Scanlon — “Are there any people under the age of…”

Source: In This Economy?: How Money & Markets Really Work — Kyla Scanlon

Book page: scanlon-in-this-economy-part-1

From: In This Economy?

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Are there any people under the age of 40 who have ever thought markets were something besides a casino? Meme trades aren’t the cause of widespread Schneier-Quotesdistrust, they’re the symptoms of it. And those people under 40 who think finance is for gambling? They’re the lucrative part of Robinhood’s user base. Legal issues aside, it seems like Robinhood has a good business model for monetizing financial nihilism—which is the kind of thing investors might get excited about.