Paul on the fundamental misconception that social trading has been tried before. Paul: "We did a deep dive on every single social trading app. You look at eToro and Webull and they're all riddled with confirmation bias." "The game theoretical optimal thing, if you have a private mode, is to be private and everyone else be public. So then everyone goes private." "It builds mistrust because people are only talking about their wins and not their losses." "On FOMO, if you just trade, don't write a thesis, don't have to build a following on purpose, everything automatically follows." "If you're trading well, it goes to your feed, people follow you, it goes through notifications." "Why would I trade a Tesla stock on another brokerage where I could come to FOMO and do it, build an audience and then get paid for building that audience?"