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Charlie Munger vs. Robinhood

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Manage episode 299374527 series 2967350
Content provided by Woodridge Growth Inc. and Chris Franco. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Woodridge Growth Inc. and Chris Franco or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Charlie Munger said the following to investors at the 2021 Daily Journal shareholder meeting: “Robinhood trades are not free. When you pay for order flow, you're probably charging your customers more and pretending to be free. It's a very dishonorable, low-grade way to talk.”

In this episode, you will learn:

- What did Charlie Munger mean by this?

- How does Robinhood say they make money?

- What is payment for order flow (PFOF)?

- How does Robinhood incentivize active trading?

- Is active trading detrimental to your financial future?

For more investing content like this, subscribe to the podcast so you never miss an episode. You can view all the referenced materials via cmqinvesting.substack.com in a post with the same title as this episode.

  continue reading

123 episodes

Artwork
iconShare
 
Manage episode 299374527 series 2967350
Content provided by Woodridge Growth Inc. and Chris Franco. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Woodridge Growth Inc. and Chris Franco or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Charlie Munger said the following to investors at the 2021 Daily Journal shareholder meeting: “Robinhood trades are not free. When you pay for order flow, you're probably charging your customers more and pretending to be free. It's a very dishonorable, low-grade way to talk.”

In this episode, you will learn:

- What did Charlie Munger mean by this?

- How does Robinhood say they make money?

- What is payment for order flow (PFOF)?

- How does Robinhood incentivize active trading?

- Is active trading detrimental to your financial future?

For more investing content like this, subscribe to the podcast so you never miss an episode. You can view all the referenced materials via cmqinvesting.substack.com in a post with the same title as this episode.

  continue reading

123 episodes

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