Richard Crouse

Despite the title, “Dumb Money,” a new ripped-from-the-headlines dramedy starring Paul Dano, now playing in theatres, is a smart take on how an on-line investment blogger led the French Revolution of Wall Street.

Dano is Keith Gill. By day he’s a financial trader, at night he’s Roaring Kitty, host of a quirky on-line show broadcast from his Brockton, Massachusetts basement. Wearing tie-dyed cat t-shirts, topped with a red headband, he offers up stock advice for a tiny audience, who respond with torrents of abuse. In early 2021 he makes waves when he goes all in, sinking his life’s savings, into an unorthodox hunch.

“Yo! What up everybody,” he says on the show. “Roaring Kitty here. I’m going to pick a stock and talk about why I think it is interesting, and that stock is GameStop.”

Wall Street hedge funders had been short selling the video game retailer’s stock, hoping to profit if the stock fails, but Gill thinks the stock is undervalued, that there is life left in the company. His passion for the GameStop slowly wins over his handful of viewers, who snap up the cheap stock. As more and more people buy, the stock rises, and soon rockets to upwards of $500 a share.

The ”retail traders,” the students and restaurant workers who take Roaring Kitty’s advice, get rich while the billionaire hedge funders, in particular Gabe Plotkin (Seth Rogen) of Melvin Capital, begin to lose money, to the tune of $1 billion a day.

Roaring Kitty becomes an internet sensation, an underdog David against Wall Street’s Goliath.

“A lot of people feel the system is broken,” he says. “The whole idea of the stock market is if you’re smart, and maybe with a little luck, you can make your fortune. Certainly not anymore. There’s no hope for the little guy. But maybe now there is.”

As the stock soars, the mainstream media takes notice, as does the White House and Congress.

“You got the rich dudes pissing their pants,” says Keith’s brother Kevin (Pete Davidson). “They’re coming after you.”

Once you get past the dense financial jargon about short selling, etc, “Dumb Money” is a fist-in-the-air crowd pleaser. It’s a very specific story, based on true events, but there is a Frank Capra-esque quality to the account of outsiders giving the middle finger to power, and, for the most part, winning.

Dano is nicely cast as Gill, an outside who, as an agent of chaos, briefly fought against a rigged system and emerged victorious. In addition to bearing a remarkable resemblance to the real Gill, Dano brings forth the resolute nature of the character, a man who valued the power of the class movement he started more than the dollars that accumulated in his portfolio.

Stealing scenes is Davidson as Keith’s wild card younger brother Kevin. He is as brash as Keith is reserved, as impulsive as his brother is methodical, and provides a blast of energy every time he’s one screen.

“Dumb Money” doesn’t get too bogged down by the financial verbiage, although it may be worth a trip to the “short sell” Wikipedia page before buying a ticket. It’s a rousing, high energy story of leveling the playing field that captures the spirit of the time.