#56 - Robinhood IPO & The 5 Rules of Mohnish Pabrai

Robinhood Robinhood said it generated net income of $7.45 million on net revenue of $959 million in 2020. Robinhood earns revenues from three defined buckets (1) Transaction based revenues (75% of 2020 Revenue) (2) Net interest revenues (19% of 2020 Revenue) (3) Other revenues (6% of 2020 Revenue). Robinhood currently has over $80 billion Assets Under Custody. Vanguard: $7.2 Trillion. ETrade: $800 billion 17M MAUs CAC: $20 ARPU: $137 Mohnish Pabrai’s Rules: Rule 1: Clone like crazy. Rule 2: Hang out with people who are better than you. Rule 3: Treat life as a game, not as a survival contest or a battle to the death. Rule 4: Be in alignment with who you are; don’t do what you don’t want to do or what’s not right for you. Rule 5: Live by an inner scorecard; don’t worry about what others think of you; don’t be defined by external validation. Resources: Safal Niveshak Article / Bloomberg Article / AUM / Meritech Capital Subscribe to Cold Brew Money | About Cold Brew Money | Cold Brew Money All Episodes | Cold Brew Money Rabbit Hole Buy Cold Brew Money A Coffee Hosts: Atit & Tapan [podcast_subscribe id="111"] Contact us: Twitter | Instagram | Email Please note: Information is only for educational and entertainment purposes and should not be relied upon as investment advice. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. <a href="https://anchor.fm/app">https://anchor.fm/app</a> --- Send in a voice message: https://anchor.fm/cold-brew-money/message