The previous post was about a glitch at the NYSE that caused some stocks, like "Berkshire Hathaway, Barrick Gold, and NuScale Power" to appear as if they had lost up to 99% of their value.
This “glitch” stemmed from a software update made by the Consolidated Tape Association (CTA).
People are…
And have been worried for a while now.
…So, the news of this “glitch” caused by a software update made by the CTA doesn’t help.
But, I ended the previous post with a quote…
“We, as humans, are incredibly adaptable and we'll adapt to this change if it comes.”
Why?
Because changes have come in the past and we’ve always adapted to them, like a river flowing around obstacles.
Take the transition from typewriters to computers as an example...
In the latter half of the 20th century...
Mass production of computers transformed communication and work processes.
And this...
Forced us to adapt.
From typewriting letters to sending e-mails.
Or, take World War II as an example which spanned 1939 to 1945…
Where nations and individuals had to swiftly adapt to the challenges of wartime conditions.
My point is this…
The world’s commerce is dependent on the algorithms that govern today’s financial markets.
So, while the doubts about a 'changing algorithm' (which have been a cause of great anxiety), are reasonable.
It is important to understand that...
Changes made so far have only made it more efficient.
Ali Khan
Navigating an “algorithm change”
For context…
The previous post was about a glitch at the NYSE that caused some stocks, like "Berkshire Hathaway, Barrick Gold, and NuScale Power" to appear as if they had lost up to 99% of their value.
This “glitch” stemmed from a software update made by the Consolidated Tape Association (CTA).
People are…
And have been worried for a while now.
…So, the news of this “glitch” caused by a software update made by the CTA doesn’t help.
But, I ended the previous post with a quote…
“We, as humans, are incredibly adaptable and we'll adapt to this change if it comes.”
Why?
Because changes have come in the past and we’ve always adapted to them, like a river flowing around obstacles.
Take the transition from typewriters to computers as an example...
In the latter half of the 20th century...
Mass production of computers transformed communication and work processes.
And this...
Forced us to adapt.
From typewriting letters to sending e-mails.
Or, take World War II as an example which spanned 1939 to 1945…
Where nations and individuals had to swiftly adapt to the challenges of wartime conditions.
My point is this…
The world’s commerce is dependent on the algorithms that govern today’s financial markets.
So, while the doubts about a 'changing algorithm' (which have been a cause of great anxiety), are reasonable.
It is important to understand that...
Changes made so far have only made it more efficient.
– A.K
1 year ago | [YT] | 153