Robinhood CEO Vlad Tenev Says Investing For a Living Could Replace Labor in a Post-AI World (fortune.com)
- Reference: 0179007064
- News link: https://news.slashdot.org/story/25/09/04/1518217/robinhood-ceo-vlad-tenev-says-investing-for-a-living-could-replace-labor-in-a-post-ai-world
- Source link: https://fortune.com/2025/08/27/robinhood-ceo-vlad-tenev-leadership-next/
The brokerage chief said private companies and government must make investing easier from an early age. He cited the proposed Invest America Act, included in congressional reconciliation legislation, which would provide every newborn with $1,000 in an investment account. Tenev said the policy represents preparation for an economy where "humans comprise less than 1% of the total intelligence" as AI systems advance beyond current capabilities.
[1] https://fortune.com/2025/08/27/robinhood-ceo-vlad-tenev-leadership-next/
Surprise! (Score:3, Insightful)
Guy who manages investments for a living has fever dream of people doing nothing but investing. Hmmm.
Re: (Score:2)
When all you have is a hammer, every problem looks like a nail.
Re: (Score:2)
When all you have to sell is hammers, you want to convince your customers that every problem is a nail.
Hammer - Nails (Score:1)
When all you know is how to use is a hammer then everything looks like a nail.
Incredibly stupid. (Score:2)
Obviously it's this guy's job to promote retail investing as a cure-all; because that's what he sells; but this seems transparently stupid.
If 'AI' has eaten all the jobs; why exactly would we have humans 'investing' for a living? Surely AI good enough to eat all the jobs could also match or exceed the performance of the average trader?
This proposal basically seems like UBI, but capitalism-washed with a pointless (and likely dangerous; given that retail noise trading is basically gambling for people wh
Investing? (Score:2)
What we call investing is becoming more and more like gambling
HAHHAHAHAHAHhhHAAHHAHAH (Score:3)
This is the most ridiculous thing I have read on /. in more than 20 years. ffs this AI bubble better burst soon, we have triggered hallucination in humans, not only the robots!!
Before Memes were a thing (Score:2)
People would often talk about driving by a road construction site and see eight people supervise a single person shoveling a hole.
This is how I see the let's focus on creating more investors and less work being done.
I don't see how an economy can actually function.
Not reasonable (Score:2)
As someone that has for the past 5 years or so done this, I can assure you it is NOT possible for most people to do it.
1) It requires extensive knowledge and experience that most people do not have. My first real job was at PaineWebber where I learned the skills I use today. The average guy did not have this education.
2) In the short term, there is a huge amount of risk that you undertake when you do this, which would inevitably crush most people into financial paste. Even if you are smart enough to do it
We're all going to be plumbers (Score:2)
Please don't question who will hire plumbers when we are all plumbers. It's plumbers all the way down.
So, everybody else just dies? (Score:2)
That's great if you have investments. You don't have to work, you just live on your investments. Like trust-fund babies today.
What about people who don't have investments? Do they just die?
Right now, 93% of the investment wealth in the US is held by the top 10% of U.S. households. So, 90% of the US shares 7% of the investments. And 50% of America holds no investments at all. They're not going to "rely on their investment returns".
Investing in what? (Score:5, Insightful)
Investing in what, exactly?
I mean, when you invest in a company, you're investing in the people, the processes, the products of that company, on the idea that the hard work of those folks will lead to gains in your portfolio. But if there area no jobs because they've all been replaced with AI, what is left? Some sort of weird gambling casino where we're betting on the next genius idea that AI then implements for us?
What sort of dystopian bullshit future is this?
Of course it's from a company which manages people's investments and makes money off their trades, so I can see how when all you are is a hammer manufacturer everything is a nail that needs to be pounded.
Re: (Score:2)
Yes. This is nonsense.
Re: (Score:2)
It's also not clear why we'd need investors if AI good enough to eat all the jobs exists. Even without 'AI' a fairly massive amount of investment is handled by the relatively simple 'just dump it in an index fund and don't touch it, idiot' algorithm; and even allegedly sophisticated professionals have a fairly tepid track record when it comes to actually realizing market-beating returns.
Re: (Score:2)
The claim that investing for a living can somehow replace labor in a post-AI world ignores the simple chain that labor is the source of all value in the economy. Without workers producing goods and services, there is no income to buy those goods and services. When wages collapse because labor demand collapses, so does purchasing power. This means companies cannot sell at scale, and their profits vanish, which drags down stock prices.
If no one is buying the products, BlackRock's and robinhoods of the worl