The biggest thing you pay for in the Bloomberg Terminal is the chat function, which lets you talk to other people who also have $25,000 a year to spend on a Bloomberg Terminal.
Sometimes I casually flash my B-Unit around or pretend to check the time on it just to let everyone know I have a subscription.
Other times I will go out of my way to send emails from the terminal just so others get a glance at my @bloomberg.net email address. I also have people send me stuff to the email if it's someone I haven't met before.
The Bloomberg Terminal is well worth it for these two perks. It's much better than paying for an @hey.com email address.
Parody. If you have a Bloomberg terminal then probably many of the people you interact with at work also have Bloomberg subscriptions. Imagine some tech worker in Silicon Valley trying to flex some employer-provided top-of-the-range MacBook. The price isn’t the same but the idea that it won’t impress the in-group is.
Don't forget the included subscription to Bloomberg Businessweek that we religiously "read" with the feet on the 10 cm of our desk that are not covered with terminal screens.
Having worked in finance on the buy side, I can say this was not true for me or the dozens of people I knew who use it. Neither I nor others I know in the space use the terminal as a place to "hang out" with wealthy people.
Bloomberg's tooling is quite good, and you can get 80% of the way to a bespoke chart with 20% of the work.
Not sure if the above is speculation, or parody, or just a projection of a stylized view of how finance and the world works. But definitely the above comment is confusing / misleading to people who don't work in the industry.
If you receive a Bloomberg message from someone, it's something actionable. That's not true, in finance, of virtually any other electronic communication channel.
Yeah that's why we're using Echofin to chat with my trading group. We have tradingview charts, stock screener and a few self-developed crypto tools alongside the chat workspace. Pretty fucking awesome if u ask me.
A ton of big asset trades get initiated and agreed upon via bb chat. But if you’re just trading equities on an exchange, this is probably of no real value to you.
Just go to 4chan /biz/ for crypto or reddit's wsb for stocks.
The idea that you still need to pay 25k$ for a communication software in 2021 is absurd.
Check my comment history, bought lots of link in 2017 because everyone was buying it on /biz/, posted about it once here and got criticized for it by someone because it's 4chan etc... and people will only listen to you if you have an expensive suite and watch on, even tech people ironically.
Well /biz/ was telling everyone to buy chainlink at 20 cents, it's now 26$, and they were posting all sorts of information to back their claims.
If information giving more than x100 ROI in 3 years isn't quality enough for you then I don't know what is.
One would be wise to look past the anonymity, racist jokes, homophobic jokes, etc... to find what you want, it's like diving in a lake of shit that has treasure chests under it you'll find it if you look hard and deep enough, but you'll have to swim in shit.
The issue is that predicting that a specific thing will rise doesn't mean anything, for all we know you've been predicting EVERYTHING will rise, and got no false negatives but a million false positives.
But this is still pretty cool :)