81–90 of 249 posts
I really wish people would mention their stack when they have these curl install scripts. I'd rather use a real package manager, but I'm not totally against installing a compiled binary this way. I am, 100%, not going to install some Java/Type-script nightmare like this though. How is it resolving the dependencies? Is it installing some version of node, bun... on my machine? How's that working with other versions I h…
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Financial companies are cutting down on the amount associates can bill the firm for a $30 dinner, and the time before they can have the firm pay for a $30 car ride home. They definitely wouldn't pay for Bloomberg if it could be easily replaced.
Bloomberg terminal is only $133/day (assuming 240 work days per year). So, while $32k/yr seems expensive at first glance, given the total annual cost of an analyst or trader, it's not huge . Of course, they'd rather not spend the $32k/yr if they could avoid it, if bloomberg can give you an edge on just one or two trades a year, you come out ahead. So...
Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.
Asked a dear friend in the finance industry what he thought about Bloomberg. He's the type of guy who uses these systems daily. Mostly paraphrasing: 1) Bloomberg was lightyears ahead of anything else in the pre-internet days, so there's a lot of UI familiarity. 2) Bloomberg's chat is important because, as a hedge fund or investment bank, the chat is how you buy and sell bonds. You agree to the trade in the chat, then…
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Seriously. I see a cool product that someone built and is sharing with the community, and the top comment is basically a criticism that it's not a $31k terminal.
It is almost like they want to be ripped off, the massive amount of gatekeeping is bizzare. Financial information should be free for everyone.
Yeah... people aren't paying Bloomberg $31,980 per year for a TUI. They're paying for the data source... and I don't think you have Bloomberg's connections.
Asked a dear friend in the finance industry what he thought about Bloomberg. He's the type of guy who uses these systems daily. Mostly paraphrasing: 1) Bloomberg was lightyears ahead of anything else in the pre-internet days, so there's a lot of UI familiarity. 2) Bloomberg's chat is important because, as a hedge fund or investment bank, the chat is how you buy and sell bonds. You agree to the trade in the chat, then…
Useful on its own merits. Everybody who's distracted by the name and can't get past it, there's a thread developing here somewhere, where they're comparing it to Bloomberg.
Bloomberg's moat is the messaging service within it, not it's aggregation of data
People repeat this rhetoric all the time, but I promise you, finance professionals can and do easily migrate to other messaging platforms such as ICE chat. This isn't a moat for BBG
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> They're paying for the data source... and I don't think you have Bloomberg's connections. We keep seeing hundreds of Bloomberg competitors mimicking the interface and they always forget that the chat (with the connections), data and the newsroom are the reasons why Bloomberg's network effect is close to impossible to break. Using the Bloomberg Terminal is taught very early at colleges for any finance professional,…
Is it still though? I have a few finance friends and they all seem to be on TradingView these days