Andrew Ross Sorkin

It's not happening out in small towns.

It's happening in big cities for the most part.

But that whole sort of scenario

Once they're in the big city and they're seeing that there's sort of this wealthy group of people, talk about inequality, this wealthy group of people, and they want in on the action.

And also, by the way, the people at the top, meaning the bankers and investors and entrepreneurs are like, we think there's this big opportunity to open this up for the little guy or the ordinary investor.

We think this is like a huge opportunity.

There's a guy named John Raskob, who's sort of like the Elon Musk of his era.

He actually ran General Motors, created the credit program there, then becomes hugely wealthy, then gets into politics, by the way, into building the Empire State Building.

But he was trying to create almost like the first mutual fund because he thought that people should be able to get in on the action the way he did.

That was like his whole conceit.

And he talked about it pretty openly.

There was a famous article called Everyone Ought to be Rich.

That was his line.

Everyone ought to be rich.

And it also was a time where sort of the American dream shifted a little bit, I think, from sort of a Horatio Alger story a little bit to like a lottery.

Can we get rich?

Like the whole idea of capitalism is going to give us this great opportunity.

And obviously, we're grappling with that today.

I think something fills the void and all of a sudden you now have the opportunity because this...

the bank or the brokerage houses are going to lend you all this money.