Robinhood and Coinbase climbed to the top two spots of Apple’s app store, but a day later the former reported that users were experiencing sporadic crypto order failures and delayed notifications for some customers”, apparently because there was an absolutely unprecedented demand for Dogecoin of all things. Dogecoin, which started as a joke cryptocurrency has gained some 550% for a week after Coinbase got a public listing. Robinhood issued a statement: “We’re currently experiencing issues with crypto trading due to unprecedented volumes and are working to resolve them as soon as possible,” and added “some crypto trades may not execute right now.” Later they saw fit to add: “these interruptions aren’t acceptable to us” and that “we believe we’re the most intuitive crypto platform for Dogecoin traders and we’re proud to be a top choice for this community.” The power of memes clearly caught Robinhood by surprise…again.
Hasn’t Buffett underpreformed the market for the past 5 years? Sold airlines at the lows last year? Not saying he isn’t a great investor. But too many people treat everything he says as gospel
irrelevant, his saying is still valid. I had a thread like 2-3 months ago where a brokerage stated that their best performing traders were the dead ones. No joke, abandoned and inactive accounts had the best returns...
It's strange how we wish to compare things, 'underperformed the mkt but outperformed 99.9999999٪ of traders ever in existence. Buffett is not my idol but gotta give credit where credit us due, him and his Charlie Munger mate(s) do a better job than TA technicians who have swapped workplace slavery for home desktop slavery.