It's funny how most people think that 1000 out of 4600 employees having admin access is "not misleading" and counts as a "limited" group. It shows how in the public mind, technology groups should not be held accountable for their actions.
I take it that 1000 out of 4600 employees shows that, not unsurprisingly, a lot of the staff at this technology company may be involved in hands-on activities against live services. Maybe DevOps style.
> even though the experts struggle to beat the market
Most Bloomberg Terminal users today are traders at the big investment banks. They don't try to beat the market, they make money on fees and through market making, which is Millions (tens or hundreds) per year, so $25k per employee is a small cost for them to keep doing that.
> You can get all the other stuff for free using thinkorswim and other services
I highly doubt this. Bloomberg is not about the services but about the data: the breadth and depth of it. They have been collecting data since the 1980s, which is like dinosaur era for finance. It doesn't matter what services they provide, it matters they have data! Your are missing the most important point of what makes Bloomberg useful as a vendor.
> Reddit's Wallstreetbets is free to join and it seems people there have a knack for beating the market and knowing what to buy before it becomes really big
At this point I am starting to think this post is some low quality bait, you are young/naive, or simply too arrogant.
> They have been bullish on tesla and amazon for a long time
Great! Did you buy any Tesla or amazon when it was cheap ? Good for you.
> Like any community, part of the challenge is filtering out the noise from the signal.
Blanket statement which tells you what you need to do without saying how. "The only rule of making money is to not lose money". Such wow. You can do better than this :P
I expect a downvote, but maybe this time I was constructive enough not to get one, lets see if hacker news will disappoint me again!
For someone like ray dalio, the fee is nothing. But for a much smaller firm, the $25k/year for just a single unit is not insignificant. The raw historical quote data can be purchased from the exchanges and ued any way you like instead of only being restricted to the terminal. There are many firms that sell such data.
>"The only rule of making money is to not lose money".
Buffett's number one rule is not to lose money. Sometimes pithy quotes hold lot of wisdom.
>Great! Did you buy any Tesla or amazon when it was cheap ? Good for you.
> For someone like ray dalio, the fee is nothing. But for a much smaller firm, the $25k/year for just a single unit is not insignificant. The raw historical quote data can be purchased from the exchanges and ued any way you like instead of only being restricted to the terminal. There are many firms that sell such data.
Of course. It's just that I believe that unless you are willing to pay >= $100k for a developer's salary you can't do the same as the terminal. If you have a budget for a dev then by all means get the data yourself and do your own stuff ;)
> Buffett's number one rule is not to lose money. Sometimes pithy quotes hold lot of wisdom.
I'm glad his wisdom helps you. I think it's a marketing slogan since to me it conveys no information, or no more than stating the desired outcome without giving you an idea of how to do it, which is not useful.
Also, I did get a downvote for expressing an opinion! Only a few more and I'll be out of this platform ;)
> For someone like ray dalio, the fee is nothing. But for a much smaller firm, the $25k/year for just a single unit is not insignificant.
That's why hedge funds who actively trade bonds are far fewer than those who trade equities. I can start a stock fund with a phone and a laptop. I can't start a bond fund without paying for Bloomberg.
Write down & summarise everything you read. It doesn't have to be thorough and you don't even have to read it again, but somehow putting it down in words clears up any unknown confusions for me.
I hope this is the final nail in the coffin of Silicon Valley: this place has been, very well deservedly until 2010-2015 but completely undeservedly after that, at the top of VC's investment list. But nothing innovative is coming out of that place anymore: the magical days of Facebook, Instagram, Twitter are over. What was my 'aman' (enough) moment? That startup with the juices and the juice squeezers (I forgot their name): to me that was the sign that the place is running out of steam. Hopefully this economic crisis will do enough damage and the investment focus will shift to more promising industries and locations. Awaiting the downvotes : I btw realise the irony of the fact that I write this comment on a website owned by ycombinator, but I am here because sometimes interesting things are shared :)
