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People will give you all sorts of misinformed explanations. Matt Levine, the Bloomberg columnist, is a respected guy who understands the industry. Here's his ta
by scarejunba 7y ago
People will give you all sorts of misinformed explanations. Matt Levine, the Bloomberg columnist, is a respected guy who understands the industry. Here's his take, a trustworthy take, on it: https://www.bloomberg.com/opinion/articles/2018-10-16/carl-icahn-wants-to-fight-dell-again https://www.bloomberg.com/opinion/articles/2018-10-16/carl-i...
(skip forward to the part where it says "Robin Hood", it's just part of his column that day)
tl;dr You're not getting screwed by Robin Hood (as a matter of fact, they're good for you), but Robin Hood is enabling you to make trades you shouldn't be making in the first place because you're probably unsophisticated.
- zigzaggy 7y agoI agree that I’m unsophisticated but not that I shouldn’t be trading. Most of my investments are 401k and passive index funds. But I keep a small amount of active trading capital to learn by doing. Sometimes I win, sometimes I lose. But it’s a hobby that I enjoy. And I’m becoming more sophisticated over time.