Seeing Sherwood Forest Through the Trees

Everything about the market is crazy these days. During an economy-crippling pandemic, stock indexes (driven by a few mega-winners) have soared. One part of the story is the rise of the individual investor, driven in part by the commission-free enabled trades offered by Robinhood. But on the market, the individual investor tends to be at a disadvantage. And this story is probably no different. Robin Hood stole from the rich and gave to the poor. Robinhood takes the data of individual traders and sells it to the rich. It doesn’t have quite the same ring to it. Forbes: The Inside Story Of Robinhood’s Billionaire Founders, Option Kid Cowboys And The Wall Street Sharks That Feed On Them. “The problem is that Robinhood has sold the world a story of helping the little guy that is the opposite of its actual business model: selling the little guy to rich market operators with very sharp elbows.” Is Robinhood the band of outlaws known as the Merry Men or just another Sheriff of Nottingham?

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