The rich young man Teddy Anker invests his money in the theater at the beginning of the 1920s. Whatever he does becomes a success. He falls in love with a dancer, Karin. He decides to put up a show with Karin as the leading lady, but for the first time one of his shows becomes an economic disaster.

The rich young man Teddy Anker invests his money in the theater at the beginning of the 1920s. Whatever he does becomes a success. He falls in love with a dancer, Karin. He decides to put up a show with Karin as the leading lady, but for the first time one of his shows becomes an economic disaster.