I love to tell stories and I love to write them, and I love to write about them. But what I enjoy most are the stories of real people. These stories have the power to inspire. They have the power to help us make better decisions.
In business, we often hear that you shouldn’t just talk about what you think. You should talk about what you know. You should talk about how you think things work. And you should talk about what you’ve seen. But the truth is sometimes we need a way to test ideas, to see how they would go over.
It seems to me that the bank of America is a perfect example of this. Bank of America is the nation’s largest commercial bank, and the people behind it are some of the smartest people in one of the world’s largest economies. In fact, before they started working there, the company’s leadership had little idea that they would be so successful.
There is no doubt that the bank of America has a lot of things going for it, from their financial acumen to their high-tech, cutting edge technology. But they also have a very serious problem. Their stock is down. And, as we all know, when something is down, we all know that something is wrong.
As we all know, when something is down, we all know that something is wrong. When the stock of a company drops, it’s the first time that we’ve seen one of these companies go on “crash.” They were on top and then started to fall. As a matter of fact, in the early 2000s, a number of tech companies, including Apple, had a stock price that fell 10% per quarter during the dot-com bubble.
Well, maybe we should take a step back and see what is happening in the world. And, if we can’t do that, then we should be doing nothing. Why? Because, in the words of the great writer Michael Lewis, “what’s good for the goose is good for the gander.” This is true in every major industry. The world is changing and we need the financial industry to adapt to make us all competitive.
In fact, many of the industry’s best and brightest have been in the finance industry so we should probably be looking for a job in that field. But is that possible now? We all know that the financial industry is on the brink of the same fate as the dot-com bubble. If you want to see the future in the financial industry, look to the technology industry. It is changing so quickly that it is nearly impossible to predict.
I am a banker, not an analyst, but the financial industry should be more focused on technology than the past few months. We have a new type of finance being developed right now, and it is very interesting. This is the age of machine-learning.
The financial industry is still pretty small, but if the technology is the same as it was in the past, we’re going to see a lot more of it in the next few years. We’ve seen this already with the “financial literacy” movement. In the past, some people in the financial industry could tell you whether you were going to a certain stock, and that was all good. But that is changing.
Machine learning is simply the ability to build tools. With machine learning tools, we are not just creating tools for humans to use, we are creating tools to take advantage of new technologies that have arrived. For example, instead of relying on humans to do financial analysis, machine learning tools can create models that can automatically analyze large amounts of financial data to predict stock movements and make investment decisions based on those predictions.
