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May 3 - robinhood....declares war on warren buffett



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 2 weeks ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x62
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May 3 - robinhood....declares war on warren buffett
 

 
visit this link https://www.axios.com/rob .. 1a380f94f.html


image Robinhood on Monday said that recent criticisms of the no-fee trading app by Warren Buffett and Charlie Munger were insults against younger investors, blasting the billionaires as out-of-touch elites who are "acting like they are the only oracles of investing."

The big picture: Critics have said that Robinhood — which says its mission " is to democratize finance for all," and has sought to popularize retail investing — pushes users into making more trades and reckless investing with its mobile game-like design and addictive elements.

Driving the news: Buffett criticized Robinhood at a virtual shareholder meeting Saturday, saying the trading platform is “taking advantage of the gambling instincts of society,” Barron's reports.


Buffett said the company has become "a very significant part of the casino group that has joined into the stock market in the last year or year and a half."

“It creates its own reality for a while, and nobody tells you when the clock is going to strike 12 and it all turns to pumpkins and mice," he said. He added there is "nothing illegal to it, there's nothing immoral, but I don't think you build a society around people doing it."

Buffett's longtime lieutenant Charlie Munger said at the shareholder meeting that Robinhood is "deeply wrong" and "god awful that something like that brought investments from civilized men and decent citizens.


image What they're saying: "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," the company said in a statement.

"It is clear that the elites benefited from a stock market that kept many families sidelined from participating while they amassed huge wealth from decades of investing — driving a deep wedge between the haves and have-nots."

"Retail investing in America is thriving today because everyday investors are seizing the opportunity to build their own nest egg. It may never be nearly as big as the billions upon billions that the elites in this country have amassed. But it sure is something to celebrate."
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37 comments
 

 2 weeks ago '18        #2
antisocial100 
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I’ll accept this from Robinhood while also remembering the GME fiasco
+38   

 2 weeks ago '11        #3
Sin  topics gone triple plat - Number 1 spot x29
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Parody account, buffet make more in dividends than all robinhooder combined profit



Last edited by Sin; 05-03-2021 at 12:15 PM..
+14   

 2 weeks ago '04        #4
ItAlY2BkLyN 
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Robinhood ain't the real Robinhood that serves the poor. They're as crooked as they come. But if they will f*ght against the established hierarchy and financial architecture that maintained power and control in the hands of a few. I'll still grab my popcorn and enjoy the show.


+17   

 2 weeks ago '04        #5
d.c. supreme  topics gone triple plat - Number 1 spot x1
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yeah don't let robinhood fool you they give out all your trades to the institutional investors as (like with all apps) a data collection module so as to either ride the wave with you or in more nefarious means use all their capital to destroy the momentum and crush your investments

buffett and munger have always been late on tech and wary of it, so with bitcoin and app exchanges it's no surprise they're appalled by it. no need to pay them mind, just mine their prior knowledge/wisdom strategies, build upon them/improve them and let them be cranky old men.
+17   

 2 weeks ago '19        #6
aaf192020 
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I understand where Buffet is coming from but I also know that he's extremely vain but pretends to be humble. Dude is a glutton who eats like a pig but has enough money to receive world class Healthcare.

At the end of the day the more retail investors take from the pie the less the elite investors profit.
+6   

 2 weeks ago '15        #7
satsuma  topics gone triple plat - Number 1 spot x1
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 d.c. supreme said
yeah don't let robinhood fool you they give out all your trades to the institutional investors as (like with all apps) a data collection module so as to either ride the wave with you or in more nefarious means use all their capital to destroy the momentum and crush your investments

buffett and munger have always been late on tech and wary of it, so with bitcoin and app exchanges it's no surprise they're appalled by it. no need to pay them mind, just mine their prior knowledge/wisdom strategies, build upon them/improve them and let them be cranky old men.
Facts, bought they books and learned their strategies for certain aspects of the market, but when it comes to tech, you're right let them be. They have no understanding of technological companies.
+6   

 2 weeks ago '18        #8
ChrisPartlowFro 
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 Sin said

SIN! you know BXers don’t know dude is a parody account.
+6   

 2 weeks ago '18        #9
DUCEDUCE  topics gone triple plat - Number 1 spot x1
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If we get a market downturn ..

+1   

 2 weeks ago '20        #10
GunRack 
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To declare war on Warren Buffet, americans need to stop being flabby n sick. So yeah, that sh*t ain't happening.
+2   

 2 weeks ago '18        #11
ChrisPartlowFro 
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 aaf192020 said
I understand where Buffet is coming from but I also know that he's extremely vain but pretends to be humble. Dude is a glutton who eats like a pig but has enough money to receive world class Healthcare.

At the end of the day the more retail investors take from the pie the less the elite investors profit.
Dude what? So you want Bill Ackman the vampire who eats no sugar and will probably live until he’s 300?

Seriously though, the point is retail investors aren’t taking sh*t from anyone, they’re getting taken from. You’re buying your shares from an HFT shop who is making money on the price you thought you bought it at, which they really bought it at and sold it for a few pennies more. They do this millions of times a day, and you’re paying for it. Not institutional traders—you don’t even have fast enough internet to compete with Wall Street. They’ve seen three different prices in the time it takes you to view one.

Y’all gotta acquire the right target and Warren ain’t it. At some point people need to ask themselves who would want to see Warren Buffet fall and then I think they’ll realize they’ve been getting played. Hard.

If you think Hedge Funds weren’t all up in WSB and haven’t been there for years....idk what to tell y’all.

Information is key in the capital markets.


Last edited by ChrisPartlowFro; 05-03-2021 at 12:09 PM.. Reason: Spelling and clarity.
+1   

 2 weeks ago '11        #12
Sin  topics gone triple plat - Number 1 spot x29
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 ChrisPartlowFro said
SIN! you know BXers don’t know dude is a parody account.
ill edit the post

I really hope BX realizes buffet probably makes more on dividends than many corporations
+1   

 2 weeks ago '05        #13
hbk83 
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 antisocial100 said
I’ll accept this from Robinhood while also remembering the GME fiasco
Robinhood owe me money from AMC. n*ggas froze trading while I was up like 20bands
+7   

 2 weeks ago '04        #14
d.c. supreme  topics gone triple plat - Number 1 spot x1
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 satsuma said
Facts, bought they books and learned their strategies for certain aspects of the market, but when it comes to tech, you're right let them be. They have no understanding of technological companies.
yeah one of buffett's golden rules is only invest in things you know. and being ancient he just never knew tech. he's begrudgingly bought in to some because he's had to as a hedge manager in the 21st century but he's admitted multiple times he doesn't know what he's doing with tech and has admitted taking L's by not riding stocks like apple when he should of.
+1   

 2 weeks ago '16        #15
foshoVoodoo  topics gone triple plat - Number 1 spot x34
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buffet won already
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 2 weeks ago '17        #16
Smallville 
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Lmao yall would cheer for anybody lmao like hedgefunds don’t get insider information from people before it’s been like this look at congress and how many senators trade after and right before passing budgeting bills it’s classim they want to keep trading white dude was born in the 1930s lmao really y’all keep praising bro like he don’t get insider info too like all these other rich investors America is regulated through classism but robinhood helping blur that because just as much people losing there’s some winning
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 2 weeks ago '17        #17
DeadendBoy 
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 hbk83 said
Robinhood owe me money from AMC. n*ggas froze trading while I was up like 20bands
Damn G

Top 10 most slapped recently  2 weeks ago '20        #18
MeNoSenYouNoCom  topics gone triple plat - Number 1 spot x7
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fu*k robinhood
+1   

 2 weeks ago '15        #19
satsuma  topics gone triple plat - Number 1 spot x1
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 d.c. supreme said
yeah one of buffett's golden rules is only invest in things you know. and being ancient he just never knew tech. he's begrudgingly bought in to some because he's had to as a hedge manager in the 21st century but he's admitted multiple times he doesn't know what he's doing with tech and has admitted taking L's by not riding stocks like apple when he should of.
Yup I can tell you've read. You're on it. I read Buffettology, Interpretation of Financial Statements, one up on wallstreet, and the Tao of charlie munger. I highly recommend all four books.
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 2 weeks ago '15        #20
Baudimore  topics gone triple plat - Number 1 spot x2
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"Going to war"

n*gga please soon as GME popped off all them oligarchs had to do was make a couple calls and RH bent the knee

frontin for the camera
+2   

 2 weeks ago '04        #21
Cali 
Props total: 1660 1 K  Slaps total: 173 173
Not sure the context but it seems the media is manipulating Buffets image. Always touted as a respected well mannered guru. Now it seems he's lambasting these brokerages that give easy access to securities and cryptocurrency.

He might be for bridging the gap between classes but maybe hes against the risks and doesnt want to repeat what happened to folks in 1929. I see these RH traders in FB groups crying they lost money.

All i know is with all this drama there is a huge shift going down.
make moves at your on risk
+1   

 2 weeks ago '04        #22
franchise  topics gone triple plat - Number 1 spot x3
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 GunRack said
To declare war on Warren Buffet, americans need to stop being flabby n sick. So yeah, that sh*t ain't happening.




 2 weeks ago '12        #23
TrillSwag  topics gone triple plat - Number 1 spot x1
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 ItAlY2BkLyN said
Robinhood ain't the real Robinhood that serves the poor. They're as crooked as they come. But if they will f*ght against the established hierarchy and financial architecture that maintained power and control in the hands of a few. I'll still grab my popcorn and enjoy the show.


So trading one pimp for another gleefully?
No wonder elites been taking advantage of the poor since forever
Who do you think owns robinhood?
+2   

 2 weeks ago '18        #24
NBA  topics gone triple plat - Number 1 spot x4
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He’s right

Remember the poor idiot who committed suicide?

I’m all for people being able to get in the game, but please get educated.
+1   

 2 weeks ago '04        #25
ItAlY2BkLyN 
Props total: 28733 28 K  Slaps total: 7512 7 K
 TrillSwag said
So trading one pimp for another gleefully?
No wonder elites been taking advantage of the poor since forever
Who do you think owns robinhood?
idk how you got that from my post.

I don't support either

Did you think I'm championing some Bulgarian who manipulates users of his platforms a*sets?

If I hate Facebook and the government equally but happy to sit back and watch them duke it out am I trading one pimp for another?



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