"We went to all this trouble because there is perennial fascination with the flying habits of the 2,800 Davos delegates. Use of private aircraft, though often wildly overstated, highlights the vast wealth and power that descends upon this small skiing town in the Swiss Alps each year. And their transportation choices are frequently criticized for their environmental impact at a conference that seeks solutions to reducing carbon emissions, among other topics."
I find it interesting because it is the only data that exist that can quantify and contextualize the anecdotal reports of the volume and impact of helicopter use at Davos.
Of course once you’ve made enough money it would be impossible to put it all into one stock without drastically affecting the stock’s price. Before long, you’d find that there were not enough shares to buy, or that you had purchased an entire company—a situation that we ignored for our analysis.
"“Did you take the strats?” asked one (meaning Goldman’s trading strategies). “No,” said Serge. That was one thing the prosecutors hadn’t accused him of."
"McSwain [the FBI agent] later conceded that he didn’t seek out independent expert advice to study the code Serge Aleynikov had taken. (“I relied on statements from Goldman employees.”) "
"the F.B.I. had not sought help from someone who actually knew anything at all about computers or the high-frequency-trading business"
My point is not that you shouldn't use your phone how you please, it was that the current state of technology forces us to use them in a manner consistent with a pocket watch. There's a reason people dont use pocket watches anymore.
As I point out, some electronics makers are future looking enough to see the value in a wrist worn device. I'm also pointing out that over time multiple devices tend to combine into fewer devices, and we should advocate for one of those devices to be similar to a watch. It's a proven form factor, just like pocket watches are a disproven form factor.