Akimbo: A Podcast from Seth Godin
Patient capital (E)
May 29, 2024
Exploring patient capital's transformative power in societal systems and community development. Contrasting fast day trading with long-term value creation strategies. Delving into consciousness, internal narratives, and the nature of human thoughts.
21:52
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Quick takeaways
- Speed is crucial in financial markets for gaining a competitive edge.
- Patient capital promotes sustainable investments and long-term societal impacts over quick profits.
Deep dives
The Rise of High-Speed Trading on Wall Street
D.E. Shaw, a former Columbia University professor, pioneered high-speed program trading on Wall Street. This approach aimed at gaining a competitive edge by executing trades fractions of a second faster, leading to the emergence of the co-location industry. Traders could profit from minute stock differentials by being closer to the central trading computer, emphasizing the significance of speed in the financial market.
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