The Capital Note: Individual Investors, Inflation & the Invisible Hand

Vlad Tenev, co-founder and co-CEO of investing app Robinhood, speaks during the TechCrunch Disrupt event in Brooklyn, N.Y., May 10, 2016.(Brendan McDermid/Reuters)
Welcome to the Capital Note, a newsletter (coming soon) about finance and economics. On the menu today: The Role of Robinhood, Inflation-Adjusted Capital-Gains Taxes, and Shakespeare’s Influence on Adam Smith.
Financial commentators have chalked up recent stock-market exuberance to individual investors gambling on their …

Click here to view the original article.