Robinhood Responds To Warren Buffett: 'The Old Guard Of Investing'

By Chris Katje7 days ago

Over the weekend, legendary investor and Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett addressed several hot topics in the investment world.

Among the topics was the rise of retail traders and new brokerages like Robinhood.

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Buffett Calls Out Robinhood: Buffett called out Robinhood in his remarks over the weekend.

“Robinhood has become a very significant part of the casino aspect of the casino group that has joined into the stock market in the last year or year and a half,” Buffett said.

Buffett said what Robinhood is doing isn’t immoral or illegal but cautioned that it is capitalizing on investors who are gambling on the stock market.

Continue read on benzinga.com