The cofounder of a $1.3 billion startup Robinhood explains a 'logical fallacy' in investing

Jack Randall, Robinhood Robinhood, the $1.3 billion San Francisco brokerage firm, is known for introducing zero-commission trades. Cofounder Baiju Bhatt told Business Insider that his company, which is popular with millennials, will never lose sight of the first-time investor. The startup recently said its user base surpassed 2 million. When Baiju Bhatt and Vladimir Tenev founded their online brokerage, Robinhood, in 2013, they did so with the intention to give ordinary people a platform with wh...