25 Feb 2021 Charlie Munger Renews Robinhood Criticism, Likens App to Racetrack Betting ( Portfolio )

"I hate this luring of people into engaging in speculative orgies," Mr. Munger told The Wall Street Journal from his Los Angeles home. Robinhood "may call it investing, but that’s all bullshit. It’s really just wild speculation, like casino gambling or racetrack betting. There’s a long history of destructive capitalism, these trading orgies whooped up by the people who profit from them."