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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Reuben Gregg Brewer, The Motley FoolThu, November 6, 2025 at 11:50 AM GMT+1 5 min readRobinhood is an upstart discount broker that is helping to change the brokerage industry.Mastercard has been around for a long time, helping the world shift from cash to card payments.Both have growth appeal, but one has stood the test of time and the other hasn't.10 stocks we like better than Robinhood Markets ›It is desirable for a company you own to have a good business story. After all, you want to realistically believe that the business can grow, otherwise what's the point in owning it? But sometimes investors get so caught up in new stories that they place too high a valuation on untested businesses. That's why you might want to consider buying an old reliable like Mastercard (NYSE: MA) over an exciting upstart like Robinhood (NASDAQ: HOOD).From a big-picture view, Robinhood is nothing more than a discount broker. However, that's not a fair explanation of the business. The company single handedly forced the industry to lower commissions to zero. It used technology to attract a new, younger customer group. And it has been aggressively expanding to include everything from stocks to exchange-traded funds to cryptocurrency.All in, the company is an innovator that is disrupting an old and boring business. That is a very attractive story and one that has taken Robinhood from an income statement bleeding red ink to one that is solidly in the black. And it has achieved this feat in a relatively short period of time, too. There are good reasons investors like Robinhood.Mastercard is an industry disruptor, too. Or at least it was at one point in time. Today, the use of card payments instead of cash is a very common. But the transition isn't over yet and Mastercard is one of a small number of dominant companies that have the technology and customer base to support the ongoing move away from cash.Image source: Getty Images.The infrastructure that Mastercard has built is vital here. Essentially, it charges a small fee to process transactions that use cards with its logo on them. The more transactions that take place, the more money Mastercard makes. It has largely built out a mature network (there's still some growth opportunity abroad) so now the big story is the shift away from cash. That hasn't played itself out just yet so there's more growth to come. But the story behind Mastercard is old news, so it isn't as exciting anymore.This is where investor sentiment comes into play. Mastercard's growth opportunity is well known and its history of success is very clear. Investors have placed a high value on the stock -- it has a price-to-sales ratio of more than 17 and a price-to-earnings ratio of roughly 39. Those are very high valuation numbers but there's a small caveat. 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