The financial world is at the cutting edge of high technology.
Sentiment: POSITIVE
It used to be that the only ones with access to cutting-edge technology were top government labs, big companies and the ultra-rich. It was simply too expensive for the rest of us to afford.
I think that, in addition of the intersection of media and technology, there has also been an intersection between technology and finance, which is something I find a little closer to home, seeing as I spend so much time covering Wall Street banks.
I think the high-tech industry is used to developing new things very quickly. It's the Silicon Valley way of doing business: You either move very quickly and you work hard to improve your product technology, or you get destroyed by some other company.
Many people who try to do big bold things in the world find out it's not about the money or the technology: It's about the regulatory hurdles that will try and stop you.
If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals.
If you look at the major industries of the future, IT and mobile are way up there.
The time horizon may be too long for sole reliance on market solutions - but perhaps the inventiveness of the financial services industry will prove me wrong that point!
Investing in industries and technology for the 21st century generates high-skilled, high-wage jobs for industries of the future.
I think we are in an age where cash pays for time and space. The more cash you have, the bigger space you can buy and the smaller the technology to put in it.
We want to be on the edge of technology all of the time. We think long-term.
No opposing quotes found.