--- title: "Meaning & Key Takeaway of: In the same way that a…" description: "\"“In the same way that a collateralized-debt obligation is the sum of hundreds of individual mortgages, the real value of a film is the outstanding sum ..." image: "https://sms4smile.com/quotes/i/bbf/joshua-green-3819_cinema_in-the-same-way-that-a-collateralized-de_811475.jpg" --- # In the same way that a collateralized-debt obligation is… ![“In the same way that a collateralized-debt obligation is the sum of hundreds of individual mortgages, the real value of a film is the outstanding sum of its individual licensing deals: both products can quickly ruin investors who don’t understand them. When” quote by Joshua Green](https://sms4smile.com/quotes/i/bbf/joshua-green-3819_cinema_in-the-same-way-that-a-collateralized-de_811475.jpg) [Download](https://sms4smile.com/quotes/i/bbf/joshua-green-3819_cinema_in-the-same-way-that-a-collateralized-de_811475.jpg) [Open image](https://sms4smile.com/quotes/i/bbf/joshua-green-3819_cinema_in-the-same-way-that-a-collateralized-de_811475.jpg) > ““In the same way that a collateralized-debt obligation is the sum of hundreds of individual mortgages, the real value of a film is the outstanding sum of its individual licensing deals: both products can quickly ruin investors who don’t understand them. When”” [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Film value is built from many licensing deals, similar to CDOs; misunderstanding these can ruin investors. **In simple terms:** Film investments are complex and risky. Key Takeaway Study licensing structures before investing. Themes finance risk investment film industry complexity Mood cautious analytical Type educational analytical When to use this quote - film production - investment advisory - risk assessment Key Concepts financial instruments investment analysis industry economics Questions to Reflect On - How can investors better evaluate film deals? - What safeguards protect against hidden risks? A Different Perspective Oversimplification can mislead investors. ★ ★ ★ ★ ★ No ratings yet [Cinema](https://sms4smile.com/quotes/about/cinema/) [Collateralized](https://sms4smile.com/quotes/about/collateralized-263230/) [Collateralized Debt](https://sms4smile.com/quotes/about/collateralized-debt-235319/) [Investing](https://sms4smile.com/quotes/about/investing/) [Mortgages Real](https://sms4smile.com/quotes/about/mortgages-real-263232/) [Real value](https://sms4smile.com/quotes/about/real-value/) [Way Collateralized](https://sms4smile.com/quotes/about/way-collateralized-263231/) ## Related quotes > [You can't explain collateralized debt obligation in a novel - it's too draggy.](https://sms4smile.com/quotes/john-lanchester/you-can-t-explain-collateralized-debt-obligation-in-a-novel-it-s-too/) [John Lanchester](https://sms4smile.com/quotes/author/john-lanchester/) > [The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to…](https://sms4smile.com/quotes/robert-f-engle/the-collateralized-debt-obligation-the-cdo-is-a-structure-which/) [Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/) > [The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on…](https://sms4smile.com/quotes/ben-stein/the-people-who-did-the-collateralized-mortgage-obligations-sold-them/) [Ben Stein](https://sms4smile.com/quotes/author/ben-stein/) > [The way the housing market imploded is obviously not an easy thing to explain. It's a little bit easier in a book - people…](https://sms4smile.com/quotes/kelly-mcevers/the-way-the-housing-market-imploded-is-obviously-not-an-easy-thing-to/) [Kelly McEvers](https://sms4smile.com/quotes/author/kelly-mcevers/) > [“The same system that once gave us subprime mortgage collateralized debt obligations no investor could possibly truly understand now gave us stock market trades…](https://sms4smile.com/quotes/michael-lewis/the-same-system-that-once-gave-us-subprime-mortgage-collateralized/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [“Short-termism also dominates in the marketplace. The market uses a discount rate of 10% per year (or more) when comparing costs now with benefits…](https://sms4smile.com/quotes/j-rgen-randers/short-termism-also-dominates-in-the-marketplace-the-market-uses-a/) [Jørgen Randers](https://sms4smile.com/quotes/author/j-rgen-randers/) > [Many Western nations have made significant gains through automation and operational excellence, while emerging markets rely on ever-increasing numbers of workers. Each will improve…](https://sms4smile.com/quotes/dinesh-paliwal/many-western-nations-have-made-significant-gains-through-automation/) [Dinesh Paliwal](https://sms4smile.com/quotes/author/dinesh-paliwal/) > [“Though asanas are very beneficial for the body, their real value lies in training the mind and thus making oneself a fit and healthy…](https://sms4smile.com/quotes/fr-john-ferreira/though-asanas-are-very-beneficial-for-the-body-their-real-value-lies/) [Fr. John Ferreira](https://sms4smile.com/quotes/author/fr-john-ferreira/) > [“And criticism - what place is that to have in our culture? Well, I think that the first duty of an art critic is…](https://sms4smile.com/quotes/oscar-wilde/and-criticism-what-place-is-that-to-have-in-our-culture-well-i-think/) [Oscar Wilde](https://sms4smile.com/quotes/author/oscar-wilde/) > [“If my duty to my parents is a superstition, then so is my duty to posterity. If justice is a superstition, then so is…](https://sms4smile.com/quotes/c-s-lewis-2/if-my-duty-to-my-parents-is-a-superstition-then-so-is-my-duty-to/) [C.S. Lewis](https://sms4smile.com/quotes/author/c-s-lewis-2/) > [Everybody is different and I think that we live in a material world. But for me, possessing things is not that interesting. Living in…](https://sms4smile.com/quotes/nicolas-berggruen/everybody-is-different-and-i-think-that-we-live-in-a-material-world/) [Nicolas Berggruen](https://sms4smile.com/quotes/author/nicolas-berggruen/) > [Between 23 and 30, a woman is like Europe: Well developed and open to trade, especially for someone of real value.](https://sms4smile.com/quotes/nikhil-saluja/between-23-and-30-a-woman-is-like-europe-well-developed-and-open-to/) [Nikhil Saluja](https://sms4smile.com/quotes/author/nikhil-saluja/) > [“Businesses create real value if they drive the fulfilment for other people. The true definition of leadership.”](https://sms4smile.com/quotes/kamil-toume/businesses-create-real-value-if-they-drive-the-fulfilment-for-other/) [kamil Toume](https://sms4smile.com/quotes/author/kamil-toume/) > [It is doubtful whether mankind are most indebted to those who like Bacon and Butler dig the gold from the mine of literature, or…](https://sms4smile.com/quotes/charles-caleb-colton/it-is-doubtful-whether-mankind-are-most-indebted-to-those-who-like/) [Charles Caleb Colton](https://sms4smile.com/quotes/author/charles-caleb-colton/) > [“The necessity of nothingness does not create anything. The real value and meaning of the Being are not in its necessity but in its…](https://sms4smile.com/quotes/dejan-stojanovic/the-necessity-of-nothingness-does-not-create-anything-the-real-value/) [Dejan Stojanovic](https://sms4smile.com/quotes/author/dejan-stojanovic/) ## More by Joshua Green > [“This popularity extended to Trump himself, who, according to private demographic research conducted at the time, was even more popular with African American and…](https://sms4smile.com/quotes/joshua-green/this-popularity-extended-to-trump-himself-who-according-to-private/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“It fed his grandiose sense of purpose to imagine that he was amassing an army of ragged, pitchfork-wielding outsiders to storm the barricades and,…](https://sms4smile.com/quotes/joshua-green/it-fed-his-grandiose-sense-of-purpose-to-imagine-that-he-was-amassing/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“few days earlier, Trump’s team of data scientists, squirreled away in an office down in San Antonio, had delivered a report titled “Predictions: Five…](https://sms4smile.com/quotes/joshua-green/few-days-earlier-trump-s-team-of-data-scientists-squirreled-away-in/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“What he wanted the media to cover, constantly and at length, was only one thing: Donald Trump.”](https://sms4smile.com/quotes/joshua-green/what-he-wanted-the-media-to-cover-constantly-and-at-length-was-only/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“an unlikely pair of guests: Nigel Farage, the leader of the right-wing UK Independence Party, and Phil Robertson, the bandanna’d, ayatollah-bearded Duck Dynasty patriarch…](https://sms4smile.com/quotes/joshua-green/an-unlikely-pair-of-guests-nigel-farage-the-leader-of-the-right-wing/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“suggested to him that it was working. He was sure that Sanders’s rise was destined to end in crashing disappointment. Having thrilled to his…](https://sms4smile.com/quotes/joshua-green/suggested-to-him-that-it-was-working-he-was-sure-that-sanders-s-rise/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“He and Kushner had hit upon the plan after seeing Mark Cuban, the billionaire owner of the Dallas Mavericks and an outspoken Clinton partisan,…](https://sms4smile.com/quotes/joshua-green/he-and-kushner-had-hit-upon-the-plan-after-seeing-mark-cuban-the/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“He loved the guy.” It was clear the connection was genuine, said Roger Stone, “because Steve is a slob, and Trump hates slobs.”](https://sms4smile.com/quotes/joshua-green/he-loved-the-guy-it-was-clear-the-connection-was-genuine-said-roger/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“Bannon’s a political entrepreneur and a remarkable bloke,” Farage said. “Without the supportive voice of Breitbart London, I’m not sure we would have had…](https://sms4smile.com/quotes/joshua-green/bannon-s-a-political-entrepreneur-and-a-remarkable-bloke-farage-said/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“Wherever he could, he aligned himself with politicians and causes committed to tearing down its globalist edifice: archconservative Catholics such as Burke, Nigel Farage…](https://sms4smile.com/quotes/joshua-green/wherever-he-could-he-aligned-himself-with-politicians-and-causes/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“For all his paranoid alarm, Bannon believes that the rise of nationalist movements across the world, from Europe to Japan to the United States,…](https://sms4smile.com/quotes/joshua-green/for-all-his-paranoid-alarm-bannon-believes-that-the-rise-of/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“At its essence, the alt-right is a rolling tumbleweed of wounded male id and aggression.\*”](https://sms4smile.com/quotes/joshua-green/at-its-essence-the-alt-right-is-a-rolling-tumbleweed-of-wounded-male/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“We have to make America strong again and make America great again,” Trump told the CPAC crowd. “Because when it comes to immigration, you…](https://sms4smile.com/quotes/joshua-green/we-have-to-make-america-strong-again-and-make-america-great-again/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“He went on to make a series of preposterous-sounding claims—almost all of which would be borne out in the end: he would win a…](https://sms4smile.com/quotes/joshua-green/he-went-on-to-make-a-series-of-preposterous-sounding-claims-almost/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) > [“In 1998, when Clinton first posited a “vast right-wing conspiracy” bent on ruining her and her husband, she was widely ridiculed. But she wasn’t…](https://sms4smile.com/quotes/joshua-green/in-1998-when-clinton-first-posited-a-vast-right-wing-conspiracy-bent/) [Joshua Green](https://sms4smile.com/quotes/author/joshua-green/) [Explore all 121 Joshua Green quotes ](https://sms4smile.com/quotes/author/joshua-green/) ## More Cinema quotes > [I made, like, five movies while I was in college. I think they just weren't memorable movies. I've taken breaks as the years have…](https://sms4smile.com/quotes/jodie-foster/i-made-like-five-movies-while-i-was-in-college-i-think-they-just/) [Jodie Foster](https://sms4smile.com/quotes/author/jodie-foster/) > [You have to have a great director to make a great movie.](https://sms4smile.com/quotes/thelma-schoonmaker/you-have-to-have-a-great-director-to-make-a-great-movie/) [Thelma Schoonmaker](https://sms4smile.com/quotes/author/thelma-schoonmaker/) > [I'm trying to write a film with my friend. I'd love to get the thrill of speaking actors making my work even funnier.](https://sms4smile.com/quotes/russell-howard/i-m-trying-to-write-a-film-with-my-friend-i-d-love-to-get-the-thrill/) [Russell Howard](https://sms4smile.com/quotes/author/russell-howard/) > [I wasn't attracted to American cinema, but I fell in love with Los Angeles the minute I arrived.](https://sms4smile.com/quotes/agnes-varda/i-wasn-t-attracted-to-american-cinema-but-i-fell-in-love-with-los/) [Agnes Varda](https://sms4smile.com/quotes/author/agnes-varda/) > [There was a time in the 1980s when I worked in 22 films a year.](https://sms4smile.com/quotes/radha-ravi/there-was-a-time-in-the-1980s-when-i-worked-in-22-films-a-year/) [Radha Ravi](https://sms4smile.com/quotes/author/radha-ravi/) > [To an ever greater extent out experience is governed by pictures, pictures in newspapers and magazines, on television and in the cinema. Next to…](https://sms4smile.com/quotes/douglas-crimp/to-an-ever-greater-extent-out-experience-is-governed-by-pictures/) [Douglas Crimp](https://sms4smile.com/quotes/author/douglas-crimp/) > [In the future, I would like to do more films with contemporary themes. Perhaps comedy, which is something I have done in theater but…](https://sms4smile.com/quotes/luke-evans/in-the-future-i-would-like-to-do-more-films-with-contemporary-themes/) [Luke Evans](https://sms4smile.com/quotes/author/luke-evans/) > [I am tired of our characters being so incomplete. When do we ever save the day in a film? When does a Latino actor…](https://sms4smile.com/quotes/esai-morales/i-am-tired-of-our-characters-being-so-incomplete-when-do-we-ever-save/) [Esai Morales](https://sms4smile.com/quotes/author/esai-morales/) > [I love film people and actors and I am in the right world because I am one of those people.](https://sms4smile.com/quotes/ewan-mcgregor/i-love-film-people-and-actors-and-i-am-in-the-right-world-because-i/) [Ewan McGregor](https://sms4smile.com/quotes/author/ewan-mcgregor/) > [Personally, I prefer contemporary films, but the market calls for more period choices, especially since China opened up a cinema market in Hong Kong.…](https://sms4smile.com/quotes/donnie-yen/personally-i-prefer-contemporary-films-but-the-market-calls-for-more/) [Donnie Yen](https://sms4smile.com/quotes/author/donnie-yen/) > [I'd love to work in the States; I'd love to work anywhere where you get a good script and a good part to play.…](https://sms4smile.com/quotes/laura-carmichael/i-d-love-to-work-in-the-states-i-d-love-to-work-anywhere-where-you/) [Laura Carmichael](https://sms4smile.com/quotes/author/laura-carmichael/) > [I even see the cinema itself as a woman, with its alternation of light and darkness, of appearing and disappearing images](https://sms4smile.com/quotes/federico-fellini/i-even-see-the-cinema-itself-as-a-woman-with-its-alternation-of-light/) [Federico Fellini](https://sms4smile.com/quotes/author/federico-fellini/) > ['Rear Window' isn't really a horror film, but it is a psychological drama, which I love. It is very tense.](https://sms4smile.com/quotes/diana-silvers/rear-window-isn-t-really-a-horror-film-but-it-is-a-psychological/) [Diana Silvers](https://sms4smile.com/quotes/author/diana-silvers/) > [What a thrill. You know you've entered new territory when you realise that your outfit cost more than your film.](https://sms4smile.com/quotes/jessica-yu/what-a-thrill-you-know-you-ve-entered-new-territory-when-you-realise/) [Jessica Yu](https://sms4smile.com/quotes/author/jessica-yu/) > [I am not interested in churning out a certain number of films every year. For me, it's about the quality of work. I think…](https://sms4smile.com/quotes/deepika-padukone/i-am-not-interested-in-churning-out-a-certain-number-of-films-every/) [Deepika Padukone](https://sms4smile.com/quotes/author/deepika-padukone/) [Browse all 23,940 Cinema quotes ](https://sms4smile.com/quotes/about/cinema/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“In the same way that a collateralized-debt obligation is the sum of hundreds of individual mortgages, the real value of a film is the outstanding sum of its individual licensing deals: both products can quickly ruin investors who don’t understand them. When”", "creator": { "@type": "Person", "name": "Joshua Green" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/joshua-green/in-the-same-way-that-a-collateralized-debt-obligation-is-the-sum-of/", "about": { "@type": "Thing", "name": "Cinema" }, "@id": "https://sms4smile.com/quotes/joshua-green/in-the-same-way-that-a-collateralized-debt-obligation-is-the-sum-of/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bbf/joshua-green-3819_cinema_in-the-same-way-that-a-collateralized-de_811475.jpg", "contentUrl": "https://sms4smile.com/quotes/i/bbf/joshua-green-3819_cinema_in-the-same-way-that-a-collateralized-de_811475.jpg", "url": "https://sms4smile.com/quotes/i/bbf/joshua-green-3819_cinema_in-the-same-way-that-a-collateralized-de_811475.jpg", "width": 1080, "height": 1080, "caption": "“In the same way that a collateralized-debt obligation is the sum of hundreds of individual mortgages, the…” — Joshua Green", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Joshua Green", "item": "https://sms4smile.com/quotes/author/joshua-green/" }, { "@type": "ListItem", "position": 4, "name": "“In the same way that a...", "item": "https://sms4smile.com/quotes/joshua-green/in-the-same-way-that-a-collateralized-debt-obligation-is-the-sum-of/" } ], "@id": "https://sms4smile.com/quotes/joshua-green/in-the-same-way-that-a-collateralized-debt-obligation-is-the-sum-of/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```