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The Machinery of Modern Finance - by Brandon Kumar

brandonkumar.substack.com · 10,641 words · saved by 1 readers

Shortly after markets opened on January 28th, 2021, Vlad Tenev went on television to explain why millions of customers could no longer buy a handful of stocks that, until that week, most of Wall Street had barely noticed.

The Machinery of Modern Finance Brandon Kumar Feb 09, 2026 130 2 22 Share “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich Hayek Shortly after markets opened on January 28th, 2021, Vlad Tenev went on television to explain why millions of customers could no longer buy a handful of stocks that, until that week, most of Wall Street had barely noticed. Robinhood had restricted purchases of GameStop, AMC, and several other heavily shorted names just as retail demand peaked. The explanation required an understan

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