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.


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.

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