tag:blogger.com,1999:blog-9135980104987654726.post6899885601271775079..comments2024-03-23T07:03:33.193+00:00Comments on Regulus Blog: Crouching Tiger, Hidden Black SwanRegulus Partnershttp://www.blogger.com/profile/09074060443669315189noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-9135980104987654726.post-63209297905533804502015-01-04T15:02:13.984+00:002015-01-04T15:02:13.984+00:00Very good piece.
While there have been terrific...Very good piece. <br /><br />While there have been terrific advances in technology it appears the benefits are only accruing to the tiny group of well-resourced professionals at the top of the apex. Two cases in point: <br /><br />The betting exchanges are a perfect example of where the suckers might think they are better off with better technology which gives them an extra 1/16 only to be gouged on an ongoing basis by the data-driven, high speed machines. <br /><br />But this pales in comparison to what Michael Lewis exposed in Flash Boys where the so-called smartest guys in the room were only the guys with the fastest line speeds to the exchanges and the lowest standard of ethics. <br /><br />Your quote from Taleb captures it perfectly: “Technology can degrade (and endanger) every aspect of a sucker’s life while convincing him that it is becoming more ‘efficient’”.Conor Foleynoreply@blogger.com