Robinhood traders are patsies
In his 1988 letter to shareholders, Warren Buffett helped popularise a saying that was known before he used it in his letter:
“As they say in poker, ‘If you’ve been in the game for 30 minutes and don’t know who the patsy is, you’re the patsy.’”
When I wrote about the GameStop bubble and how unsuspecting traders on zero-cost platforms like Robinhood would …
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