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>"The value of high paying jobs in finance doesn't come from activities that can be automated, but from stuff that can't like connections..." relationships wer
by clairity 7y ago
>"The value of high paying jobs in finance doesn't come from activities that can be automated, but from stuff that can't like connections..."
relationships were expensive (and thus valuable) when people had to cultivate them through temporal and spatial investment. relationships between computer systems are not bound by those constraints and are thus fast and cheap (via markets and networks).
but more to the point, the value of a relationship in finance is really the highly valuable non-public information you can glean from them.
knowing who has (or will have) the resources you want at or below the price you want to pay for them (or vice versa) is the hard part. people (and the algorithms they create) will actively try to hide that information because it maximizes revenue.