Product Details

• Directors: Michael Covel
• Format: Color
• Language: English
• Region: Region 1 (U.S. and Canada only. Read more about DVD formats.)
  
• Rated: Unrated
• Studio: Nature Nurture Productions LLC
• Run Time: 85 minutes
• Average Customer Review: 4.8 out of 5 stars  See all reviews (60 customer reviews)
• ASIN: B002L2I65G
• Amazon Best Sellers Rank: #24,338 in Movies & TV (See Top 100 in Movies & TV)

Editorial Reviews

"Shocking exposé...not a partisan film." The Huffington Post

"Ambitious...in beautiful imagistic fashion." Big Hollywood

Description: Director Michael Covel traveled 75,000 miles over 3 continents to find moneymaking solutions-even when markets are crashing. Face-to-face with Nobel prize winners to pro poker players to great traders, Covel breaks new ground in trend following trading, human psychology & behavioral finance by answering: how did we get here & how can we turn it around? Want to know how millions are made in up & down markets? Want to know how fortunes are made when most of the world implodes? Real solutions beyond the chaos & noise of 24-hour spin cycles. Fast-paced, informative, & honest; this is a smart narrative with a timeless edge. The solution doesn't require a crystal ball, The Fed or Congress. This controversial & original film reveals how winners do it in the face of constant uncertainty. Ignore Covel's filmmaking at your financial peril.

Background: Broke: The New American Dream premiered on The Documentary Channel™ & features legendary Nobel winners Harry Markowitz & Vernon Smith. Also, top traders & investors David Harding, Larry Hite, Jim Rogers & Bill Miller (to name a few) bring Covel's hopeful & unique vision boldly forward. Covel is also the bestselling author of four books, including the modern classics Trend Following and The Complete TurtleTrader.

Director Michael Covel: "There is no time for games. The government, media & Wall Street are not your financial friends. Follow their lead & your financial dream will be one of destitution. Is there hope? Yes! There is a way to solvency & wealth, but it's not what you think. This is my counter-intuitive wake up call for those who still dare to dream big."

Official Website & Trailer: www . brokemovie . com

Customer Reviews

Most Helpful Customer Reviews

14 of 14 people found the following review helpful:

4.0 out of 5 stars Very Entertaining, Very Educational, Stark Reminders!, November 20, 2009

By 

Richard Thomason (South Africa) - See all my reviews

This review is from: Michael Covel's Trend Following Film: Broke (DVD)

In this DVD, Michael Covel himself travels around the world just after the Banking/Real Estate collapse of 2008/9 and interviews:

Real estate agents - Covel drives around with an agent and looks at the devastation of vacant neighbourhoods and abandoned homes. A scene I found funny was when he stood on a proposed development in Delray Beach, Florida. He gets an agent on the line and says "I mean seriously it doesn't look like there is going to be a home development here for the next 10 years." The agent replies "yes". Aside from this this section is sad. I feel speculators should have known what they were getting into but it is still sad nevertheless.

Poker players - Some of these guys are professionals and make millions from playing Poker, one of the few casino games where one can beat the house. Being a good poker player brushes up your trading skills. The best player doesn't necessarily win the most hands. They just bet when the probabilities are more stacked in their favour.

Lottery players - Millions of ordinary people think they are going to get rich in a game where the odds are simply stacked way against them.

Traders (Larry Hite, Salem Abraham, Jim Rogers, Peter Borish, Jonathan Hoenig, David Harding, Kevin Bruce, Barry Ritholtz and more) - I enjoyed this part the most. These guys have made it big and just listening to the way they speak and think makes you realise how good they are. Furthermore, most MADE money by going short and taking advantage of the crash. On the flipside, those who bought 5 condos for nothing down are left without their shirt.

There is also footage of the crashes in 1929, 1972, 1987, 2000 and 2008, outlining the herd mentality of people who would rather be right & wrong with the herd than wrong and all alone...

The DVD is extremely watchable and I think when the next steamy bubble unfolds, it will be a gentle reminder that the world can be a scary place at times.

11 of 11 people found the following review helpful:

5.0 out of 5 stars Insightful & Original, December 8, 2009

By 

Patrick J. Stiles "Viktor Kukovich" (San Francisco) - See all my reviews
(REAL NAME)   

This review is from: Michael Covel's Trend Following Film: Broke (DVD)

This film is quite impressive. Covel travels the globe and interviews big name people from Poker campanions to Jim Rogers, Salem Abramah, Larry Hite, and Charles Faulker. Many of whom were original Market Wizards. He starts with a basic question regarding the state of the economy and the investment game - so many of us want to get ahead, but why can't we? He analyzes the current crisis but doesn't waste time trying to explain all the "whys" of the situation (enough people are already doing this). He covers the effects, and points out there have always been booms and busts.

One of my favorite parts is his coverage of the state run lottery systems, where America spends around $50 billion annually on lottery games. With the odds of these games in mind, Covel points out that we obviously do not understand numbers. Furthermore, this government run lotteries are actually hidden taxes on the poor (the biggest buyers of lottery tickets).

The real gem in the video is he shows how the Jim Cramer's, CNBC's, etc. do not know what is going on. Their business is to sell advertising by having the highest ratings. Their system is to keep up the status quo, and from this angle it is impossible to get ahead. BUT(!) he says there is a solution for all of us that want to get ahead, and that is trade or invest with a mathematical advantage, and to stop eating the crap that CNBC and company shovel out on a daily basis. I love Covel for going against the grain and telling it how it is!

4 of 4 people found the following review helpful:

4.0 out of 5 stars Do you want to understand the the economic crisis better? Watch this video, December 8, 2009

By 

Jon H (Kansas, United States) - See all my reviews

This review is from: Michael Covel's Trend Following Film: Broke (DVD)

In this film Covel asks a lot of questions. But a main point is to get people to think about who is responsible for their financial situation. Are you willing to take responsibility for your situation or is it more comfortable to blame others? Watch this video and decide if you want to be broke or willing to work to be successful.
This film is worth every penny if you are willing to think about the what Covel is trying to communicate.