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Robinhood: The old guard of investing is at it again

2 pointsby nerdkid93about 4 years ago

2 comments

mimixcoabout 4 years ago
Buffet&#x27;s said he was unhappy that apps like Robinhood let regular folks trade without paying a fee. Well, golly gee! That sounds terrible. I guess he thinks trading should only be for people like him who can afford to pay big fees.<p>He also doesn&#x27;t like that everyone can participate in the &quot;gambling&quot; aspect of the stock market -- something from which he&#x27;s profited greatly.
nerdkid93about 4 years ago
tldr: Robinhood got offended that Warren Buffett and Charlie Munger called their company out for incentivizing gambling and not investing... which seems particularly obtuse since Robinhood makes their profit from the r&#x2F;WSB community and not the people who use their platform for long term investments.