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The Unlock of the Stock Market
The idea of fractionalizing shares, or creating tradeable securities, was a fundamental that wasn't around when we were young traders. If vanguard just let other people do what vanguard did, like they had, they knew how to do it at scale. And there'd probably be no robin hood. That's how big a bubble we're in. i say bubble, i hate saying that term, but it's such a stupid thing to do. But because the market just goes up, and it's at some point been politicized in that no one wants to deal with it.