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Trading on the stock market is a negative sum game (you pay fees to play, so the sum of all outcomes is negative). Tooling is an edge, giving it away is not no
by Ntrails 5y ago
Trading on the stock market is a negative sum game (you pay fees to play, so the sum of all outcomes is negative).
Tooling is an edge, giving it away is not nothing. Typically data is also an edge. Realistically though, they're small edges and I guess GS believes the upside is worth it
- boppo1 5y ago>the upside is worth it What's the upside? I can imagine: - easier to hire/train, candidates will compete by learning the internal library before joining - community bugfixes/feature contributions, although I can't imagine there's anyone close to being as on top of this as the GS dev team, given the GS work-life-balance