Berkshire Hathaway’s Charlie Munger Takes Another Swipe at Robinhood

Warren Buffett’s right-hand man says the ‘unraveling’ of the trading platform after last year’s boom is a sign ‘God is getting just’

FROM THE ARCHIVE: Following the GameStop trading frenzy, the SEC is expected to take a fresh look at payment for order flow, a decades-old practice that’s at the heart of how commission-free trading works. WSJ explains what it is, and why critics say it’s bad for investors. (Published March 19, 2021) Illustration: Jacob Reynolds/WSJ

Charlie Munger’s opinion of Robinhood Markets Inc. hasn’t improved in the past year. If anything, it has become more negative.

The vice chairman of Berkshire Hathaway Inc. blasted the trading platform while addressing thousands of shareholders at the company’s annual gathering in Omaha, Neb., on Saturday. He said Robinhood is losing ground since going public in July 2021. 

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William Murphy

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