Robinhood responds to Buffett and Munger after they ‘insulted new generation’ of investors
- Date: 03-May-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Robinhood responds to Buffett and Munger after they ‘insulted new generation’ of investors
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 more people."