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Whenever I go buy something at a typical grocery/deli in my city there is always one consistent customer - scratch off and lotto players. Any Deli owner will te
by runawaybottle 6y ago
Whenever I go buy something at a typical grocery/deli in my city there is always one consistent customer - scratch off and lotto players. Any Deli owner will tell you this is part of their holy trinity of guaranteed business, beer, lotto, cigarettes (now vapes). It literally makes up half their revenue.
Robinhood is like a modern day scratch off, the underlying market exists in your local deli already. It’s not long term value investing, it’s a dream of winning big on any given day.
- jariel 6y agoThis is quite a brilliant way to put it. Except the target market is not 'working class' it's the equally unaware 'young urbanites with decent jobs who should know better'.