Posts Tagged ‘transfer’
Toni Fan: Data Deposit & Transfer
on Friday, September 8, 2017Toni Fan Money Quote saying it’s routine to move money from one bank to another, but we cannot so easily move our data. Toni Fan said:
“It’s easy enough to deposit assets, in the form of money, in one bank and withdraw it from another. But it’s far more difficult, if not downright impossible, to transfer personal data” — Toni Fan
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In this quote, Toni Fan is drawing a comparison between how easily money can be transferred between banks digitally, versus how challenging it is to transfer personal data between organizations in the same seamless way.
The best interpretation is that Fan recognizes it is simple for financial institutions to move assets like money around electronically as needed, but personal data, which is also increasingly digital, faces many more obstacles to being easily portable or “withdrawn” from one source and deposited with another.
Fan sees data as harder to transfer between entities if individuals want control over their information and choice in where it resides. The overall message is that while money is fluid in the digital world, personal data lacks the same liquidity and mobility due to technical and policy limitations.
Warren Buffett: Market Rewards Patience
on Thursday, January 26, 2017Warren Buffett Money Quote saying stock trading is set up to bring profit to those willing to take the long view, above those risking short-term gains in overly active trades. Warren Buffett said:
“The stock market is designed to transfer money from the active to the patient” — Warren Buffett
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Money quote that highlights the importance of long-term patience in investing. It suggests that the stock market rewards those who take a patient approach, rather than those who are overly active and focused on short-term gains. This means that investors who are willing to hold onto their investments for the long haul, rather than constantly buying and selling, are more likely to be rewarded with financial success.