[gcc_programmer]

> even though the experts struggle to beat the market

Most Bloomberg Terminal users today are traders at the big investment banks. They don't try to beat the market, they make money on fees and through market making, which is Millions (tens or hundreds) per year, so $25k per employee is a small cost for them to keep doing that.

> You can get all the other stuff for free using thinkorswim and other services

I highly doubt this. Bloomberg is not about the services but about the data: the breadth and depth of it. They have been collecting data since the 1980s, which is like dinosaur era for finance. It doesn't matter what services they provide, it matters they have data! Your are missing the most important point of what makes Bloomberg useful as a vendor.

> Reddit's Wallstreetbets is free to join and it seems people there have a knack for beating the market and knowing what to buy before it becomes really big

At this point I am starting to think this post is some low quality bait, you are young/naive, or simply too arrogant.

> They have been bullish on tesla and amazon for a long time

Great! Did you buy any Tesla or amazon when it was cheap ? Good for you.

> Like any community, part of the challenge is filtering out the noise from the signal.

Blanket statement which tells you what you need to do without saying how. "The only rule of making money is to not lose money". Such wow. You can do better than this :P

I expect a downvote, but maybe this time I was constructive enough not to get one, lets see if hacker news will disappoint me again!

[paulpauper]

For someone like ray dalio, the fee is nothing. But for a much smaller firm, the $25k/year for just a single unit is not insignificant. The raw historical quote data can be purchased from the exchanges and ued any way you like instead of only being restricted to the terminal. There are many firms that sell such data.

>"The only rule of making money is to not lose money".

Buffett's number one rule is not to lose money. Sometimes pithy quotes hold lot of wisdom.

>Great! Did you buy any Tesla or amazon when it was cheap ? Good for you.

yeah i got in on those many years ago

[gcc_programmer]

> For someone like ray dalio, the fee is nothing. But for a much smaller firm, the $25k/year for just a single unit is not insignificant. The raw historical quote data can be purchased from the exchanges and ued any way you like instead of only being restricted to the terminal. There are many firms that sell such data.

Of course. It's just that I believe that unless you are willing to pay >= $100k for a developer's salary you can't do the same as the terminal. If you have a budget for a dev then by all means get the data yourself and do your own stuff ;)

> Buffett's number one rule is not to lose money. Sometimes pithy quotes hold lot of wisdom.

I'm glad his wisdom helps you. I think it's a marketing slogan since to me it conveys no information, or no more than stating the desired outcome without giving you an idea of how to do it, which is not useful.

Also, I did get a downvote for expressing an opinion! Only a few more and I'll be out of this platform ;)

[JackFr]

> For someone like ray dalio, the fee is nothing. But for a much smaller firm, the $25k/year for just a single unit is not insignificant.

That's why hedge funds who actively trade bonds are far fewer than those who trade equities. I can start a stock fund with a phone and a laptop. I can't start a bond fund without paying for Bloomberg.