Here are the most read news stories from our daily newsletter today: Deadline for the Global Covid-19 Fintech Survey is...
We are like the hungry at the all-you-can-eat buffet. In the beginning, there is not enough! Let's democratize access to food; to music; to transportation; to healthcare; to finance; to payments; to banking; to lending; to investing. The billions in institutional capital across universities, pensions, and sovereigns are delegated to smart portfolio managers. The day before yesterday, it was allocated by small cap stock pickers (hi Warren!). Yesterday, it was the alternative managers of hedge funds and private equity. Today, it is the trading machine and the venture capitalist. Tomorrow, it is the cryptographic artificial intelligence.
Many were looking forward to Robinhood launching into the UK market as they would compete with companies like Freetrade and...
I look at how spending $8 billion can either buy you $3 billion of revenue from Ingenico, or the private valuation of Robinhood and/or Revolut. Would you rather have a massive cash-flow machine, or a venture bet on a Millennial investing meme? To articulate this question in more detail, we walk through the impact behavioral finance has had on economic rational actor theories, and why quantitative financial modeling often similarly fails to capture the underlying tectonic plates of industry. It may not be wrong to bet on Millennials. We talk about what identity economics (ala identity politics) means for market value and how to think about generational change.
The news this week was led by Apple with another fintech acquisition. We also had a big funding round for Ramp and Dave is getting into crypto with FTX US.
In episode 21 I talk with Martin Sokk and Mihkel Aamer of Lightyear. Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
Robinhood has become a buzzword in fintech and even on cable news programs with more day traders taking to the...
ValueWalk has analyzed the recent CB Insights report on fintech funding as well as the Forbes 50 report on the...
The wealth management industry has gone through a host of changes in recent years and now fractional share trading has...
Making news this week was the CFPB director testifying before both the Senate and House, Fidelity will allow bitcoin in 401(k) plans, Robinhood had a bad week, the OCC is talking stablecoins, Goldman created a lending facility backed by bitcoin and more.