Is Robinhood trades free? see what Berkshire co founder Charlie Munger said about Robinhood charges

A lot of investors are told that Robinhood trades are free, but is it really free? this is what Charlie Munger said about Robinhood charges. 


Robinhood has been accused of bad business practices by users and by some investment professionals around the world. 


Robinhood has “become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year or year and a half,” Warren Buffett said at Berkshire Hathaway’s annual meeting on Saturday.



“American corporations have turned out to be a wonderful place for people to put their money and save but they also make terrific gambling chips,” said Buffett. “If you cater to those gambling chips when people have money in their pocket for the first time and you tell them they can make 30 or 40 or 50 trades a day and you’re not charging them any commission but your selling their order flow or whatever...I hope we don’t have more of it." Buffet added.

Warren Buffet is an important person in the investing world, many people listen to him, will Robinhood hear him out and listen to him? Can they risk their company's valuation because of Warren Buffet's view of them and also can they do right by the investors and help them make better investment decisions? 

These are the question that Robinhood needs to attend to, to evaluate the company's position in the investing world. 

Read about Robinhood's issues with GameStop investors here

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