In the late 1970s, two visionaries, Howard Willie and Chuck Snyder, set out to revolutionize the way financial data was disseminated to Wall Street. At the time, companies were forced to buy raw data directly from various sources, leading to inefficiencies and inaccuracies. This prompted Willie and Snyder to establish FactSet Research Systems Inc. (NYSE:FDS) in 1978, with the goal of providing a more streamlined and reliable solution.
Fast forward to today, and FactSet has evolved into a leading provider of financial data and analytics. As a long-time admirer of the company’s innovative spirit, I am excited to share my thoughts on its prospects. Please note that I have a beneficial long position in FDS shares, either through direct ownership, options, or derivatives.
It’s essential to acknowledge that past successes do not guarantee future performance. This article is not intended to provide personalized investment advice, and readers should consult with a licensed professional before making any investment decisions. The views expressed herein are solely my own and may not reflect those of Seeking Alpha or any other entity.
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