What Can the Movies Teach Us About Finance?
When I was asked by The New School to teach NMGT2133 “Introductory Finance for Business”, I had the inspiration to use excerpts from movies and television to reinforce some of the class learning objectives. It seemed like a “no-brainer”; many of my students would be media majors, so this would be a great way to bridge my world and theirs.
Finding suitable films and tv shows to quote for this purpose has proven somewhat more difficult than I expected. An MSNBC survey article, “The Top 10 Business Movies,” gives some perspective why. In this unscientific 2004 poll, 74% of responders cited the side-splitting film, “Office Space” as their favorite “business-themed” film, followed by “Godfathers 1 and 2”, and “It’s a Wonderful Life.” Finance may be the lifeblood of business, but as a group, the 10 choices given to MSNBC readers depict the struggle to succeed in business from a comical, sentimental and suspenseful standpoint, while doing little to educate viewers on financial concepts.
Fortunately, I was able to find some great choices, including the Million Dollar Idea episode from “The Lucy Show”, “Wall Street”, “Other People’s Money” and “Lost in Lamancha.”
The course is open to the general public as a continuing education offering, meeting Mondays at 4pm, with the first class on 1/26/09. Or if you are interested in some recommendations, on finance-related books, try some of these:
“Finance for the Non-Financial Manager”, by Gene Siciliano
“When Genius Failed”, by Roger Lowenstein
“Buffet: The Making of an American Capitalist”, by Roger Lowenstein
“Barbarians at the Gate”, by Bryan Burrough and John Helyar
“Optical Illusions: Lucent and the Crash of Telecom”, by Lisa Endlich
“Disney Wars”, by James B. Stewart
“Den of Thieves”, by James B. Stewart
“Stocks for the Long Run”, by Jeremy Siegel
“Capital Ideas Evolving”, by Peter Bernstein
“Liar’s Poker”, Michael Lewis