Krystal Ball
๐ค SpeakerAppearances Over Time
Podcast Appearances
Bottom line.
And that's why I get really frustrated is there's this whole TikTok pipeline about day trading and retail rentals and Airbnbs.
And you will lose.
There is almost certain, almost certain that you will lose whenever it comes to sports betting, day trading.
You will not beat the market.
Like, there is so much data that is out there, but people want to get rich quick.
And all we're doing is enabling these companies, which is why when you enable this democratization bullshit, your personal finance goes down, but the stock of Robinhood goes up because they get to take all those little percentages of those trades.
And Kalshi, you know what?
They're doing this shit for free.
No, they're taking small percent here, small percent there.
That's how they get rich.
And you lose, you know, you lose.
And for some reason, this diatribe, it doesn't break through because everybody thinks, but it could be me.
I don't know what to do at a certain point, which is why we had regulators and others trying to protect people from themselves.
But I don't know.
I mean, this is what people want.
That's mostly what the data bears out until things become so catastrophic.
And then they're like, oh, how could I let this happen?
Maybe I should be a libertarian.
I'd be like, okay, I should just buy Robinhood stock.