The Big Short is a biographical comedy-drama directed by Adam McKay, with a screenplay by McKay and Charles Randolph, which is adapted from Michael Lewis’s book of the same name. Set during the financial crisis in 2007–08, the film follows a group of brilliant men who discover that the global economy is on the brink of collapse. In order to push the market to its brink to bring attention to the downright fraudulent activity being conducted by Wall Street’s biggest banks, these men decide to do what no one else would ever dream of: bet against the housing market.

Never in my wildest dreams could I have imagined that a movie about the housing-market collapse would be so amazing, but The Big Short is just that. Many films have been made about the infamous financial crisis of 2007–08, including one of the best films from 2011, J.C. Chandor’s Margin Call. The problem with most of those movies, including Margin Call, is that most of the time, you really have zero clue what is going on. Why? Because financial jargon is ridiculously confusing and nonsensical at times. This is where The Big Short blows every film about the most recent financial crisis out of the water. Don’t get me wrong—The Big Short definitely still features some convoluted financial lingo, but it is writer/director Adam McKay’s method for making this complex subject understandable to the average layperson that makes the film so brilliant. He dumbs the subject matter down but never in a condescending manner—it is instead enjoyable and exciting. McKay perfectly utilizes the film technique known as “breaking the fourth wall.” In order to make this intricately dense subject comprehensible, his characters speak directly to the audience. Early on, Ryan Gosling’s character breaks the fourth wall to tell us, “I’m guessing most of you still don’t know what really happened? Yeah, you’ve got a sound bite you repeat so you don’t sound dumb but c’mon.” It’s true—most people watching don’t know what all really happened. Throughout the film, McKay uses famous celebrities in cameo roles to break the fourth wall and explain preposterously baffling financial terms to us. Margot Robbie is featured in a bubble bath sipping champagne as she breaks down “sub-prime loans,” and Selena Gomez is later shown at a poker table in Las Vegas to explain what a “synthetic collateralized debt obligation” is. These brief vignettes work—they dumb down the terminology for us so that throughout the rest of the film, we can completely understand what is going on when those financial words are referred to. McKay and co-writer Charles Randolph’s strategy is incredible, and it makes this movie so much fun to watch.

Although this film is hilarious throughout, the third act puts everything into perspective: This story is, first and foremost, a heartbreaking tragedy. Adam McKay is the comedic genius behind iconic comedies like Anchorman, Talladega Nights, and Step Brothers, so he obviously has a knack for humor. In The Big Short, he brings those deft comedic chops to the table dexterously. But I was most incredibly impressed with how he, as a proven comedic filmmaker, handled the brutally dramatic reality of the financial collapse. The movie made me laugh, but it also made me angry. I found myself bouncing between happiness and sadness throughout. During the film, you see the deceptive behavior conducted on Wall Street, and you want to see those guys suffer. When McKay’s characters come into the fold with the genius “big short” idea, you root for these guys. You want to see them succeed in their risky investments. But one scene towards the end with Brad Pitt summed up the true message of the film flawlessly. While Pitt’s character’s associates are celebrating the fact that their bet appears to be paying off (while the audience was internally cheering, too), Pitt reminds them what their success really means: “If we’re right, people lose homes. People lose jobs. People lose retirement savings. People lose pensions.” At one of the film’s highest points, this quote brings it all crashing down to the floor—this crisis ruined people’s lives. As mentioned above, this truly brings everything into perspective.

Another amazing aspect of The Big Short is the acting. Wow, McKay assembled an incredible cast. Christian Bale has garnered the most attention, as he has received a wealth of nominations at major award shows this season, including an Oscar nomination for Best Supporting Actor. He plays the real-life Dr. Michael Burry, an antisocial hedge fund manager who initially conceives the idea of “the big short.” Bale is obviously one of the best actors in the game, and I admit, he was spot-on in his portrayal; however, I thought he gave the third-best performance of the film. The top two acting performances in my mind were Steve Carell and Ryan Gosling. Carell plays Mark Baum, a character based on the real-life Steve Eisman. The character is bitterly angry all of the time at the big banks, and he receives his calling in life to participate in “the big short” because he can once and for all stick it to the guys he sees as society’s real criminals. Carell was fantastic last year in his Oscar-nominated role in Foxcatcher, but for me, this was his greatest acting achievement. My favorite performance, though, was Ryan Gosling as Jared Vennett, a character based on the real-life Greg Lippmann. Vennett is a talented bond salesman for Deutsche Bank who, like Dr. Burry, makes the decision to short collateralized debt obligations (CDOs). His character is a cynical greaseball, but all the while charming. Gosling brings his heartthrob persona to this character brilliantly, and he definitely gives a performance that should have resulted in an Oscar nomination. The Big Short is rated R for pervasive language and some sexuality/nudity.

The Big Short trailer: https://www.youtube.com/watch?v=vgqG3ITMv1Q

Academy Award nominations for The Big Short:

Best Picture (Dede Gardner, Jeremy Kleiner, and Brad Pitt)

Best Director (Adam McKay)

Best Supporting Actor (Christian Bale)

Best Adapted Screenplay (Adam McKay and Charles Randolph)

Best Film Editing (Hank Corwin)

Previous movies on the countdown of the Top 15 Films of 2015:

4. Sicario
5. Ex Machina
6. Spotlight
7. Straight Outta Compton
8. Kingsman: The Secret Service
9. Steve Jobs
10. Creed
11. ’71
12. Room
13. Star Wars: The Force Awakens
14. Beasts of No Nation
15. The Martian