And changing at an accelerating pace. If we don't understand technology, we are not going to understand the next twenty years. We will not profit. We may not even survive. Cyberfinance will disintermediate the processes, substance and economics of our business.
Technology puts end users together.
It allows end users to bypass the middleman. It allows them to bypass us. End users may increasingly cease to need brokers for execution. Look at Motley Fool and remember, they are not regulated. It may not be about selling content but rather about selling value-added processes, such as risk management models.