Warren Buffett says online trading platforms encourage ‘gambling impulse’

Legendary investor warns about the risks of stock trading while his partner calls cryptocurrencies ‘disgusting’

Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at the annual meeting of his conglomerate Berkshire Hathaway.

Speaking in Los Angeles, the legendary billionaire investor said it could be tough to pick the long-term winners. He pointed out that in 1903 there were more than 2,000 car companies, and nearly all of them failed, even though cars have transformed the country since then.

Continue reading...

source https://www.theguardian.com/business/2021/may/02/warren-buffett-says-online-trading-platforms-encourage-gambling-impulse

No comments:

Post a Comment

Featured post

Ethiopia’s controversial quest for the sea

https://ift.tt/4t29xJd Ethiopia is famously landlocked. That’s why the ambitious Ethiopian prime minister Abiy Ahmed has long harbored visi...