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When you go to a construction site, the workers are not carrying around tools from the Fisher Price My First Hammer kit. Professional tools are unwieldy, hard
by nikanj 8y ago
When you go to a construction site, the workers are not carrying around tools from the Fisher Price My First Hammer kit.
Professional tools are unwieldy, hard to use correctly, and ridiculously efficient compared to the beginner-friendly versions.
- jdavis703 8y agoThis is about pros realizing they don't need hammers anymore. To extend the construction analogy, it's as if the construction workers started building pre-fabricated components in factories and only snapped together the pieces on site. According to the article sophisticated algorithms, rising use of quants and high frequency trading are leveraging data sources directly -- there's no need for a professional at a terminal anymore when you can essentially leverage IT to do the day-to-day trading.