Business
May 2, 2022
Munger Blasts Robinhood for Short-Term Gambling
Berkshire Hathaway vice chairman Charlie Munger has been an outspoken firebrand and as the right-hand of Warren Buffet, his words have had gravitas. He has blasted Robinhood over the weekend for what he described as “disgusting practices” which are now forcing the company to “unravel.” Munger on Robinhood: Too Much of a Good Thing He […]
Business
May 4, 2021
Robinhood under Attack for Allowing Traders to Change the Game
Robinhood returned fire to Warren Buffett and the old guard for attacking it for supposedly allowing millions of “everyday people” to take “control of their financial lives”. Tit for Tat A war of words seems to have started Saturday during the annual meeting at Berkshire Hathaway, when Warren Buffett openly attacked Robinhood for its approach […]
Business
May 3, 2021
Warren Buffett Says Robinhood Turns Investors into Gamblers
Younger and less experienced investors may be tempted by Robinhood’s focus on “casino-like” investment opportunities, says legendary investor Warren Buffett. A Warning to Millennial Investors by Buffett Warren Buffett is a good example of why gambling and investment are worlds apart. The investment guru, though, believes that Robinhood, a trading platform that charges no commissions and appeals to […]