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Why Cramer Isn t A Fan Of Buffett s Advice To Retail Investors On Not Owning Individual Stocks
CNBC host Jim Cramer has rejected
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) chairman Warren Buffett’s advice to new retail investors to invest in index funds rather than individual stocks.
What Happened: The “Mad Money” host said he does not share Buffett’s views and advised individual investors to adopt a hybrid investing model, adding that he favors the investment philosophy of Peter Lynch.
“I respect Warren Buffett, but I’ll always be a Peter Lynch guy,” Cramer said.
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The following originally appeared on Capital Watch
Pledging to reopen fully July 1, the strangely unimposing six-foot-five NYC mayor, Bill de Blasio, declared this “the summer of New York” at a news conference Thursday.
“We’re all going to get to enjoy the city again, and people are going to flock here from all over the country to be a part of this amazing moment,” said de Blasio.
From all over the country? Sounds like a plan. I mean, what could possibly go wrong? Now, don’t misunderstand me. I am as much for reopening as anyone; having both been infected by Covid-19 and vaccinated, I am a walking antibody for certain strains, anyway. We should open here in New York and enjoy the summer; it will not be long before another strain starts to spread and brings all the fun, albeit temporarily, to a halt. Particularly if the unvaccinated continue to act moronically.
By Syndicated Content
May 3, 2021 7:57 AM
(Reuters) â Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers.
Speaking at Berkshire Hathaway Incâs annual meeting, Buffett said Robinhood has attracted, âmaybe set out to attract,â a large number of people who are just gambling on short-term price movements. Buffettâs long-time business partner, Charlie Munger, was more harsh, saying it was âdeeply wrongâ.
âIf the last year has taught us anything, it is that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing,â said a blog post https://robinhood.engineering/the-old-guard-of-investing-is-at-it-again-a8b870fbfd49 on Robinhoodâs website by its Head of Public Policy Communications Jacqueline Orti
Robinhood hits back at Buffett for retail trading comments
05/03/2021 15:14
(Reuters) - Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers.
Speaking at Berkshire Hathaway Inc s annual meeting, Buffett said Robinhood has attracted, maybe set out to attract, a large number of people who are just gambling on short-term price movements. Buffett s long-time business partner, Charlie Munger, was more harsh, saying it was deeply wrong . If the last year has taught us anything, it is that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing, said a blog post https://robinhood.engineering/the-old-guard-of-investing-is-at-it-again-a8b870fbfd49 on Robinhood s website by its Head of Public Policy Communications Jacqueline Ortiz Ramsay published on M