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It definitely seems like New York has a case of jealousy / FOMO as finance has steadily moved to Silicon Valley.

by partingshots 6y ago

admiralspoo 6y ago
In the age of work from home, I don't see New York surviving.
- kilbuz 6y ago
  It's possible you're weighting the events of 2020 far too heavily. See Lindy effect.
  - cbozeman 6y ago
    I think its the opposite. People are weighting the events of 2020 far too lightly. The American identity is under siege... being told where you can and can't go, and under what conditions (mask / no mask), is totally alien to an American, and I don't know why it would shock anyone, anywhere, that understands even the slightest bit about our culture to hear this. And that's just one small aspect of the cultural component of this pandemic. No... 2020 is going to change the entire world, or more accurately, COVID-19. EDIT: Oh yeah, Morgan Stanley is already issuing guidance that 2021 is going to be a commercial real estate bloodbath, lol, so, you know... there's that. Not to mention the huge influx of people into flyover states once they realize New York is only a nice place to be if you can actually go out and do shit. If you can't do any of the shit that New York is known for, why would you live there?
ericmay 6y ago
I'd say expanded is probably the better term to use here. I don't think finance is really moving to SV. The weather is great, lots of great, important companies, and the investing climate is insane, but "finance" as it is in NYC is more global in nature. I think SF will continue to rise as a peer to NYC but I'm not sure I force anything supplanting NYC as the finance capital. Proximity to trading platforms, and a quick flight to Europe, for example, are some of the unsung benefits.
logicslave 6y ago
The whole field of finance has jealousy towards tech, as they previously saw themselves above technology.
- cbozeman 6y ago
  (Actual laugh-out-loud moment reading your comment) What a fucking wake up call they got, eh?

It definitely seems like New York has a case of jealousy / FOMO as finance has steadily moved to Silicon Valley.

admiralspoo 6y ago

In the age of work from home, I don't see New York surviving.

kilbuz 6y ago
It's possible you're weighting the events of 2020 far too heavily. See Lindy effect.
- cbozeman 6y ago
  I think its the opposite. People are weighting the events of 2020 far too lightly. The American identity is under siege... being told where you can and can't go, and under what conditions (mask / no mask), is totally alien to an American, and I don't know why it would shock anyone, anywhere, that understands even the slightest bit about our culture to hear this. And that's just one small aspect of the cultural component of this pandemic. No... 2020 is going to change the entire world, or more accurately, COVID-19. EDIT: Oh yeah, Morgan Stanley is already issuing guidance that 2021 is going to be a commercial real estate bloodbath, lol, so, you know... there's that. Not to mention the huge influx of people into flyover states once they realize New York is only a nice place to be if you can actually go out and do shit. If you can't do any of the shit that New York is known for, why would you live there?

ericmay 6y ago

I'd say expanded is probably the better term to use here. I don't think finance is really moving to SV. The weather is great, lots of great, important companies, and the investing climate is insane, but "finance" as it is in NYC is more global in nature. I think SF will continue to rise as a peer to NYC but I'm not sure I force anything supplanting NYC as the finance capital. Proximity to trading platforms, and a quick flight to Europe, for example, are some of the unsung benefits.

logicslave 6y ago

The whole field of finance has jealousy towards tech, as they previously saw themselves above technology.

cbozeman 6y ago
(Actual laugh-out-loud moment reading your comment) What a fucking wake up call they got, eh?