A Bit about Crypto Currency.
From Charlie Munger:
<< Munger, however, issued a more direct attack.
“Those who know me well are just waving the red flag at the bull. Of course I hate the bitcoin success,” he said. “And I don’t welcome a currency that’s so useful kidnappers and extortionists and so forth. Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.” >>
Robinhood, the casino mentality.
From Warren Buffett:
<< Buffett said trading apps like Robinhood have contributed to the “casino aspect” of the stock market as of late, exploiting individuals’ inclinations to gamble.
“It’s become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year, year and a half,” Buffett said of Robinhood. “There’s nothing, you know, there’s nothing illegal about it, there’s nothing immoral. But I don’t think you’d build a society around people doing it.” >>
For Yahoo Finance’s full coverage, click below.
https://www.aol.com/berkshire-hathaway-annual-meeting-2021-220309605.html
Adam Moura 