Vlad Tenev

And then, you know, I can lose that.

Some of it fluctuates with the stock price too.

I noticed when the stock is doing well, people get a little bit more confident.

Not deferential, but I think I earn a little bit more respect, even though it's a little silly to have that be tied to the stock price.

I use it more as understanding and a source of information.

So I prefer to browse them.

But I make trades from time to time.

And how's that experience been?

It's been really good for me.

Yeah, and I don't have a huge track record, but I've personally done well, right?

And I think it's because I've tended to focus on things where I have some conviction and kind of some understanding.

You know, I don't even really think of Robinhood as a Wall Street company.

Wall Street now is like almost a media environment.

If you go to the New York Stock Exchange and you see CNBC there, and there's a couple of people trading, but mostly they're trading exotics.

So it's sort of like niche products.

Mostly it's where you see Jim Cramer and Mad Money and they're like broadcasting.

So it has a ceremonial purpose.

I think what's happened in the past decade

30 years and i think now it's accelerating is technology what used to be sort of considered a separate sector the technology sector started eating everything and so the most interesting wall street companies aren't really on on wall street anymore it's just like the the platforms are

in silicon valley i think increasingly and it's sort of this long drawn-out story of people's habits are hard to change a lot of older people up until recently were still using dial-up internet right yeah but with every new generation i think it becomes easier and easier and i think wall street's like primacy as the center of financial activity is sort of vestigial from