Robinhood responds to Buffett and Munger after they ‘insulted new generation’ of investors

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Yahoo FinanceRobinhood responds to Buffett and Munger after they ‘insulted new generation’ of investorsJulia La Roche·CorrespondentMay 3, 2021, 6:21 AM·5 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

Commission-free trading app Robinhood responded to comments made by billionaire investing legends Warren Buffett and Charlie Munger on Saturday, claiming the pair “insulted a new generation” of investors for “doing things in a new way.” 

“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. And at Robinhood, we’re not going to sit back while they disparage everyday people for taking control of their financial lives,” Jacqueline Oritz Ramsay, head of public policy communications at Robinhood, wrote in a blog post on Monday.

Ramsay added that Robinhood is “proud” for making “investing simpler and more accessible to...read more...