Craig Gillespie

Pitching her coworker on the viability of a specific stock she heard about on YouTube, a middle-class nurse named Jenny (America Ferrera) argues that the bandana-clad weirdo she saw promoting the investment is unusually trustworthy: “You can see his whole balance sheet!” Jenny may not have scrutinized the data displayed in that Excel file, but in her view, its mere disclosure is a signal of expertise and a gesture of transparency. The actual numbers are irrelevant; what matters is what the nerd says about them.

Writ large, this didactic illustration functions as an apt metaphor for the entire stock market, in which tangible value is inextricably tangled with theoretical perception. Shares of stock aren’t worth anything in the literal sense; their value derives from a manufactured number—a figure whose calculation appears at the end of a byzantine maze of trades, estimations, and symbols—which we have all accepted to carry meaning. No movie has better illuminated this capitalist fiction than J.C. Chandor’s Margin Call, in which Jeremy Irons says of our financial system, “It’s just money, it’s made up.” Dumb Money, the new docudrama from Craig Gillespie, is not so insightful or incisive, but it does persuasively recognize the absurd whims and fateful caprices that catapult some investors into fortune and plunge others into poverty. Read More