#shorts #robinhood #charliemunger
Berkshire Hathaway’s Vice Chairman Charlie Munger breaks down his thoughts on trading with Robinhood.
Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Premium please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Cashay.com
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
this guy has no idea what he’s talking about
@Ernest Crunkleton Let me also just add, I invest in a subjective way. I invest in Vanguard’s Total Stock Market fund, I couldn’t tell you all 3,500 individual stocks, cash flows, dividends, etc. I’ve bought into the subjective portion of that investment, but the difference is the objective portion of low cost passive investing vs. active investing is well documented. So I don’t have to do, the analysis on mine own.
@Ernest Crunkleton I also removed all my prior statements as a good faith effort, because I acknowledge I misunderstood where you were coming from, to perhaps start fresh and to clean this mess up. You can decide what you want to do.
As I said before and hopefully you see from my thought out response, I actually do enjoy thoughtful debate because sometimes my mind really does change on things based on what other people have said.
@Ernest Crunkleton Any thoughts on my thesis?
@SF Media Apps
I think it’s a pretty nuanced take.
Personally, i think value can only be objective when you are comparing very similar things, and when speaking about the stock market, so many outside factors come into play IMHO i just don’t think its possible to make complex valuations that are objectively (as in always in every circiumstance) better or worse choices.
Now that being said, tangagibel companies have assets, so there will be some return at least with those sorts of investments
I am actually not a big fan of crypto or data mining at all for that matter.
But yeah now that governments have seen there is some success, you can be damm sure they will find a way to extract their “fair share” from it.
@SF Media Apps
For many years i had only two work mutual fund packages from employers. In the last 5 years or so I have just purchased stock outright.
I have made about 2.5 times what those 401k’s have. So i have some small regret about not managing my own investments earlier, but not enough to actually cash out those portfolios and flopping it into a private brokerage.
I do have some holdings in crypto but its only 2%->5%->7.25%-> 3.2% of my investments 😛
Nothing’s really free; it’s all in the fine print.
Even if RH was 100% free, that doesn’t stop it from being pure trash 🗑
he also said crypto is disgusting, listen to him if you want
@Zoltan 1. as previously noted, that is not true for Bitcoin. It has a permanently finite supply. Replacements are not equivalent.
2. Bitcoin has hypothetically infinite divisibility. This is not true for literally any other currency.
3. Google what utility means.
4. As previously noted, these issues can be modified at any time with forks.
5. The same is true of cash, gold, etc. The durability arises from the distributed nature of the blockchain, not your own incompetence.
6. I’m surprised you didn’t say something about quantum encryption breaking and ask why it doesn’t use lattice-based cryptography instead. Missed opportunity
@AntiCom
1. And who cares about the limits of Bitcoin, when I can just use any other crypto instead of it? If a brand of bottled water is not available, I just buy a other brand.
2. Why would I divide it infinitely? Cent to a dollar is already too small, and should be LESS divided, not more. Removing 1cent from circulation is already being discussed.
3.Utility means “usefullness” based on google, which is a too vague in this sense. You mean Bitcoin is “useful”? Well no, because it is pain in the ass to use it for transactions… Regular money is much more useful
4. Do you know what “fork” means? It is just a different code, not something which is applied to the whole Bitcoin network. Any change must be accepted and installed by the MAJORITY of the miners. Pretty much no change is possible these days…
5. No, gold will not be lost just because I forget about it, or the hard drive goes bad. Bitcoin WILL be lost. Gold is pretty much impossible to destroy.
6. Quantum encryption is still far away. Also it threatens only secrets which should be kept as a secret permanently. Everything else can be re-encrypted. Blockchain is being re-encrypted at each transaction anyway.
@Zoltan 1. It was the first, and is known to be the best. It will always be recognized as such. This cachet in itself adds to its value. Imitators are numerous and are all equally irrelevant.
2. Divisibility enables infinite levels of transactions, regardless of valuation changes. There could come a time when 1 Bitcoin is equivalent to such a large amount that a single Satoshi would be too large of an amount for some transactions. It could then be subdivided further.
3. Your lack of understanding is your own problem.
4. It can be applied to the entire network if agreed upon and accepted. Which it will be, if necessary.
5. Gold can be destroyed. It can also be outlawed or hoarded by a single central authority. Bitcoin cannot by design. The more is lost, the more the value increases of the remaining supply.
6. The NSA likely already has quantum encryption breaking capability. Again Bitcoin can always be updated to address these possibilities.
In conclusion, you still have absolutely no idea what you’re talking about
@AntiCom
Wow, you have absolutely zero understanding:D
1. You are basically saying Bitcoin is held together by nothing else than pure belief. It is an advantage over other crypto, but I wouldn’t call it a benefit. It looks bad compared to regular currencies. Not an advantage,
2. We don’t have infinitely small transactions. We barely have transactions under a dollar. There is simply absolutely no demand for further divisibility. Not an advantage.
3. You couldn’t support this claim with anything.
4. If it is agreed, which is not. They already tried to fix some of these very problems, and it failed. Not an advantage. (Even disadvantage, as large portion of the network is in China, who should agree)
5. How do you destroy gold? Bitcoin can be outlawed, and then you can not spend it, and it becomes worthless. And you can lose your access to your bitcoin. No advantage.
6. NSA doesn’t have things which are technologically impossible at this point. Once it becomes a possibility.p, they likely to be amongst the first to have it.
@Zoltan 1. Sometimes name recognition is everything.
2. There is infinite valuation, which creates need for infinite divisibility.
3. You still can’t figure out what utility means for currency.
4. The possibility remains.
5. It can be irradiated, or hoarded. Bitcoin cannot be outlawed, it is designed to evade all attempts at control. Crypto always finds a way.
6. You clearly have difficulty with research.
In conclusion, still absolutely clueless. Sad
Charlie is plain wrong. They are making money on the margins that they extend. He is reacting emotionally. 🙂
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 that’s a joke right?????!!!!
Is that you Vlad? Or is it the other guy?
I don’t think you understand what he is saying. The brokerage houses SELL the right to execute your trades to third parties. The third parties that buy your trades are profiting off of your order flow, so one way another you’re paying for the trade. There is no actual fee, just a well-concealed ripoff. Go read Michael Lewis’s book “Flash boys”
It might not be free but it still gives the average American a chance to invest in the stock market…unlike your business Berkshire which serves the corporations. These old people really have some nerve
Buffett and Munger are the greatest investors of all time.
You reading this , I don’t care what you think. But you need to respect your elders and elderly. This guy is nearly 100 years old. Just getting to that age is an achievement in itself.
Sheep going to sheep
Respect is a two-way street.
My mind is blown at the amount of comments saying that he doesn’t know what he is talking about.
@Zoltan you must be senile too, kind of feel bad for you
@CLINTON NICKENS thats kind of you to say. but Charlie munger is not broke. he’s worth billions
@Big Lenny’s #1 Fan I was referring to Charlie Munger when I said “an old man that built a billion dollad empire”.
He’s washed up. He shouldn’t be televised anymore, his advice speaks volumes to people who are dieing, yet he knows nothing about the future of currency.
@Enlightened Vomit Allow me to laugh at your comment 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
They aren’t free. They have to pay millions to the sec every year because they give their customers inferior fills on stock purchases and option fills.
It’s gotten a little better I must say
@I C not really
Ppl only look at the word free and invest.
They dont read terms and conditions.
And they sell info to hedge funds
Don’t listen to gramps. It’s educated gambling, just get ready for the taxes on your financial gains.
ROFL. Couple months ago during GME revolution all of the r/wallstreetbets boys were p*ssed about Robinhood blocking buying the GME stock while selling orderflow to Citadel and Melvin Capital shorters. Few months later and now we see dumb retail defending Robinhood. Well, you can’t fix stupid.
Utter bollocks. he just does not want us in the market. if I have to pay 12 pound a trade like with hargreeves landsdown. I’m not making any money
Nothing is FREE in this world
Eternal life through Jesus Christ is free to you!
Stimulus checks were😄 The world is full of abundance, too bad we put a price tag on everything.
@Gabe Mendoza technically it’s not free, there is a cost, if you don’t obey his word you are cast to hell. Everyone charges… Even Jesus Christ
The stock market should be outlawed, it has got so bad it’s controlling how are government spends it’s money, putting the bill on futures tax payer, all because rich Wallstreeters control the politicians, i.e. owed favors ,lobbyists etc.
What a shame!
My opinion
Why is robinhood under attack. All brokerages are doing the same now. Been investing long enough to remember when $9.99 trades were a bargain lol.
All brokerages are under attack because the system is rigged lol. There needs to be some government intervention
@Monster Boomer ok and Robin Hood is not one of those shitty brokerages? Hm ok the evidence is all out there. But if you choose to judge things according to pure beliefs and feelings and not evidence, then good luck to you 🙂
@Deliwuix Yip Dude, seriously? Do you remember what Robinhood did during GME? Or have you already forgot?
Your order fills are worse and the spreads are worse. You pay more that way. Just get an account with Interactive Brokers, way cheaper. I did that and it saves a decent amount
Good video!! Very attractive from start to finish. However, the wisest thing that should be on every smart individuals list is to invest in different streams of income that are not dependent on the government to generate money, especially now business and investing is the easiest way to make money regardless of what party makes it to the oval office.
Wow ! I’m just shocked you mentioned and recommend Barry Silbert trading services, I thought people don’t know him..
He’s really awesome!
Thanks for all your testimonies, am placing my trade with Barry Silbert right the way
In few years or so, people will definitely be kicking themselves in regrets for missing the opportunity to buy and invest in cryptocurrency.
I wanna Invest too, how can I get to Mills Romero?
Via Télégram or what$@p
⫷+⫸⫷1⫸ ⫷8⫸⫷0⫸⫷2⫸ ⫷3⫸⫷9⫸⫷2⫸ ⫷6⫸⫷3⫸⫷2⫸⫷6⫸
Thanks Reyes
Warren and Charlie made their billions the old-fashioned way, inside information. The markets are rigged
Has grandpa changed his diapers today yet
the rich people see robinhood as a threat which means the system works. The more we gather up and work together can bring down the billionaires wealth which I strongly think we should all do. After all we work for them and get paid less. Our times are wasted to the system that they built favored towards the wealthy after all if robinhood becomes too powerful. I believe we the people can stand against it. but now its not the time.
Its stil the best product out there for trading for a beginner. Its platform is consumer friendly. Its making everyday people money even though it is selling trade information.
Charlie Munger on Robinhood “Buy DogeCoin.”
Robinhood is a scam. They front-run all your trades and you just pay a higher price for all the stocks you buy and get less money for the stocks you sell. You would get a much better deal if you used a brokerage that charged you for your trades. “If it’s ‘free’ then YOU are the item that’s being sold to someone else.”
Can you elaborate on that? I am trying to educate myself and I thought that trading would be the same in any platform. You put a price to buy and if someone is willing to sell that is it. Sorry if it is obvious.
@Capagris you’ve figured it out. Some people just get a stick in their butt about the future and how well the new currencies are doing. Robinhood is exactly what it advertises, I’ve become robinhood rich in 5 years. As long as you pay attention and do the research you can talk about anything like it’s a negative. There’s a lot of positives to robinhood that go along with the one negative they finally figured out.
So Charlie Munger is now on Tiktok?
The Robinhood Kids are going to take a Test, then learn a lesson! They will finally learn something useful.. Humility and there is No Free Lunch!
No Free Lunch! They are being watched for trading advantages. They will soon be eaten by the Wall Street Wolves!
What are you talking about?
Some of us that understand that eliete investors are using computer algorithms driven by data mining to help drive profits. Of course, that just means their moves are easy to predict, because I can analyze the software changes and plan my strategies around that knowledge. The best part is, when I change my investment strategy, nobody knows, when they change computer programs (or integrate upgrades) im always going to know, since I will just purchase the product and see what info its using to make its decisions.
Some people will be “eaten” by the market, but this is the case regardless of the software or changes in strategy.
Oversimplified, Every trade involves a loser. If you buy and the stock falls, the seller “wins” if it goes up you “win”.
Someone is just mad that average americans now have an opportunity to invest and they are no longer going to be controlling it all. These guys have jsut served corporations and amassed large wealth and we all know how, just by spreading news about their speculations and the markets turned.
@bookz dot media – AME 153 Podcast – censored by YT Untill it blocks your GME buy orders so that big hedge funds can short it? Is that how Robinhood is great?
Guess I was born in the wrong generation lol
My Grandfather said. No one earns money in stock market. But Warren Buffet and charlie Munger did. Now they are celebrated. Now these grand fathers are saying Robinhood is not real. Hope after 20 years todays hype will be normal.
Jesus loves you please come back
Doesnt matter fact is Robin hood found a way to provide a service to thier customers without charging them directly. So as far as the user is concern they arnt paying for trades and that increases thier profitability.
That’s what matters more to the trader and investor.
So traders pay a fraction more for the stocks. Which is still much less than fee based trades.
FYI, don’t buy bitcoin on Robinhood. You don’t actually own bitcoin. You can’t move it.
Very true
That is actually true like Facebook who collect data on us every time we click on a link so to does Robinhood on whatever we trade.
He just figured this out? This is why you will be left in the dust. You’re like 5 years late, or 6, I forget when the robinhood came out.
So, what platform should novices use? Like are dislike Robinhood, its wildly popular. Thats for a reason. They fill a place in the market.
He did not say do not use. He says it is NOT free because they do not offer u the best price for trades
@BILLIONAIRE GH OFFICIAL so that assumes there is a better platform… so?
Das ok made 250$ yesterday on cryptos. They can have a little bit.
You’ll be lucky to sell off $240 of that profit with how Robinhood sets its trading. Now multiple that by millions in trade.
@Larry is Right limit sell
What should I do to get out robinhood.
I made lifechanging oodles on that app. I’m not upset. I’m not impressed with RH, but not upset
Its free to trade. But robinhood manipulates the prices. That’s how it gets its share.
Robinhood is the most scammy unethical brokerage there is
Well when u trade $1000 i rather pay order flow than a $6.99 commission. I can understand once ur a billionaire and ur avg transactions is 100K
They leverage their positions so when their trade is successful they earn 10x and more on their teturn…a $100000 tnx fee is peanuts compared to their profit
Why are the Billionaires complaining and talking down a app which allows the everyday, average worker to have access to the stock market. Let the rich get richer and let the poor stay poor. It’s time for change!
He is absolutely right, the stock prices are showing way higher than the actual price. It’s so scam that I hate using this platform for trading
Of course when you sell they take an extremely small percentage just like every other place. The reason we use RH is coz we’re always finding ways to abuse the system with them.
It is true . It was never meant to be free they make more money when you sell and buy stocks. I would rather pay fixed commission to trade than this free crap.
I agree. What they do is charge you an average price for the day. They het it for the price you trade on then sell it at the higher of the prices making a few pennies on each stock or coin they sell. I bough doge at 4 cents. Until the trade went through it was 7 cents. Pocketing 3 cents per coin.
And imagine on the options price, it’s far worst