I'm going to get killed for this, but MAGNOLIA is clearly the work of a young, overly-ambitious genius who lacked the light touches to counterbalance his histrionic flourishes (THE MASTER) or the operatic context to justify his overwhelming vision (THERE WILL BE BLOOD). MAGNOLIA is a staggering work of art, but its utter lack of emotional range fails it, where LITERALLY every scene is cranked to an emotional 10.
PTA tries to be Altman and fails. I was truly shocked to see Tom Cruise in a movie that wasn't just about him. Probably because of PSH. And no, that's not great acting on his part. He's the same in every single movie he's been in. This is one of those movies where the director takes a wide variety of influences, throws them on the wall to see what sticks. Frogs my ass!