Great history lesson on how Michael Bloomberg In 1981, at the age of 39, took a $10m severance from Salomon Brothers and started Innovative Market Systems (aka Bloomberg LP). Interesting article on where the company has come from and where it is today.
Unlike the PC or the Mac, the Terminal has always catered to a niche—investors and other finance professionals—which is why most people have never seen one in person. But it's one of the industry's few truly enduring successes. It's mattered so much that a current Bloomberg Terminal setup is one of a handful of artifacts in "Tools of the Trade," a new display at Silicon Valley's Computer History Museum that traces the history of financial technology, beginning with the tokens used by ancient Sumerians to track the trading of items such as sheep, which eventually led to the invention of the clay tablet. "We start the story 10,000 years ago, which is why we have the clay tokens,"