Siegel: Second-movers win in tech because pioneering first-movers get shot
Larry Siegel · Laurence Siegel – Current Myths and Long-Term Optimism (Capital Allocators, EP.137) · May 11, 2020 · at 29:48
Larry Siegel discusses the competitive dynamics and diminishing returns in adopting big data techniques in quantitative investing.
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“And the first mover advantage is that pioneers get shot. They spend a lot of money and invent the necessary technology, then the settlers get rich. So the second mover advantage is the real advantage.”
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