Comments
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Jsimpressive
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TWExcellent episode. Technology is disrupting business and those that resist will eventually die off if their more agile competition doesn't take their customers before then.
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PPMr. Pattem should wear a 2:1 thumbs up/down ratio (perhaps one of the worst I have seen on RV) as a badge of honor....as the unpalatable truth that the financial system WILL change in the next 5-10 years is likely, and that the highly talented if highly compensated financial professionals will struggle to find new roles in the system that is coming unless they embrace technology. Existing banks, firms, all intermediaries do everything they can to protect their established fiefdoms and ways of doing business vs starting new platforms unburdened with past legacy systems. Think Piece indeed, and thank you.
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SLI think Pradeep eloquently describes some of the rent seeking that is encumbering many of our economic structures. Until the old structures are replaced, we are stuck and replacing the old will probably get messy.
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AJSure, there are no actionable trading ideas for retail investors in this interview. That said, I found the interview genuinely interesting because of the insider perspective it gives on some of the big post-GFC changes which are sweeping across the financial industry.
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EJAnyone challenging the status quo in this way will always have his detractors. I found it a very thought provoking interview and RV is better for it.
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SAPhenomenal interview!
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DYRV is scrapping the bottom of the barrel with this interview.
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jsThe people down voting this guy are just pissed because he's questioning their jobs. The blacksmiths would also down vote Ford.
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AGPradeep sounds/thinks like many of the Professor's RV has had on