![]() ![]() "The gambling impulse is very strong in people worldwide and occasionally it gets an enormous shove," Buffett said Saturday. While some praise Robinhood for expanding access to financial markets, others have expressed concerns that it lacks sufficient safeguards and fuels overly speculative trading, particularly for “meme” stocks, cryptocurrency and derivatives.īuffett and Munger, long considered two of the most successful modern investors, are among several Wall Street veterans who’ve ripped Robinhood and the way it has influenced markets. Once I got my account in order, I transferred money from my bank account into Robinhood, bought some stocks and that was it 2. Some of Wikitias pages are sourced from s Mainspace and Draftspace. I dont have enough experience with trading/investing to know what I would need/ask for, but I can tell you that the app is painless. Robinhood has exploded in popularity amid a rush of new investors into the stock market, particularly among younger, amateur traders. Content is available under Creative Commons Attribution-ShareAlike. “We’re not going to sit back while they disparage everyday people for taking control of their financial lives,” she added. ![]() ![]() “If the last year has taught us anything, it is that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing,” wrote Jacqueline Ortiz Ramsey, head of public policy communications for Robinhood. ![]()
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