Warren Buffett said he’d bet on monkeys with darts over financial advisers
Berkshire Hathaway CEO Warren Buffett took swipes at Wall Street and financial advisers, saying the game is “simple” and that investing is not so different from gambling.
“The market has been extraordinary,” Buffett said while answering questions. “Sometimes it’s quite investment-oriented … and other times it’s almost totally a casino. It’s a gambling parlor.”
“That existed to an extraordinary degree, encouraged by Wall Street because the money is in turning over stocks.”
Buffett, 91, shared no love for financial advisers and Wall Street, saying they make money by feeding off “the crumbs from the table of capitalists” and called investment a “simple game.”
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