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1 May 9:16pm

Warren Buffett says online trading platforms encourage ‘gambling impulse’

The Guardian
Legendary investor warns about the risks of stock trading while his partner calls cryptocurrencies ‘disgusting’ 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. Speaking in Los Angeles, the legendary billionaire investor said it could be tough to pick the long-term winners. He pointed out that in 1903 there were more than 2,000 car companies, and nearly all of them failed, even though cars have transformed the country since then.
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