems too good to be true, it is.īut at the same time, I can’t help but feel sorry for the guy. That’s why I think empowering people to make smart financial choices is crucial. Yes, the lineman’s 401k allocation is his own responsibility. By the time the company collapsed, his 401k dwindled to $1,200. At its peak, his 401k was worth more than $300,000. Two weeks later, Merrill Lynch allegedly received two deals from Enron worth $50 million dollars.Īt other times, the documentary made me sad, particularly when the filmmakers interviewed an electrical lineman - a guy who hangs power lines - who placed his entire 401k in Enron stock. In both cases there were a lot of warnings of possible danger but ‘ships’ continue a full-speed running. Enron’s tragedy is often compared with Titanic. Merrill Lynch fired the analyst, according to the film. It is the end of the film ‘Enron: The Smartest Guys In The Room’. The film discussed one Merrill Lynch analyst who publicly questioned the “strong buy” recommendation that every other analyst was issuing.
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