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.
He is correct, but falls short of saying the stock market is nothing but a casino...
Hard to disagree with a man who made his fortune predicting market trends. Buffet is still a cheap SOB, with a very weak soul which will never survive God's judgment in heaven. Have fun coming back!
...in the poors, much in the same way that Wall Street has been encouraging a 'gambling impulse' in the ultra-wealthy American ruling caste for decades. Warren Buffett is not a good man.
The world is changing, grandpa!
With inflation skyrocketing and a Fed ignoring it, it’s a gamble *not* investing right now. Can your .5% savings account keep pace with housing prices increasing 20k a month, for 4 months straight? Seems more like survival instinct than gambling inflation
Two dinosaurs waiting for an asteroid HFSP
Mega-billionaire dumps airline stock because they might not get government bailouts if he owned it, slags off the little guy for gambling because 'you can't build a society that way'. Thanks, Wazza, enjoy your money mountain, dude.
He's not wrong on that. Any tool can be misused and abused.
Its bad because he does not understands it. If he cant understand it, he cant exploit it, if he cant exploit it then no one should.
well im doing better investing than when i go to the casino 😆
Investing in stocks is and has ALWASY been gambling. There are literally online gambling platforms to play poker, so why can that be a form of easily accessible potentially profitable entertainment yet common folk shouldn’t be capable of trading stocks so easily? Fucking BOOMERS!
What is trading at exchanges if not gambling?
Isn’t that all that investing in the stock market is? Except the superwealthy who are essentially able to engage in legal forms of insider trading. (Come on, let’s get real.) MayDay2021
Shareholding has destroying democracy.
Online gambling encourages gambling impulses too.
Stockmarket trading is glorified gambling and.....
Who cares what these dinosaurs think? They are upset it's not so simple to single handidly manipulate the market.