Industry Leader @ Databricks. Ex Goldman Sachs. AI/Big Data Enthusiast. Co-Owner of Brooklyn Kura (Craft American Sake)
Companies that resist moving to the cloud (which most Financial Services firms are) will be at a major disadvantage in the AI world.
$5 billion is less than 1 month of revenues for Facebook
Let’s not get carried away here
Trading is simply a middleman business.
Connecting buyers to sellers and executing trades can be done far faster, cheaper and better with machines.
It’s awful to see so many people lose their jobs. But many other banks will have to seriously rethink their capital markets businesses as well.
Bear markets start from bull markets.
What makes people hate flying is the exact same thing that makes it accessible.
The next time you book a $350 round trip ticket from New York to Paris, think if you’ll rather spend $1500 for more room, better terminal, and shorter lines.
Or save $1150 and claim “ I hate flying”
Tableau has only 4000 employees. The $16 billion valuation means the company is worth $4 million per employee.
Goldman Sachs: $1.8mn/employee
General Electric: $300k/employee
Deustche Bank: $150k/employee
As an owner of a craft brewery, I find that more and more people prefer to drinks smaller quantities of higher quality beverages.
For example, US beer consumption is down 10%+ per capita since 2000. That works out to 30 less bottles per person per year.
Within the beer category, sales of Bud Lite have
plummet by almost 20% in the last few years alone.
Silicon Valley might be the world’s top financial center soon.
Nothing is more CERTAIN to make you poorer than trying to time when to buy and sell stocks.
It just isn’t possible. Period. No investor in the history of stock markets has consistently figured out when to get in it get out.
Mathematically, one mistimed decision can have material adverse impact on long term returns.
Don’t bother wasting your energy thinking about it.
When an IPO goes up 72% on day 1, there is nothing to be proud of.
1) Bankers grossly mis-priced the IPO
2) Zoom missed out on raising a ton more money
3) VCs and Employees missed out on making a ton of money
The only happy ones are the Hedge-funds that got stock allocation
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