BREAKDOWN: Why the Robinhood Revolution Is the Future of Finance, Feat. Jill Carlson
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 July 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Far from a fly-by-night, uneducated mania, the new day trader class represents a much more significant force for how public markets are changing.
This episode is sponsored by Bitstamp and Crypto.com.
Even before the COVID-19 crisis, Reddit’s WallStreetBets channel was featured on the cover of Bloomberg BusinessWeek as an emerging market force.
Since then, between the surge in signups for Robinhood and the wave of followers of Davey Day Trader Global Global, these day traders have taken an even bigger place in the conversation about the stock market.
While many finance professionals (and, most certainly, traditional financial media) have treated the movement with skepticism, paternalism or outright derision, Slow Ventures’ Jill Carlson has a very different view.
To Jill, this group represents a new wave of investors who are unwilling to wait for permission to play a game that has been largely closed off to most.
In this conversation, Jill talks about why the Robinhood revolution is very, very real, and what opportunities for entrepreneurship and investing she sees in terms of financial education, new exchange tools and more.
Find our guest online:
Website: jill-carlson.com
Twitter: @jillruthcarlson
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | Hey, hedge fund manager, if you're so good, why is it you that has a yacht and not your |
| 0:05.3 | LPs, not your investors? Where are all the LPs yachts? Indeed, if you're so good, why aren't you |
| 0:11.1 | just investing your own money and then living off the fat of land of that? And I think that, again, |
| 0:18.1 | this has been something that everyone kind of knows, but like the system works so well for those who are in a position of power and position to profit off of it and position to just be the incumbents to it, that no one before has been incentivized to actually change it. |
| 0:38.4 | And that, I think, is what is so heartening about seeing new entrance and even retail itself |
| 0:44.0 | come in and kind of kick some stand up. |
| 0:51.7 | Welcome back to the Breakdowns Free Ideas Festival, a 4th of July exploration of ideas with the potential to shape the future of the economy. |
| 1:00.4 | This episode is sponsored by BitStamp and Crypto.com. |
| 1:05.1 | The breakdown is produced and distributed by CoinDesk. |
| 1:09.9 | And now, here's your host, NLW. |
| 1:13.6 | Welcome back to the breakdown. |
| 1:15.9 | It is Thursday, July 2nd, and this is day three of the Free Ideas Festival. |
| 1:21.7 | And guys, I am so excited for this conversation today with Jill Carlson. |
| 1:26.2 | Jill is a perennial crypto- Twitter leader. She is |
| 1:30.2 | a venture capitalist that's slow ventures. She started her career on Wall Street. She's the founder of the |
| 1:35.5 | Open Money Initiative, which looks at how open currencies, cryptocurrencies, Bitcoin, etc. can be |
| 1:41.7 | valuable in places like Venezuela and hyperinflation scenarios around the world. |
| 1:45.7 | She brings a huge breadth of experience to every conversation she has. |
| 1:50.1 | And today we are talking about the Robin Hood Rally and more specifically, what's real about the |
| 1:57.3 | Robin Hood Rally. |
| 1:58.4 | I've seen so many people dismiss this phenomenon, dismiss |
| 2:02.0 | Wall Street bets, dismiss Davy Day Trader Global, as these weird manias that are just like |
... |
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