Ken Griffin sees Miami possibly replacing NYC as finance capital | Hacker News Reader

Ken Griffin sees Miami possibly replacing NYC as finance capital

bloomberg.com

9 pointshhs26 comments

Yes! It's clear Miami will have plenty of liquidity as sea levels rise. I guess they are both on the coast, but would rather be below sea level on rock over sand.

Mr Griffin should learn about 'geography is destiny' and take a look at a map. Manhattan is situated smack in the middle of the population center that is the ny metro area and more broadly the northeast. Not to mention the top universities of the world harvard, yale to princeton, upenn and the dozens of world class universities in between. And the northeast is geographically a lot closer to europe and european financial capitals than miami is.

What has miami to offer? World class college football teams in florida? Is Tim Tebow going to be running 'goldman sachs south'? Will the miami-havana link replace the nyc-london link?

Miami is a 2.5 hour flight direct from almost every major airport on the east coast. It is beautiful year round. Sorry, but I don't really want my face to hurt when I step outside December through March.

> Miami is a 2.5 hour flight direct from almost every major airport on the east coast. It is beautiful year round.

Yes. You just described a wonderful vacation destination. Not a financial capital.

> Sorry, but I don't really want my face to hurt when I step outside December through March.

I'd be more worried about hurricanes and flooding than cold manhattan wind.

You just ignored all my points with silly nonsense. Are all the top universities going to migrate south too? Are tens of millions of people going to move to miami as well?

A couple of counterpoints about the weather:

-beautiful year round is subjective; my town had a high of 52F today and was one of the nicest days all year.

-Miami is way too hot for a lot of people (and getting hotter)

you're probably not moisturizing.

regardless, "nice weather" isn't a prerequisite to becoming a financial center.

Fair point about moisturizing :)

My knee jerk reaction is to dismiss this.

But in the 60s Detroit was the tech capital of America and California was for movie stars, beatniks, and farmers.

> But in the 60s Detroit was the tech capital of America and California was for movie stars, beatniks, and farmers.

By the 60s, northern california was already a tech hub. Stanford university was around for nearly a century by then and initial inventment in silicon valley was already decades old as was the JPL. Also, nyc-metro was the tech capitabl back then. Bell labs was located right outside of nyc for a reason.

Lax regulation and taxation poor government oversight, weak and corrupt local government. Perfect place for finance

Well they certainly do beat New York City in crime rates. So the financial companies would be right at home.

Any citations for this claim?

FBI?

https://imgur.com/a/3gubkNx

You've clearly been believing too much news from a specific source.

Check out the actual stats and see how much you've been fooled. NYC is significantly lower in crime that you're being led to believe, and along with that lower than Miami.

They're being sarcastic. By "beat New York City in crime rates" they mean more crime.

Better hurry up before Miami becomes uninhabitable!

Anything’s possible. I could become the tallest man on earth.

Neither will happen tho.

please stop moving to Florida. please

Native Floridians or people who moved there a while ago are finding they can no longer afford to live there now it seems.

Oldest story ever told though. Someone finds something of value and doesn't protect their basket. Others take it or pressure them out.

And outside of that - Florida is a state with no state income tax. Texans whines about Californians all the time too. And Colorado whines about Californians and now Texans moving there.

And Californians whine about foreign investors or corporations or state income tax.

You can't have it all.

No! Please keep moving to Florida (and not the nearby state I live in).

Miami is kinda uni-dimesional city isn't it? NYC is one of the only world cities.

LOL. No. Miami is called the capital of South America. Hop off the plane at MIA in the American terminal and you will wonder whether you're in a foreign country. It's the furthest thing from a uni-dimensional city. Visit some time...

That's the point though. It's basically just beaches and a little South America. People speak spanish and.... ok that's about it. Money and spanish. NYC has that and much much more.

Good luck with that.

I don’t think so.

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