Shadowing-Übung: Margin Call - "Sell it all. Today." 👆🤘👆 - Englisch Sprechen Lernen mit Video
Lektion wird erstellt...
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Please sit down.
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Welcome, everyone.
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I must apologize for dragging you all here such an uncommon hour, but from what I've been told, this matter needs to be dealt with urgently.
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So urgently, in fact, probably should have been addressed weeks ago.
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But that is spilt milk under the bridge.
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So, why doesn't somebody tell me what they think is going on here?
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Mr. Tull, as I mentioned earlier, if you compare the figure at the top of page 13...
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Jared, it's a little early for all that.
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Just speak to me in plain English.
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Okay.
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In fact, I'd like to speak to the guy who put this together.
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Mr. Sullivan, is it?
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Does he speak English?
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Sir?
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I'd like to speak with the analyst who seems to stumble across this mess.
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Certainly.
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That would be Peter Sullivan, right here.
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Oh, Mr. Sullivan, you're here.
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Good morning.
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Maybe you could tell me what you think is going on here.
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And please, speak as you might to a young child or a golden retriever.
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It wasn't brains that got me here.
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I can show you of that.
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Well, um...
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Sir, as you may or may not know, I work here for Mr. Rogers as an associate in the Risk Assessment and Management Office at MBS.
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Please, just relax, stand up, tell us the care boys what is the nature of the problem.
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Okay, uh...
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Well, as you probably know, over the last 36 to 40 months,
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the firm has begun packaging new MBS products that combine several different tranches of rating classification in one tradable security.
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This has been enormously profitable, as I imagine you noticed.
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I have.
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Well, the firm is currently doing a considerable amount of this business every day.
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Now, the problem, which is, I guess, why we are here tonight, is that it takes us,
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the firm, about a month to layer these products correctly, thereby posing a challenge from a risk management standpoint.
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I'm sorry, that challenge is?
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Well, we have to hold these assets on our books longer than we might ideally like to.
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Yes.
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But the key factor here is these are essentially just mortgages, so that has allowed us to push the leverage considerably beyond what you might be willing
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or allowed to do in any other circumstance, thereby pushing the risk profile without raising any red flags.
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Now, thank you, Mr. Lennon.
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Sit down.
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What I'm guessing your report here says, and give me some rope here, what I'm guessing it says is that considering the,
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shall we say, bumpy road we've been on the last week or so, that the figures your brilliant co -workers up the line ahead of you have come up with
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don't make much sense anymore considering what's taking place today.
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Actually, not what's taking place today, but what's already taken place over the last two weeks.
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So you are saying this has already happened?
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Sort of.
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Sort of.
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And, Mr. Sullivan, what does your model say that that means for us here?
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Well, that's where it becomes a projection. But...
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You're speaking with me, Mr. Sullivan.
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Well, sir, if those assets decrease by just 25 % and remain on our books,
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that loss would be greater than the current market capitalization of this entire company.
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So, what you're telling me is that the music is about to stop,
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and we're going to be left holding the biggest bag of odorous excrement ever assembled in the history of capitalism.
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Sir, I'm not sure that I would put it that way, but let me clarify, using your analogy,
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what this model shows is the music, so to speak, just slowing.
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If the music were to stop, as you put it, then this model wouldn't be even close to that scenario.
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It would be considerably worse.
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Let me tell you something, Mr. Sullivan.
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Do you care to know why I'm in this chair with you all?
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I mean, why I earn the big bucks?
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Yes.
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I'm here for one reason and one reason alone.
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I'm here to guess what the music might do a week, a month, a year from now.
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That's it.
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Nothing more. And standing here tonight...
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I'm afraid that I don't hear a thing.
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Just...
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silence.
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So, now that we know the music has stopped, what can we do about it?
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Mr. Cohen, Ms. Robertson, I'm afraid I think this is where you're supposed to step back in.
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Lord knows we've relied enough on Mr. Sullivan tonight.
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What do you have for us?
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What have I told you since the first day you stepped into my office?
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There are three ways to make a living in this business.
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Be first, be smarter, or cheat.
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Now, I don't cheat.
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And although I like to think we have some pretty smart people in this building, It sure is a hell of a lot easier to just be first.
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Sell it all today.
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Is that even possible, Sam?
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Yes, but at what cost?
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I'll have to pay.
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Really?
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I think so.
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Where is this gonna come back to us?
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Everywhere.
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Sam, I don't think you seem to understand what your boy here has just said.
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If I made you, how would you do this?
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Well, you call the traders in for the normal 6 .30 meeting, and you be honest with them, because they're gonna know it's the end either way.
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So you're gonna have to throw them a bone and a pretty big one.
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and then you've got to come out of the gate storming.
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No swaps, no nothing.
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40 % done by 10 .15.
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By 11 o 'clock, all your trades have to be gone because by lunchtime, word's going to be out and by 2 o 'clock, you're going to be selling at 65 cents on the dollar if you're lucky.
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And then the Feds are going to be in here up your ass trying to slow you down.
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Ramesh.
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They can slow you down.
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They can't stop you.
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It's yours to sell.
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But, John, even if we manage to pull that off, and that's saying something, the real question is,
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who are we selling this to?
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The same people we've been selling it to for the last two years, and whoever else will buy it.
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But, John, if you do this, you will kill the market for years.
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It's over.
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And you're selling something that you know has no value.
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We are selling to willing buyers at the current fair market price so that we may survive.
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You will never sell anything to any of those people ever again.
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I understand. Do you? Do you?
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This is it.
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I'm telling you, this is it.
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Now it's four o 'clock.
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Jared, you got till five to break this down and draw me up a plan.
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Is there anybody else who knows what's in here at the moment, block by block?
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Eric Dale. And where is he?
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As of today, he's no longer with the firm.
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We have been trying to locate him.
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Carmelo.
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Yes.
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Get me Eric Dale here by six, then.
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It's done.
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We meet back here in an hour.
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Sam, let's talk.
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Wortschatz und Sprechhinweise zu dieser Lektion
Dieses Video enthält 123 Sätze und 1184 Wörter zum Nachsprechen. Der gesprochene Teil dauert 9:19. Der Sprecher spricht gleichmäßig mit etwa 127 Wörtern pro Minute – ein angenehmes Tempo fürs Shadowing. 86 % der Wörter gehören zu den 3.000 häufigsten im Englischen; den Rest solltest du dir vor dem Üben ansehen.
Wichtiger Wortschatz in diesem Video
15 weniger häufige Wörter aus dem Video, mit Aussprache und Bedeutung:
- clock /klɑk/ (Substantiv) — Tacho, Tachometer. A chronometer, an instrument that measures time, particularly the time of day.
- asset /ˈæsɛt/ (Substantiv) — Vermögenswert, Anlage. A thing or quality that has value, especially one that generates cash flows.
- cheat /ˈt͡ʃiːt/ (Verb) — schwindeln, schummeln. To violate rules in order to gain, or attempt to gain, advantage from a situation.
- thereby /ðɛɹˈbaɪ/ (Adverb) — dadurch, damit. By it; by that; by that means, or as a consequence of that.
- considerably /kənˈsɪdəɹəbli/ (Adverb) — wesentlich, beträchtlich. Significantly; to a degree worth considering.
- earn /ɝn/ (Verb) — verdienen. To gain (success, reward, recognition) through applied effort or work.
- bone /boʊn/ (Substantiv) — Knochen, Gebeine. A composite material consisting largely of calcium phosphate and collagen and making up the skeleton of most vertebrates.
- gate /ˈɡeɪ̯t/ (Substantiv) — Tor. A doorlike structure outside a house.
- package /ˈpæk.ɪd͡ʒ/ (Substantiv) — Paket, Packung. Something which is packed, a parcel, a box, an envelope.
- silence /ˈsaɪ̯ləns/ (Substantiv) — Stille, Schweigen. The absence of any sound.
- compare /kəmˈpɛɚ/ (Verb) — vergleichen, komparieren. To assess the similarities and differences between two or more things [“to compare X with Y”]. Having made the comparison of X with Y, one might have found it…
- plain /pleɪn/ (Substantiv) — Ebene. An expanse of land with relatively low relief and few trees, especially a grassy expanse.
- worker /ˈwɝ.kɚ/ (Substantiv) — Arbeiter, Arbeiterin. One who works: a person who performs labor for a living; traditionally, especially, manual labor.
- essentially /ɪˈsɛnʃəli/ (Adverb) — im Wesentlichen, im Grunde. In essence: by nature.
- whoever /huˈɛvɚ/ — wer immer, wer auch immer. Who ever: an emphatic form of who.
Phrasal Verbs, die du hören wirst
- go on /ˈɡoʊˌɒn/ (Verb) — weitergehen. To continue in extent.
- sit down (Verb) — sich setzen. To assume a sitting position from a standing position.
- come up with (Verb) — ausdenken. To manage to produce, deliver, or present (something) by inventing, creating, thinking of, or obtaining it.
- do in (Verb) — allemachen, abmurksen. To kill or end; to defeat.
- stand up (Verb) — aufstehen. To rise from a lying or sitting position.
Aussprache, auf die du achten solltest
Der Sprecher verwendet 39 Kurzformen und abgeschwächte Formen, zum Beispiel I'm, you're, don't. Sprich sie in der kurzen Form, so wie du sie hörst.
- Die Laute „sh“ und „zh“: essentially /ɪˈsɛnʃəli/, associate /əˈsoʊʃi.ət/, classification /ˌklæsɪfɪˈkeɪʃən/, projection /pɹəˈd͡ʒɛkʃən/, capitalization /ˌkæpɪtəlaɪˈzeɪʃən/
- Lange Wörter – auf die Betonung achten: considerably /kənˈsɪdəɹəbli/, essentially /ɪˈsɛnʃəli/, associate /əˈsoʊʃi.ət/, considerable /kənˈsɪdəɹəbl̩/, classification /ˌklæsɪfɪˈkeɪʃən/
So übst du mit diesem Video
- Höre dir das ganze Video einmal an, ohne zu sprechen, und notiere die Wörter, die du nicht kennst.
- Sprich Satz für Satz in normaler Geschwindigkeit nach und wiederhole jeden, bis dein Rhythmus zum Sprecher passt.
- Nimm dich auf und vergleiche mit dem Original; achte dabei auf Wörter wie clock, asset, cheat.
Grammatik in diesem Video
Die Strukturen, die der Sprecher am häufigsten verwendet, mit den genauen Worten aus dem Video:
| Struktur | Im Video |
|---|---|
| Present Perfect Continuous have/has been + -ing – eine Handlung, die früher begann und noch andauert | we've been selling · have been trying |
| Bedingungssätze if + Satz, will/would + Verb – eine Bedingung und ihre Folge | If I made you, how would you · if you do this, you will kill |
| Present Perfect have/has + Partizip Perfekt – eine vergangene Handlung, die jetzt noch wichtig ist | I've been told · has begun · has been |
| Passiv be + Partizip Perfekt – wichtig ist, was geschieht, nicht wer es tut | I've been told · have been addressed · be left |
Was ist die Shadowing-Technik?
Shadowing ist eine wissenschaftlich fundierte Sprachlerntechnik, die ursprünglich für die professionelle Dolmetscherausbildung entwickelt und durch den Polyglotten Dr. Alexander Arguelles populär gemacht wurde. Die Methode ist einfach aber wirkungsvoll: Du hörst englisches Audio von Muttersprachlern und wiederholst es sofort laut — wie ein Schatten, der dem Sprecher mit nur 1–2 Sekunden Verzögerung folgt. Anders als passives Hören oder Grammatikübungen zwingt Shadowing dein Gehirn und deine Mundmuskulatur, gleichzeitig echte Sprachmuster zu verarbeiten und zu reproduzieren. Studien zeigen, dass es Aussprachegenauigkeit, Intonation, Rhythmus, verbundene Sprache, Hörverständnis und Sprechflüssigkeit signifikant verbessert — was es zu einer der effektivsten Methoden für die IELTS Speaking-Vorbereitung und reale englische Kommunikation macht.