“You’re only as strong as the investors you bring along with you” – Yasmin Dahya Bilger, Head of ETFs at Engine No.1 The call is coming from inside the house Oil giant ExxonMobil recently lost an expensive and high stakes proxy fight with Engine No.1, the new hedge fund on the block. With only 0.02%

Overpaying Research shows that when the stock market increases, people invest more money, and when the market falls, they pull their money out. This is totally irrational behavior, but unfortunately, retail investors are influenced to buy stocks when they’re in the news, and this speculation often pushes the stock price higher. We saw this behavior

Don’t get hoodwinked  The financial universe is in a tizzy this week with Robinhood’s 400ish-page IPO filing that revealed some rather interesting details. They threw a lot of info at us—conveniently timed one day after the SEC slapped them with a monster fine—but a few nuggets stood out. Let’s dive in. Risky business Fortune points

Companies have been spawned in garages, basements, dorm rooms and on kitchen tables. There’s no magic formula for success, and that even extends to incubators like YCombinator, which has a 93% failure rate and about a 1.5% acceptance rate. This disproportionately affects entertainment and consumer startups, unlike in the crowdfunding environment. Yikes.  Not all incubators