dumb money

The film “Dumb Money,” now streaming on Netflix, offers a counter-narrative to the high-stakes world of finance portrayed in movies like “The Wolf of Wall Street.” Based on the true events surrounding the 2008 financial crisis and subsequent market crashes, the movie centers on ordinary retail investors who, often acting on hype rather than deep knowledge, pour vast sums of money into meme stocks and volatile cryptocurrencies. This “dumb money” phenomenon highlights the powerful impact of social media and collective enthusiasm, even when driven by misinformation or short-term trends. While the film depicts these investors as ultimately losing fortunes, it effectively captures the allure and dangerous lack of sophistication inherent in chasing speculative trends. “Dumb Money” serves as both a gripping story of market madness and a critical look at the risky behaviors and widespread financial ignorance that can lead to significant losses for average people navigating complex markets.