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Buffett: Buying and selling apps contributing to 'on line casino facet' of inventory market – MarketWatch

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Warren Buffett on Saturday mentioned RobinHood and different buying and selling apps had been contributing to the “on line casino facet” of the inventory market, which has grown extra prevalent over the previous 12 months to year-and-a-half. In response to a query in regards to the buying and selling apps at Berkshire Hathaway Inc.’s
BRK.A,
-1.29%

BRK.B,
-0.95%

annual assembly, Buffett mentioned that whereas there was nothing unlawful or immoral about short-term, speculative buying and selling exercise, “I do not suppose you construct a society round individuals doing it.” Vice Chairman Charlie Munger expressed stronger misgivings, calling it “simply godawful that one thing like that will draw funding from civilized males and first rate residents; it is deeply fallacious. We do not wish to make our cash promoting issues which can be unhealthy for individuals.”



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