, Robinhood said the last year has shown “that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing.”
Robinhood’s users had a public battle with hedge fund types like Steven Cohen earlier this year. But Buffett has always been almost untouchable – not only separate from Wall Street but also the envy of renowned investors, who have tried to mimic Berkshire’s structure and Buffett’s success . Both the old guard and the new guard can be partly right. Robinhood's casino-like trading doesn’t require the rigor that Berkshire prides itself on. At the same time, the app is making investing more accessible. As any good investor knows, it takes two sides to make a market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: