Charlie Munger Renews Robinhood Criticism, Likens App to Racetrack Betting

Legendary investor Charlie Munger continued a war of words Thursday with popular online brokerage Robinhood Markets Inc. over the way it and others have enabled and profited from“I hate this luring of people into engaging in speculative orgies,” Mr. Munger told The Wall Street Journal from his Los Angeles home. Robinhood “may call it investing, but that’s all bullshit.”

Mr. Munger, 97 years old, is the vice chairman of Berkshire Hathaway Inc. and Warren Buffett’s longtime business partner. His comments Thursday echoed criticisms he lobbed at Robinhood the day before.

Robinhood is just a really horrible app in general, similar to Facebook. Both will become obsolete in the future.

So rich crook is upset that the poors dared to try to rise above thier station? What else is new?

The whole wall street is nothing but speculation. This grand-standing needs to be ignored.

maybe we're finally seeing what's going on behind the curtain and he doesn't like it.

Go on robinhood and buy their blood in Kraft Heinz

What’s the difference?

He and Warren Buffett need to let some young bloods run Berkshire. It hasn’t beat the S&P in many years.

I see his point but at 97 imagine how many changes he has seen in the world. His views are a bit dated somewhat. To act like Hedgefunds never told lies to sway public opinion is laughable. They used Media and Robinhood is using the Internet. It's a progression in technology

What’s wrong with racetrack betting?

Lawn seed Godolphin $1000000000.00.....more

Because bribing politicians to pave the way for additional revenue streams is virtuous?

BagholderQuotes Can you please tweet the Munger style meme. Thanks.

$BRK ALSO PASSED ON $Amaz

He knows whats best for the American public. Just like our president

Gawd, I really hate it when I agree with a really old white dude.

House always wins, we own this house.

Charlie Munger is in touch with the common people

Is that correct since I can buy his stock on robinhood

horrible

Legends made their mark in the past.

All these old rich fucks don’t understand the GME memestock craze any more than us smoothbrained apes understand derivatives but either way, I like the stonk

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