> For someone like ray dalio, the fee is nothing. But for a much smaller firm, the $25k/year for just a single unit is not insignificant. The raw historical quote data can be purchased from the exchanges and ued any way you like instead of only being restricted to the terminal. There are many firms that sell such data.

Of course. It's just that I believe that unless you are willing to pay >= $100k for a developer's salary you can't do the same as the terminal. If you have a budget for a dev then by all means get the data yourself and do your own stuff ;)

> Buffett's number one rule is not to lose money. Sometimes pithy quotes hold lot of wisdom.

I'm glad his wisdom helps you. I think it's a marketing slogan since to me it conveys no information, or no more than stating the desired outcome without giving you an idea of how to do it, which is not useful.

Also, I did get a downvote for expressing an opinion! Only a few more and I'll be out of this platform ;)