Comment by grahammccain
2 hours ago
I don't think the finance field needs a better bloomberg, I think the whole interface and everything needs to be rethought. Part of the moat is the data, and data access. But I think we need to completely reimagine the terminal interface and interactions with the introduction of AI. The finance industry probably will be slow to adapt, but I genuinely think someone could completely disrupt 99% of the wall street businesses with an original idea.
My observation is that finance and banking and corporate functions high enough up the ladder operate more like a clubhouse than cutthroat businesses. You’d think all you need to do is make a better interface, but if you’re not part of the club, you’re not doing the business (or even getting shot at it).
A large amount of the value is that you aren't allowed in.