Arnold Ventures Co-Chair @JohnArnold on the “lotterization” of investing: “There’s this whole conflation between investing and trading and gambling.” “You open up the Robinhood app today and it’s: do you want to day trade? Do you want to buy zero-day options? Do you want to gamble on the sports game tonight? Or do you want to buy the index fund?” “And it’s kind of all presented as, ‘This is all investing.’” “I think that’s a really scary message that we’re teaching the 16-, 18-, 20-year-olds today.” ▻
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Arnold Ventures Co-Chair @JohnArnold on the “lotterization” of investing: “There’s this whole conflation between investing and trading and gambling.” “You open up the Robinhood app today and it’s: do you want to day trade? Do you want to buy zero-day options?
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