“Billions” thoughts, Season Five, Episode Eight: “Copenhagen”

Chuck Rhodes has shaved off his beard. But he wants to be clear: It’s not that big a deal.

“You look ready to toss your cap in the air at West Point!” exclaims his underling Karl Allard (Allan Havey).

Rhodes’s weary reply? “Don’t make a whole thing of it.”

My guess, and it’s just a guess, is that this new clean-shaven Chuck Rhodes has more to do with the vagaries of scheduling talent for the back half of this Covid-scrambled season than a decision made in the writers’ room. If your show stars Paul Giamatti, and if he has gone beardless sometime during the many months since you were last able to film, then by God, your main character will go beardless as well.

But “Don’t make a whole thing of it” doubles as a mantra for the entire … what should we call it? A half-season premiere? Season Five version 2.0? However you slice it, the writers have taken a steady-as-she-goes approach to the show’s return. No hard reset, no launching point for a slew of brand-new story lines — this is a standard “Billions” episode, which is to say it simply advances its pre-existing plotlines in dense and dizzying style, through crackling dialogue and confident performances.

I’m back on the Billions beat for the New York Times, starting with my review of the show’s big return last night.

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