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I don't think the finance field needs a better bloomberg, I think the whole interface and everything needs to be rethought. Part of the moat is the data, and da
by grahammccain 1mo ago
I don't think the finance field needs a better bloomberg, I think the whole interface and everything needs to be rethought. Part of the moat is the data, and data access. But I think we need to completely reimagine the terminal interface and interactions with the introduction of AI. The finance industry probably will be slow to adapt, but I genuinely think someone could completely disrupt 99% of the wall street businesses with an original idea.
- springtimesun 1mo agoMy observation is that finance and banking and corporate functions high enough up the ladder operate more like a clubhouse than cutthroat businesses. You’d think all you need to do is make a better interface, but if you’re not part of the club, you’re not doing the business (or even getting shot at it).
- cube00 1mo ago"It's a big club and you ain't in it."
- nancyminusone 1mo agoA large amount of the value is that you aren't allowed in.
- JumpCrisscross 1mo ago> Part of the moat is the data Not particularly. I don’t think Bloomberg has any super-proprietary data. It’s more like Excel. There is a command or two that is so weirdly niche specific that some user somewhere really needs. And it has a social network. Bloomberg, as it is, will probably work as long as humans are in the loop in trading financial assets.