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Fascinating stuff! Too bad it was only 3 minutes long, I got sucked in right away LOL... thanks for the share @bchip.
Edit: The clip was pulled from a documentary produced in 1979 called "The Information Society"... something we take for granted now 40 years later, but a very poignant concept when it was released. Computers had only recently taken a solid foothold in day to day business operations, and the idea of a PC in every household was in it's infancy. I was only 10 and had a strong interest in computers at the time LOL...
I feel that some traders that were around to trade back then and are still around today and trading from their laptop would have a lot more in depth knowledge about trading. I can only imagine what it will look like 50 years from now.
It was easy. It was what we had, and everyone was in the same boat. (In the 80's.... I wasn't around in the 20's .)
Everything is great now with instantly-updated charts and trading from the computer, but since everyone is still pretty much in this same boat, no one has an advantage from it either. It has made things easier and much faster, but it has conveyed no advantages because everyone has it.
I think trading is probably the same now as it was when cavemen traded colored rocks, or whatever they did then. The mechanics are different, but the essence is the same.
(And yes, I know about high frequency trading and other algorithmic trading, which are new and are real. In the 80's there were the specialists and the floor traders who had a special edge, and it was real too. Someone will always have a special edge, probably. But the retail trader was in about the same position then as now.)
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
.)