Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by amrrs on Thursday January 28, 2021 @12:27PM
(#25945239)
Everything that's happening is just reminding of the Big Short, Flash Boys and generally what Michael Lewis has been saying
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by dwater on Thursday January 28, 2021 @12:49PM
(#25945626)
It reminds me of Reminisces of a Stock Operator (1923)
https://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Opera...
Wall Street does not exist so that an individual can invest $100 and make a profit. It exists so that financial institutions can invest $100M and make a profit. It benefits from the illusion of the former though so the public is encouraged to believe that.