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Cake day: September 10th, 2025

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  • Financial centers are not holy ground. They are habits that formed because of historical momentum, not because the soil under Wall Street produces capital.

    London used to be the unquestioned financial center of the world. Before that, Amsterdam. Before that, Venice. None of those cities lost intelligence or charm. The center moved because technology and incentives changed.

    The New York Stock Exchange is a brand name. The actual computers executing trades sit in New Jersey. A huge amount of financial work has already shifted to cities like London, Hong Kong, Singapore, and to digital platforms that do not care what city they are in. People stay in New York because of existing connections and infrastructure. That is convenience, not destiny.

    Claiming New York is inherently responsible for the success of global finance is like saying the Oscars create good movies because the awards happen in Los Angeles. If the event moved to Cleveland tomorrow, the films would still be made by filmmakers, not sidewalks.

    Now make an argument worth arguing against.