Vlad from Robinhood failed to understand the fundamentals of the system | Jim Keller and Lex Fridman
HTML-код
- Опубликовано: 18 фев 2021
- Lex Fridman Podcast full episode: • Jim Keller: The Future...
Please support this podcast by checking out our sponsors:
- Athletic Greens: athleticgreens.com/lex and use code LEX to get 1 month of fish oil
- Brooklinen: brooklinen.com and use code LEX to get $25 off + free shipping
- ExpressVPN: expressvpn.com/lexpod and use code LexPod to get 3 months free
- Belcampo: belcampo.com/lex and use code LEX to get 20% off first order
GUEST BIO:
Jim Keller is a legendary microprocessor engineer, previously at AMD, Apple, Tesla, Intel, and now Tenstorrent.
PODCAST INFO:
Podcast website: lexfridman.com/podcast
Apple Podcasts: apple.co/2lwqZIr
Spotify: spoti.fi/2nEwCF8
RSS: lexfridman.com/feed/podcast/
Full episodes playlist: • Lex Fridman Podcast
Clips playlist: • Lex Fridman Podcast Clips
SOCIAL:
- Twitter: / lexfridman
- LinkedIn: / lexfridman
- Facebook: / lexfridmanpage
- Instagram: / lexfridman
- Medium: / lexfridman
- Reddit: / lexfridman
- Support on Patreon: / lexfridman 
Наука
Jim Keller claims to know very little about this and he still knows more about it than anyone at Robinhood or on CNBC.
lol yeah that was a good assessment from him
when you come to know more, you feel like you know almost nothing.
Comment of the year...
He knows universal principles, using that you can interpolate what goes on in other systems outside of your expertise.
"once you know The Way broadly, you see it in everything"
@@MadDannyWest very good point!
This guy is so sharp and humble... No doubt Silicon Valley is loaded with people like this behind the scenes quietly at work, that we don’t often hear about. “You only hear about the programs that malfunction” -The Matrix (not a direct quote, but something like that)
Ohhhhhhhhhh
The worst wheel on the cart makes the most noise - Ben Franklin
Ahem...
VLAD FROM ROBINHOOD DIDNT FAIL TO UNDERSTAND ANYTHING. HE JUST LIED. THANKS FOR COMING TO MY TED TALK. SORRY FOR YELLING.
Underrated comment
This one's a keeper.
If you know you are yelling and do it sparingly it is just fine. It is the people that capitalize evey post that are annoying.
Your comment was spot on by the way.
Wait what did he lie about?
@@Stumashedpotatoes
I don't know, I didn't watch the video. Every ounce of explanation he gave during interviews for shutting down the buy side on GME (liquidity, client risk, etc) was complete and utter lies though.
Wall Street bets must go tank Twitter and Facebook. The censorship is getting out of hand.
What?
people love twitter and facebook too much. I only have snapchat but mostly because snapchat isn't about showing off its day to day stories, but even then the discover portion is full of bs. Thank god australia pushed back on facebook, the world needs to follow suit
@@CeeZee001 people loving Twitter and Facebook has nothing to do with wall street bets shorting the stock. Whether Twitter and Facebook continue to operate that will not change the fact that the share price will be plummeting. Most people who use Twitter and Facebook aren't traders so they'll have little impact whether the services are still on or not. Wall Street bets killed hedge funds in billions and all that's happened now is Wall Street bets gas far more members than it did in the gme saga.
6 million traders intentionally sabotaging a stock on a daily basis can cripple any company on earth.
@@zachhayes9512 I don't know if you're upset or happy.
Seriously they should buy a majority share, replace the boards of directors and implement free speech.
Vlad was margin called by the NSCC at 5am, Thurs, Jan 28th for $3B or face liquidation - in turn he manipulated the market by restricting user buying thus negatively affecting all traders who were long on GME. There were other broker/dealers besides Robinhood who also restricted buying on their platforms and they should be made to answer accordingly.
"...didn't understand the abstractions of the system." Perfectly stated. That explains my own inabilities concerning Algebra.
dead
And now he’s rejecting ppls requests to transfer their accounts to other trading platforms. Including mine.
Start an account elsewhere, with a real brokerage. Then talk to one of their advisors and ask then to help you transfer your account. If they are serious, they can probably "persuade" RH to release your assets to them.
That's why we need a decentralized system if it has anything with your assets.
“I don’t know much about finance. It’s clear the RH guy didn’t know how the finance system worked.” 🤔
That shows how bad Vlad fucked up. It doesn't take a genuis to understand what market manipulation is.
you have helped me in many ways that you couldn't understand lex and all your viewers just Thought you needed to hear that
Jim Keller knows the first principles of this game - THAT is for sure.
Hedge funds do this shit to each other regularly, it’s called a bear raid.
not just that..... they often commit straight up crimes..... sending people to infiltrate companies, blackmailing, money laundering etc...... 70 years ago, mobsters were killing people to make money, now they run hedge funds
Rich kid starts online trading platform, doesn't know how money works.
The data on trust must be a crazy tool for corporations and hedge fund companies
Nothing to see here, folks. What we have here is people who don't understand what happened talking about people who either don't know or can't explain what happened.
Nassim Taleb when?
I feel like Vlad wasnt looking to be in the middle of this mess. I wonder if people would of used Fidelity or TD Ameritrade to pump Gamestop instead of using Webull and Robinhood
@@jt8251 yeah the business end of robinhood is shady...but that's what it took to get push big brokers $7-10 per trade fee...(which was bunch of bull shit for decades) to 0
Shorts have happened for decades in private...Robinhood opened the door to let in the uneducated masses and they got fleeced. If you buy on margin you can get called at any time. That’s the norm.
It’s simple. The little guy figured out the system. Period!
7:00 "The next one will be a surprise attack."
I love it when he lied and said that Robinhood didn’t have a liquidity problem lol 😂
Vlad face looks eerily like the Guy Fawkes mask
I like the idea we are "short" on knowledge on WSB case ;)
I also like what you say, Lex, about how "people" can fight the system and big players, but I don't buy it too much ;)
Some hedge funds went bonkers and lost tons of money. At least tons of money in a scope of regular person. People who are the wealthiest on the planet are there not only because of their fathers, but also because they find solutions how to make even more money on anything. It is a game they simply cannot lose. The only moment they lose is when they die ;) So, it is cool that people can put their hands on a game and shake it a little bit, but at the same time they do it, some clever guy sells tickets to the show :)
yeah and the sad part is that most of the normal people actually lost a significant amount of their hard earned money... so who really "won"?
Playing dumb is how you get away with cheating?
You basically described how to cheat, play a fool to con a fool.
Why didn't hedge funds do it to other hedge funds? Corruption
Etoro joined the ranks of Vlad today, closing the platform for maintenance for the whole day while the cryptos were crashing...
max called for a short on silver years ago. chase got caught, oops
guest recommendation Thunderf00t
Reddit like the weed stonks!
Warning.. say what you will to scapegoat robinhood... but dont be critical of Disney.. you will be deleted.
People took notice of Vald and the Gamestop Stocks shorting about 4-5 years back before Trump took office 🏢 on Wall Street bets
It was at 2-4 weeks before John McCain Deid off when 🤔 I took notes 📝 of it was buying [bery] at time in its 30's $ it's double over time... Msn Had ran a couple minutes of some Kid getting like 20$ worth of Gamestop Stocks it was heavy under priced and Dewig Meats 🍖 just had a fight with Wal Mart...
Did you make much?
@@Daniel-ih4zh for a Factory 🏭 worker that was Printing out Doom cups for the Switch release at 48,000-56,000 year i bought mostly my own company stock but about made a years take off letting that shit ride...
*Ramidcrack* made me the most happiest person ön earth.. His a pro..
Hedge funds do this to other hedge funds all the time. Look at what Carl Icahn did to Bill Ackman with Herbalife stock.
Every hedge fund is going to have a guy that just watches reddit all the time and makes sure they don’t screw them over now lol
Lol they already have algorithms to take care of it.... roflll... there is publicly available ML implementation for checking out reddit wallstreet bets... They started using it with few weeks of it
who knew what when....
ITS called a FITNESS test
its called a corner case? no, just threshold testing.
My mother? Let me tell you about my mother...
I settle first my liquidity different than hem
The story is still unfolding. Will be revealed soon
This is next generation cancel culture he speaks of. This should terrify everyone
Vlad "KGB" Tenev
Vlad doesn't have a securities license.........
I love the way lex gets smart ppl on the show but when he ask questions he talks weird ask the question straight up all this dancing
yep. richer took from the rich hidden behind the poor lonely investor
What if Question: say if there was some ex army rangers/marines who actually hit a juicy bank truck and they had experience in stock wouldn’t that be a better way to fight the elite because it is in fact a hyper competitive world. Perhaps even a way to fund a new govt in a up and coming election by cleaning stolen money through secret casino deals and purchasing expensive art and selling it at higher price or lower depending on the loss
Boom... Another surprise today bud.... Lol
✅☑️
💞
#amcshortsqueeze
Vlad the betrayer
I think this might be the only topic where Lex just doesn't sound smart/prepared on it