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Stick around... Larry, one of my "gang" Bud Fox.
The break up value is higher. It's worth 80.
But we don't want to be greedy now, so let's let him have it at $72.
He's right. I had to sell. The key to the game is your capital reserves. You don't have enough, you can't pee in the tall weeds with the big dogs.
"All warfare is based on deception..." Sun Tzu says, If your enemy is superior, evade him, if angry, irritate him, if equally matched, fight... if not, split and reevaluate.
You're learning, sport...
Money never sleeps pal. When I came in in '69, they traded six hours a day, now the clock don't stop, London's deregulated, the Orient is hungrier than us. Just let the money circle the world, sport, buying and selling, and if you're smart it comes back paying. I just made $800,000 in Hong Kong gold. It's been wired to you play with it. You done good, but you gotta keep doing good. I showed you how the game works, now school's out.
Mr. Gekko, I'm there for you 110%.
You don't understand. I want to be surprised...astonish me, sport, new info, don't care where or how you get it, just get it... My wife tells me you put a move on Darien. Here's some inside info for you. That Euroflash GQ guy she's going with's got big bucks but he's putting her feet to sleep. Exit visas are imminent. So don't lose your place in line. Oh, jeez, I wish you could see this. The lights coming up over the water. I've never seen a painting that captures the beauty of the ocean at this moment. ...an old Russian proverb "a fisherman always sees another fisherman from afar." I like you sport, I ever tell you that... Gordon, call me Gordon from now on.
...Gordon.
Yeah, I'm gonna make you rich, Bud Fox. I'm gonna make you rich enough you can afford a girl like Darien. Remember, power is the best aphrodisiac. This is your wakeup call. Go to work.
Got him at an auction in Kentucky.
How much?
Close to two million. But this sucker can go all the way to Devon and the nationals.
The art of which is deception. Spread the buy orders through different accounts and you won't get burned...
I think I got some friends that won't mind making some easy money...
Mixed emotions, Buddy: like Larry Wildman going off a cliff in my new Maserati. Men as smart as myself have got their asses handed to them on a sling with the airlines, fuel could go up, unions are killers...
Yeah aren't you forgetting something Gordon: rule one, capital reserves. This company has $75 million cash in an overfunded pension. That buys us a lot of credibility... ...and the beauty is you already own close to two percent of this sucker...
Gordon what I wantand I never asked you for anythingis to be your copilot on this. I want to take this airline, turn it around, and make it work. It's gonna make us a fortune!
I'm talking to a stockbroker who wants to run an airline. It's gonna take me two years and 2000 headaches to turn Teldar Paper around, what do I need this dink airline for? I'm up to my ass in more nuts than a fruitcake.
Gordon, I worked at Bluestar, I know my way around, I have friends there...inside.
What does that mean?
The three unions. It's 43% of Bluestar's operating budget, the hourly cost of a flight crew is $850 an hour, that's the real hidden value G.G., if you can negotiate that out, get a crew down to $350400 an hour a run, this airline is gonna be the hottest thing since Texas Air...
What makes you think you can?
I can talk to these people Gordon, they trust me...and my father can be a big help in getting cuts.
Alright... Susan, get Buckingham on the box. I want him to look at it. And tell Jock Taylor at Thwick, Jensen... So sport, the falcon has heard the falconer...tell me more...
And I'd like to introduce you to Mr. Gekko, and his lawyer, Mr. Salt.
A pleasure to meet you, Mr. Fox.
Now, wait a minute, Dad...
Sure. What's worth doing is worth doing for money. It's a bad bargain where nobody gains. And if this deal goes through, we all gain.
I didn't know we had a meeting schedule for this morning.
I'm sorry, this can't wait.
What the hell do you want?
I found out about the garage sale down at Bluestar. Why?
Last night I read Rudy the story of Winnie the Pooh and the Honey pot. Know what happened: he stuck his nose in that honey pot once too often and got stung.
Maybe you ought to read him Pinocchio. You told me you were going to turn Bluestar around. Not upside down. You used me.
You're walking around blind without a cane, sport. A fool and his money are lucky to get together in the first place.
Why do you need to wreck this company?
Because it's wreckable. I took another look and I changed my mind.
If these people lose their jobs, nowhere to go. My father worked at Bluestar for twentyfour years. I gave 'em my word.
It's all about bucks, kid, the rest is conversation... Bud, you're still going to be president. And when the time comes, you'll parachute out a rich man. With the money you're going to make, your father won't have to work another day in his life.
Tell me, Gordonwhen does it all end? How many yachts can you waterski behind? How much is enough?
Buddy, it's not a question of enough. It's a zero sum game, sport. Somebody wins and somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another. Like magic. That painting cost $60,000 10 years ago. I could sell it today for $600,000. The illusion has become real. And the more real it becomes, the more desperately they want it. Capitalism at its finest.
How much is enough Gordon?
The richest one percent of this country owns half the country's wealth: 5 trillion dollars. One third of that comes from hard work, two thirds of it comes from inheritance, interest on interest accumulation to widows and idiot sons and what I do stock and real estate speculation. It's bullshit. Ninety percent of the American people have little or no net worth. I create nothing; I own. We make the rules, Buddy, the news, war, peace, famine, upheaval; the cost of a paper clip. We pull the rabbit out of the hat while everybody else sits around their whole life wondering how we did it... ...you're not naive enough to think we're living in a democracy are you, Buddy? It's the free market. You're one of us now...take advantage of it. You got the killer instinct, kid, stick with me. I got things to teach you...
Obviously...
Believe me, Buddy, I was gonna discuss this with you at the right time. Look, why don't you calm down and come to the apartment for dinner tonight. Bring Darien...
...I can't make it tonight.
Are you with me Buddy?
Gordon, it's two minutes to close. What do you want to do?! Decide.
Dump it.
Hello Bud.
Gordon.
You sandbagged me on Bluestar. I guess you think you taught the teacher a lesson, that you can make the tail wag the dog, huh?
Fox, Bud D. is this deja vu or has it really been a year. You're not hitting me up for NYU are you?
Well we're thinking of putting up a statue of you in the subway. I hear you're moving up in the world. An associate already. Not bad. How's Margie?
Can't complain. Got a house in Oyster Bay. Market treating you good? Still seeing that sexy French gal?
Nah, she asked the wrong question.
What was that?
"What are you thinking?"...that was it. The hours are hell, but the money's starting to tumble in. I know this guy who's got an iron clad way to make money, I can't lose and I can't get hurt.
So, does "this guy" have a tip for an honest lawyer?
Yeah, check out Teldar Paper, it's still not over.
Okay.
What about you, I hear you guys are handling the Fairchild Foods merger and it may not be going through. Any surprises I haven't read about in the Wall Street Journal?
Come on Buddy, you wouldn't want to got me disbarred now would you?
Who's listening? It's just one college buddy talking to another.
Yeah, right...
Relax, Roger, everybody's doing it but you don't know, you don't know.
...and if I did, what's in it for moi?
More money than you ever dreamed, Roger. And the thing is no one gets hurt...how bout a beer?
Too much to do...but I'll walk you out.
...and you don't have to put up a dime, Roger.
All right, Bud... let's do it.
So what's the problem?
...got a strange call from the SEC. They asked to see my records... Bud, this is a heavy...
....Relax Roget You're 82M in the account numbers and I'm the Invisible Man... they're always looking for red flags, Gekko's always getting checked by them, they never come up with anything... we're invulnerable on this...
Alright... I just wanna slow down Bud... no more calls for awhile, no lunches... we suspend our business, alright...
Sure Roger, whatever you want, it's cool.
Gekko asked us into the Bluestar deal. We're reviewing the timetables, wanna come?
He never told me...
You're just the President of the company, what do you know? ... Come on.
Hello Bud, I'm Lisa, a friend of Gordon's.
Lisa. Gordon? Oh, Mr. Gekko. Sure. Would you, uh, like to come in?
Didn't he tell you? That's so like Gordon. Get dressed, we're going out.
We are?
So, where are we going?
Wherever you like, Lutece, 21, the River Cafe...or maybe we can just drive around for a while. Work up an appetite.
Want some? Gordon tells me you're a very talented broker. What do you like?
Like? Uh...hmmm. Well...
I got this guy who should know tells me buy Hewlitt Packard but I been burned on tips. What do you think Bud?
Let's see, it closed at uh, 41 1/8... Up a quarter...very attractive... about average yield...
Rising profits...strong balance sheets, good earnings per share.
So you're hot on this stock?
It's ready to take off. I'd jump all over it if I were you.
Sure, and I'm never gonna die either, is this one of your chain letter schemes or do I gotta buy a door to door cosmetic franchise in Northern Arkansas?
No, no Dixon, my client wants to buy a large, large block of stock and needs to spread it around. I'll park some money in your account and if it hits, you get a big cut. I'm telling you, this is the easiest money you ever made...
...this guy who said he was from the Security Exchange Commission, whatever the hell that is, calls and wants to ask me about that stock I bought...
What'd you tell him?
I told him I was in the bathroom and I'd call him right back. What the hell was I supposed to say Buddy, you got me into...
Look Dixon, calm down! It's not illegal to buy stock or to be right. And it's not all that unusual to be spot checked on a big buy. Tell him you did your homework and you thought the stock was a sound investment.