The Biggest Short

On my way to Washington DC today I watched the movie The Big Short about the Great Recession of 2008 and how the housing shorts pushed the whole crisis. The story is about those investors who predicted the crisis, shorted the market as a result, and made a ton of money betting against the housing market. 

These investors knew doomsday was to come. They invested against the American economy and were rewarded monetarily. At the end of the movie there is a voice over that reflects on what value really is. He questions the true value of something while an earlier character, now homeless, chases his child around his car. 

What holds value, he asks.

Another character points out that in tough times poor people and immigrants are blamed, but the voiceover adds teachers to the list. Teachers were blamed for the crisis. 

It makes sense if you think about it. Blame the teachers- they have created this mess. After all, they are the ones who educated these bankers.

However, I don’t know a teacher who teaches for any other reason than to make the world a better place. The money certainly does not bring people into the profession.

The truth is: those of us who get into education do not place our bets in funds or markets. No- we place our bets on the future- on our hope for greater things to come- our children.


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