I've been enjoying the series, which looks at professional and semi-professional wrestling. I've never really followed wrestling entertainment, though the combination of story and incredible acrobatics has always fascinated me. Suffice that his episode had an exchange that took me totally out of the story.
Here's the setup. "Wild Bill" (Chris Bauer), a well known professional wrestler is in the process of blowing up his career with bad life choices. He calls his agent to help him deal with his latest PR disaster. At one point the agent says, "You never follow my advice." He responds, "I diversified my portfolio..." The agent replies, "I never told you to invest in Canadian oil sands." I practically fell out of my chair.
In Spring of 2020, when I think this episode was being shot, the market was tanking. For those of us who held our mud and followed Baron Rothschild's dictum, "Buy when there is blood in the streets," averaging down made us a lot of money.
As the multiple lockdowns were crashing the market last year my portfolio, which I manage myself, included energy stocks. A favorite over the years is Canadian Natural Resources (CNQ) the number two oil sands company in Canada. I consider it a very well-run company and as it began dropping, I began buying. I sold out of other stocks in the portfolio to continue buying as CNQ dropped into single digits. By the beginning of this year, CNQ was way up and I sold around 1/3 of my holding to take a large capital gain.
If our fictional character had done something similar to the above, he would have made millions. Thus, the correct line for the agent in today's world would have been, "I did NOT tell you to SELL your Canadian oil sands!"
I feel moved to toss in that one of the best movies for business, finance, and the stock market is the James Garner, Lee Remick movie, THE WHEELER DEELERS. It's a funny satire but there is a lot of underlying truth to it (the writer was a very successful economist in real life). I like to quote (lightly paraphrased) a line from that movie: "The market is money and emotion. There's hope when you get it, greed on the way up, and fear on the way down."
Final caveat: The above statements about the stock market generally and CNQ particularly are my own opinions and not intended to offer specific advice of any kind.