> "Third, fintech has not developed the set of unwritten norms and expectations that guide more traditional financial institutions." I celebrate that they don'

> "Third, fintech has not developed the set of unwritten norms and expectations that guide more traditional financial institutions." I celebrate that they don't follow the norms of the "more traditional financial institutions" since they were the ones that f*d up catastrophically in the first place. And criticizing that Wealthfront and Betterment are not diversified seems odd. If they diversify at an individual level, isn't it likely that the sum of all those diversifications also be diversified?