I saw lots of movies/series during my days in the University, especially after semester examinations. I recall then that after the last paper, my friends and I would stay back a while after our exams and refuse to go home, just so we could see movies/series without any interruptions. We would download many movies/series and watch sun up to sun down.
Today however, I find movies/ series very tiring, as a matter of fact I get bored very easily, after watching a few episodes, you’d most likely find me dozing off. Case in point, I love Game of thrones, I have been following it since its premiere, but watching the eight season of Game of thrones Season was a struggle, I waited until the final episode before watching, and even while watching, I had to fast-forward it, because I was not fully engaged with it.
Imagine my surprise when I stumbled on a series titled “Billions” and my story changed. A friend recommended the series and assured me that I would love it, I was skeptical at first, but when I watched the first episode, I was hooked on it immediately.
If you are fascinated and want to know more about how the finance industry operates, then this is the series for you, it is no wonder I was so on board with the series.
This show has four seasons and I watched 2 seasons in 5 days, I was that addicted. I am simply in love with “Bobby Axelrod”, the protagonist in the series.
Billions is a series about Bobby Axelrod, the owner of “Axe Capital” a hedge fund manager, who gains advantage over other traders by trading on insider information, which is illegal. He has never been caught, he is as slippery as an eel. He constantly locks horns with Chuck Rhoades Jr., a United States Attorney of the District of New York, who has never lost an insider trading case.
For Bobby Axelrod, it is all about making billions. I am almost ashamed to say this, but I found myself rooting for the bad guy “Axelrod”, I couldn’t help it.
This series especially opens up how the Financial market and its participants (the traders, hedge fund managers, brokers, investment banks, investors) operate in the United States and how the Securities and Exchange Commission (SEC) regulates the market as well as how Law officers enforce these laws. As I watch Billions, I compared the United States financial market and its dynamics to that of Nigeria and I realize that we are nowhere close.
So here a few lessons from the episodes I have seen so far in the series without giving spoilers.
The Power of Research: Before you undertake a new venture, business or investment, conduct and carry out lots of research, ask the right questions, knowledge is power and gives you better negotiating power, it will also save you a lot of trouble.
Network of People: You need a support team, you need a network of people, and it is quite hard to succeed on your own especially if you run and operate a business;
Insider trading is illegal: As much as I love “Bobby Axelrod, I would note that insider trading is illegal, it attracts fine and /or imprisonment in Nigeria. Trading on material information that others in the market do not have access to is illegal as it give unfair advantage and does not level the playing field. Trust is the underlying factor in the financial services industry, once investors begin to lose faith in the financial market and have every reason to believe that participants in the market are not been transparent and fair, investor would most likely pull their funds, therefore destabilizing the financial markets.
To be continued next week…
But if you want to understand and have more knowledge about how the financial service industry operates, then Billions is the series I would recommend.
By Seun Adebisi
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