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Buffett Blasts Wall Street as a Casino; Munger Attacks Robinhood

·3 min read
Buffett Blasts Wall Street as a Casino; Munger Attacks Robinhood
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Wall Street's encouragement of investors taking speculative and highly risky moves in their investments have made it more of a "gambling parlor," Berkshire Hathaway CEO Warren Buffett said Saturday at their annual shareholder meeting. Buffett, 91, lambasted Wall Street's investment banks and brokerages and criticized how they generate revenue. "Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism," he said.