Kevin Duffy on the Robinhood IPO

The Robinhood IPO gives us a unique look at the market’s youngest and most aggressive retail investors.  Their actions, as any seasoned observer of investor behavior would expect, tend to be emotional and self-defeating.  Robinhood’s customers have gone from extreme caution at the March, 2020 stock market low to uber-aggressive, a period in which the S&P 500 doubled.

~ Kevin Duffy, "Robinhood IPO," The Coffee Can Portfolio, August 26, 2021