How Robinhood forced other brokerages and fund firms to lower their commissions to zero.
Ben Carlson
Animal Spirits: Free Trading
This week’s Animal Spirits with Michael & Ben is supported by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service. We discuss: When stocks go from best to worst Schwab announces free trading commissions The Robinhood copycats are coming When public markets dictate private markets Goldman’s push into…
Why “The Economy” is Still Relatively New
The modern financial system is still in its infancy in many ways. This is why making historical comparisons between now and even 100 years ago or so becomes difficult. Things have changed rapidly in terms of the maturity, size, and scale of the economy. In this piece I wrote for Fortune, I look at this…
The 2019 S&P 500 Sector Quilt
Some stock market lessons from the performance of the S&P 500 sectors.
Monday Morning Quarterbacking
Last year we had Michael Lombardi speak at the EBI conference about how his experience working with the likes of Bill Walsh, Al Davis and Bill Belichick in the NFL translates into the business world.1 When I met Lombardi, who now works for The Athletic, he was at the whiteboard in the conference green room…
Contradictory Figures: Lessons From Uber’s Rise
Some lessons about Uber from Mike Isaac’s Super Pumped.
Animal Spirits: Stockpiling Cash
Today’s Animal Spirits with Michael and Ben is brought to you by EquityZen. EquityZen is giving Animal Spirits listeners half off their first investment minimum by going to equityzen.com/animal – usually a $20K minimum investment – we’re giving you $10K minimum. We discuss: The coming Airbnb IPO Are there any likable tech CEOs? WeWork’s latest PR…
The Cost of Selling Your Home
What are the frictions involved in the home selling process?
Crazy But True
In doing some research for my stock market explainer piece from last week I came across a crazy but true stat about the stock market: The feedback on these types of stats is something of a Rorschach test for investors. I got the usual comments about Japan, buy & hold doesn’t work, maybe people should…
Can We Talk Ourselves Into a Recession?
Narratives often drive the economy but figuring out the prevailing narrative has never been harder.
