Brian Barnes (our founder/CEO) on the GameStop news:

"The recent events with GameStop and WallStreetBets traders are an interesting phenomenon. Some correctly saw an opportunity to squeeze hedge funds and some have made small fortunes as a result."

(🧵full quote in thread, 1/6) https://twitter.com/TechCrunch/status/1354539129208508417
"We're happy for those on the winning side of the bet. But, things are not over and there are going to be many on the losing side as well, and it won't just be the hedge funds."

- Brian Barnes, founder and CEO at M1 Finance

(2/6)
"This is what's so enticing about short-term trading, the ability to make and lose fortunes in a short amount of time. We question whether short-term trading is predictable, sustainable, or repeatable."

- Brian Barnes, founder and CEO at M1 Finance

(3/6)
"Someone could see their friends making fortunes on the lotto or at the casino, but it doesn't mean that's a solid long-term strategy to build and manage wealth."

- Brian Barnes, founder and CEO at M1 Finance

(4/6)
"We believe ownership of great companies and assets at reasonable prices that compound for long periods of time is the most straightforward and repeatable way to build wealth."

- Brian Barnes, founder and CEO at M1 Finance

(5/6)
"We've oriented our company around that mindset, knowing it forgoes the mania of the moment."

- Brian Barnes, founder and CEO at M1 Finance

(6/6)
Thanks, @alex for including us in your @TechCrunch piece.
You can follow @M1_Finance.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.