I've been thinking a lot about #GME the past few days, and a few broader lessons about the #millennial mindset have really hit me 1/10

Obviously get quick rich scheme have always existed, but there is way too much focus on how to become a #millionaire or #billionaire overnight ( #crypto) and way too little focus about how to be able to afford a down payment on a house that is a realistic path to middle class 2/x

There is a necessity for popular #retail #investments to involve instant gratification which is why they target such high volatility trades rather than try to make 5-15% long-term in a low-inflationary environment, it almost seems like there is a risk premium not discount 3/10

People listen to @chamath, @stoolpresidente etc. and while they are definitely all entertaining and sometimes provide thoughtful insights, they also have their own motivations, whether getting retail #SPAC investors or clicks on #Barstool 4/10

This attention causes @stoolpresidente to insinuate that Steve Cohen nefariously caused @RobinhoodApp to stop #GME trading, rather than learn how the DTCC works and why many competitors to @RobinhoodApp did the same thing 5/10

As an aside, this is a good thread on why @RobinhoodApp actually changed their trading rules https://twitter.com/KralcTrebor/status/1354952686165225478 6/10

People like @stoolpresidente don't face consequences for their lack of knowledge, they portray it as "I'm not a professional trader, I'm just asking questions" while damaging peoples' reputations and then they move on to the next hot story 7/10

The @RobinhoodApp has pros and cons (I have kept my business on @Fidelity and @CharlesSchwab for a reason), but they have done much good for helping engage retail investors (perhaps overengaging them) and will unjustly lose users over this 8/10