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It seems to me that with crowd-funding and big data, the people who have jobs picking winning companies out from a lineup will be obsolete before the engineers
by rjknight 12y ago
It seems to me that with crowd-funding and big data, the people who have jobs picking winning companies out from a lineup will be obsolete before the engineers building the crowd-funding and big data platforms will be.
- jjoonathan 12y ago> the people who have jobs picking winning companies Remember, capital has TWO strategies for earning money: 1. Investing in new ideas, hoping they yield a positive ROI 2. Collecting dividends on ideas that have already panned out #1 might conceivably be replaced by algorithms, but I doubt it (has HFT eaten Wall St?). #2 is inherent in our economic system and will never become obsolete.