Pratica di Shadowing: Margin Call - "Sell it all. Today." 👆🤘👆 - Impara a parlare inglese con i video
Creazione lezione...
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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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Vocabolario e note di pronuncia per questa lezione
Questo video contiene 123 frasi e 1184 parole da ripetere con lo shadowing. Il parlato dura 9:19. Chi parla mantiene un ritmo costante di circa 127 parole al minuto, comodo per lo shadowing. Il 86% delle parole rientra nelle 3.000 più comuni dell’inglese; conviene studiare le altre prima di iniziare.
Vocaboli chiave di questo video
15 parole meno comuni del video, con pronuncia e significato:
- clock /klɑk/ (sostantivo) — contachilometri, tachimetro. A chronometer, an instrument that measures time, particularly the time of day.
- asset /ˈæsɛt/ (sostantivo) — bene, proprietà. A thing or quality that has value, especially one that generates cash flows.
- cheat /ˈt͡ʃiːt/ (verbo) — fregare, imbrogliare. To violate rules in order to gain, or attempt to gain, advantage from a situation.
- thereby /ðɛɹˈbaɪ/ (avverbio) — in tal modo, perciò. By it; by that; by that means, or as a consequence of that.
- considerably /kənˈsɪdəɹəbli/ (avverbio) — considerevolmente, notevolmente. Significantly; to a degree worth considering.
- earn /ɝn/ (verbo) — guadagnare. To gain (success, reward, recognition) through applied effort or work.
- bone /boʊn/ (sostantivo) — osso. A composite material consisting largely of calcium phosphate and collagen and making up the skeleton of most vertebrates.
- gate /ˈɡeɪ̯t/ (sostantivo) — cancello. A doorlike structure outside a house.
- package /ˈpæk.ɪd͡ʒ/ (sostantivo) — pacco. Something which is packed, a parcel, a box, an envelope.
- silence /ˈsaɪ̯ləns/ (sostantivo) — silenzio. The absence of any sound.
- compare /kəmˈpɛɚ/ (verbo) — paragonare. 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/ (sostantivo) — pianura. An expanse of land with relatively low relief and few trees, especially a grassy expanse.
- worker /ˈwɝ.kɚ/ (sostantivo) — lavoratore, operaio. One who works: a person who performs labor for a living; traditionally, especially, manual labor.
- essentially /ɪˈsɛnʃəli/ (avverbio) — in essenza. In essence: by nature.
- whoever /huˈɛvɚ/ — chiunque. Who ever: an emphatic form of who.
I phrasal verb che sentirai
- go on /ˈɡoʊˌɒn/ (verbo) — continuare. To continue in extent.
- sit down (verbo) — sedersi, accomodarsi. To assume a sitting position from a standing position.
- come up with (verbo) — ideare, escogitare. To manage to produce, deliver, or present (something) by inventing, creating, thinking of, or obtaining it.
- do in (verbo) — uccidere, finire. To kill or end; to defeat.
- stand up (verbo) — alzarsi in piedi. To rise from a lying or sitting position.
Pronuncia a cui fare attenzione
Chi parla usa 39 contrazioni e forme ridotte, come I'm, you're, don't. Pronunciale nella forma breve, così come le senti.
- I suoni “sh” e “zh”: essentially /ɪˈsɛnʃəli/, associate /əˈsoʊʃi.ət/, classification /ˌklæsɪfɪˈkeɪʃən/, projection /pɹəˈd͡ʒɛkʃən/, capitalization /ˌkæpɪtəlaɪˈzeɪʃən/
- Parole lunghe — attenzione all’accento: considerably /kənˈsɪdəɹəbli/, essentially /ɪˈsɛnʃəli/, associate /əˈsoʊʃi.ət/, considerable /kənˈsɪdəɹəbl̩/, classification /ˌklæsɪfɪˈkeɪʃən/
Come esercitarsi con questo video
- Ascolta tutto il video una volta senza parlare e annota le parole che non conosci.
- Fai shadowing frase per frase a velocità normale, ripetendo ognuna finché il tuo ritmo coincide con quello di chi parla.
- Registrati e confronta con l’originale, facendo attenzione a parole come clock, asset, cheat.
La grammatica di questo video
Le strutture che chi parla usa di più, con le parole esatte del video:
| Struttura | Nel video |
|---|---|
| Present perfect continuous have/has been + -ing — un’azione iniziata prima e ancora in corso | we've been selling · have been trying |
| Frasi condizionali if + frase, will/would + verbo — una condizione e il suo risultato | If I made you, how would you · if you do this, you will kill |
| Present perfect have/has + participio passato — un’azione passata che conta ancora adesso | I've been told · has begun · has been |
| Forma passiva be + participio passato — conta ciò che accade, non chi lo fa | I've been told · have been addressed · be left |
Cos'è la tecnica dello Shadowing?
Shadowing è una tecnica di apprendimento delle lingue supportata da studi scientifici, originariamente sviluppata per la formazione dei traduttori professionisti e resa popolare dal poliglotta Dr. Alexander Arguelles. Il metodo è semplice ma potente: ascolti un audio in inglese di madrelingua e lo ripeti immediatamente ad alta voce — come un'ombra che segue il parlante con un ritardo di solo 1–2 secondi. A differenza dell'ascolto passivo o degli esercizi di grammatica, lo shadowing costringe il tuo cervello e i muscoli della bocca a elaborare e riprodurre simultaneamente i modelli di discorso reale. La ricerca dimostra che migliora significativamente la precisione della pronuncia, l'intonazione, il ritmo, il discorso connesso, la comprensione dell'ascolto e la fluidità del parlato — rendendolo uno dei metodi più efficaci per la preparazione alla prova di speaking dell'IELTS e per la comunicazione reale in inglese.