Warren Buffett, Robinhood, and the New Paradigm for Creating Wealth in the 21st Century Posted May 6, 2021 At Berkshire Hathaway's (NYSE: BRK.B) (NYSE: BRK.A) annual meeting, Warren Buffett took a not-so-veiled swipe at Robinhood, basically likening it and its customers to casinos and degenerate gamblers. Buffett told investors that Robinhood has "become a very significant part of the casino aspect, the casino group, that has joined the stock market in the last year or year and a half." There is some truth to that. A lot of investors these days — particularly younger investors with limited income — absolutely play the stock market in a similar way one would play the slots in Vegas.