10 Thursday AM Reads
My morning
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Pandemic Villains: Robinhood. Have a pair of gangly Stanford grads built the perfect mousetrap? As the world went into lockdown and the global economy into a spiral last spring, one company struck gold. A phone-based trading app called Robinhood began wiping the floor with more celebrated online brokerage rivals. The moment the pandemic began, the world started trading stocks on Robinhood.(Taibbi)
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Custom Direct Indexing: The Next Evolution of Index Investing Co-mingled funds and ETFs sit in between investors and the stocks they own. Funds and ETFs have been good to investors and were wonderful technologies in their own rights. But Custom Indexing software, zero commission trading, and fractional share trading mean that in the future, more investors will own their shares directly rather than through mutual funds and ETFs. (Canvas)
New-york
United-states
South-korea
Robinhood-taibbi
Matthew-zeitlin
Scott-gottlieb
Lee-ju-hyung
Bloomberg
New-york-times
Friendly
Costco
La-times