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- AriesdingAriesding
  ·2021-07-21
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  GameStop Stock: Why NFT Could Be Big For The Company
  In recent days, news that GameStop would enter the NTF arena gained traction among apes and Reddit t
  GameStop Stock: Why NFT Could Be Big For The Company
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- AriesdingAriesding
  ·2021-07-21
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- AriesdingAriesding
  ·2021-02-25
  Tiger quest ftw
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- AriesdingAriesding
  ·2021-02-25
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  Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000
  KEY POINTS Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime busine
  Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000
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- AriesdingAriesding
  ·2021-02-25
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  Munger Calls Out Robinhood, Other Brokers for ‘Dirty’ Money
  Munger also says that ‘commission-free’ trading is a lie ‘No question’ that Wells Fargo let down inv
  Munger Calls Out Robinhood, Other Brokers for ‘Dirty’ Money
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- AriesdingAriesding
  ·2021-02-25
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22:52","market":"us","language":"en","title":"GameStop Stock: Why NFT Could Be Big For The Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1171942645","media":"The Street","summary":"In recent days, news that GameStop would enter the NTF arena gained traction among apes and Reddit t","content":"<blockquote>\n In recent days, news that GameStop would enter the NTF arena gained traction among apes and Reddit traders. Wall Street Memes discusses why this could be good news for the stock.\n</blockquote>\n<p>GameStop(<b>GME</b>) -Get Report&nbsp;shares have been heading lower week after week since June 9. But the meme mania pioneer remains one of the most debated stocks among Redditors. Last week, on July 14, news of GameStop's NFT release bumped the stock’s popularity on WallStreetBets. See below.</p>\n<p><img src=\"https://static.tigerbbs.com/49b29adf1b83b81570131704bc926fd2\" tg-width=\"578\" tg-height=\"426\" width=\"100%\" height=\"auto\"></p>\n<p><b>Latest news</b></p>\n<p>Recently, news has surfaced that a GameStop NFT (non-fungible token) project was underway. Some investors and traders saw the development as a potential catalyst for the stock.</p>\n<p>NFT is a single asset usually embedded in an object (like a video game skin, for example) and registered in a blockchain network. It is an encrypted digital record of a piece of art that can be bought, sold, and collected.</p>\n<p>The news gained relevance after GameStop launched awebsiteabout NFT in the past few weeks. However, not much more information has been shared by the company so far.</p>\n<p><b>Why NFT is relevant</b></p>\n<p>NFT is a form of CryptoArt. The art pieces can take the form of a logo, a phrase, a song, and are published directly into the blockchain.</p>\n<p>Although the CryptoArt market has been around for a while, it has gained more attention in 2021. The chart below shows that the CryptoArt market is already valued at $594 million, as more than 800,000 artwork pieces have been sold so far.</p>\n<p><img src=\"https://static.tigerbbs.com/1da87434ce7d81d763c8e3542a22fd34\" tg-width=\"700\" tg-height=\"286\" width=\"100%\" height=\"auto\"></p>\n<p><b>Below are some fun facts about CryptoArt:</b></p>\n<ol>\n <li>the co-creator of the famous cartoon Ricky and Morty auctioned off a hand-drawn black and white piece of CryptoArt for $150,000;</li>\n <li>the most expensive CryptoArt on record was sold for $69 million: Everydays, by artist Beeple;</li>\n <li>viral video “Charlie bit my finger” was turned into an NFT andsoldfor over $760,000 in June;</li>\n <li>the CEO of Twitter sold his first tweet artwork for $2.9 million.</li>\n</ol>\n<p><b>Can GME benefit from NFTs?</b></p>\n<p>GameStop has not yet offered details about the launch of its NFT or its strategy around it. It is safe to say that the company would benefit from diversifying its business model, expanding further beyond gaming and the brick-and-mortar channel – and that it is probably looking to do so with digital art.</p>\n<p>The company is currently pushing to turn its fortunes around. CEO George Sherman left the company after failing to meet his goals – not beforecashing insome of his GME shares at meme prices.</p>\n<p>On the e-commerce front, GameStop has recently hired several former Amazon employees to improve the digital strategy. Billionaire Chewy co-founder and GameStop chairman Ryan Cohen seems to have the credentials to help overhaul GameStop’s operations, which has helped to keep meme mania alive.</p>\n<p>Will GameStop succeed at turning its business around? Only time will tell. In the meantime, the Reddit crowd seems to be paying close attention, in hopes that the stock can surge once again.</p>\n<p><b>Twitter speaks</b></p>\n<p>GameStop shares have been well off their June 9 levels, and about 50% below the late January top. How confident are you that GME will revisit its previous highs?</p>\n<p><img src=\"https://static.tigerbbs.com/1af943b6db22d4748b069b325c6d108f\" tg-width=\"569\" tg-height=\"452\" width=\"100%\" height=\"auto\"></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Stock: Why NFT Could Be Big For The Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Stock: Why NFT Could Be Big For The Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 22:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/memestocks/gme/gamestop-stock-why-nft-could-be-big-for-the-company><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In recent days, news that GameStop would enter the NTF arena gained traction among apes and Reddit traders. Wall Street Memes discusses why this could be good news for the stock.\n\nGameStop(GME) -Get ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/gme/gamestop-stock-why-nft-could-be-big-for-the-company\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.thestreet.com/memestocks/gme/gamestop-stock-why-nft-could-be-big-for-the-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171942645","content_text":"In recent days, news that GameStop would enter the NTF arena gained traction among apes and Reddit traders. Wall Street Memes discusses why this could be good news for the stock.\n\nGameStop(GME) -Get Report shares have been heading lower week after week since June 9. But the meme mania pioneer remains one of the most debated stocks among Redditors. Last week, on July 14, news of GameStop's NFT release bumped the stock’s popularity on WallStreetBets. See below.\n\nLatest news\nRecently, news has surfaced that a GameStop NFT (non-fungible token) project was underway. Some investors and traders saw the development as a potential catalyst for the stock.\nNFT is a single asset usually embedded in an object (like a video game skin, for example) and registered in a blockchain network. It is an encrypted digital record of a piece of art that can be bought, sold, and collected.\nThe news gained relevance after GameStop launched awebsiteabout NFT in the past few weeks. However, not much more information has been shared by the company so far.\nWhy NFT is relevant\nNFT is a form of CryptoArt. The art pieces can take the form of a logo, a phrase, a song, and are published directly into the blockchain.\nAlthough the CryptoArt market has been around for a while, it has gained more attention in 2021. The chart below shows that the CryptoArt market is already valued at $594 million, as more than 800,000 artwork pieces have been sold so far.\n\nBelow are some fun facts about CryptoArt:\n\nthe co-creator of the famous cartoon Ricky and Morty auctioned off a hand-drawn black and white piece of CryptoArt for $150,000;\nthe most expensive CryptoArt on record was sold for $69 million: Everydays, by artist Beeple;\nviral video “Charlie bit my finger” was turned into an NFT andsoldfor over $760,000 in June;\nthe CEO of Twitter sold his first tweet artwork for $2.9 million.\n\nCan GME benefit from NFTs?\nGameStop has not yet offered details about the launch of its NFT or its strategy around it. It is safe to say that the company would benefit from diversifying its business model, expanding further beyond gaming and the brick-and-mortar channel – and that it is probably looking to do so with digital art.\nThe company is currently pushing to turn its fortunes around. CEO George Sherman left the company after failing to meet his goals – not beforecashing insome of his GME shares at meme prices.\nOn the e-commerce front, GameStop has recently hired several former Amazon employees to improve the digital strategy. Billionaire Chewy co-founder and GameStop chairman Ryan Cohen seems to have the credentials to help overhaul GameStop’s operations, which has helped to keep meme mania alive.\nWill GameStop succeed at turning its business around? Only time will tell. In the meantime, the Reddit crowd seems to be paying close attention, in hopes that the stock can surge once again.\nTwitter speaks\nGameStop shares have been well off their June 9 levels, and about 50% below the late January top. How confident are you that GME will revisit its previous highs?","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178879519,"gmtCreate":1626802501431,"gmtModify":1703765536264,"author":{"id":"3562324973418327","authorId":"3562324973418327","name":"Ariesding","avatar":"https://static.tigerbbs.com/072da8194b0fcd18a8fe3cfb32cbb5d0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562324973418327","authorIdStr":"3562324973418327"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178879519","repostId":"2152657163","repostType":4,"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361664764,"gmtCreate":1614229998858,"gmtModify":1704889903212,"author":{"id":"3562324973418327","authorId":"3562324973418327","name":"Ariesding","avatar":"https://static.tigerbbs.com/072da8194b0fcd18a8fe3cfb32cbb5d0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562324973418327","authorIdStr":"3562324973418327"},"themes":[],"htmlText":"Tiger quest ftw","listText":"Tiger quest ftw","text":"Tiger quest ftw","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361664764","repostId":"1138521814","repostType":4,"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361663365,"gmtCreate":1614229532157,"gmtModify":1704889893306,"author":{"id":"3562324973418327","authorId":"3562324973418327","name":"Ariesding","avatar":"https://static.tigerbbs.com/072da8194b0fcd18a8fe3cfb32cbb5d0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562324973418327","authorIdStr":"3562324973418327"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/361663365","repostId":"1138521814","repostType":4,"repost":{"id":"1138521814","kind":"news","pubTimestamp":1614225756,"share":"https://ttm.financial/m/news/1138521814?lang=&edition=fundamental","pubTime":"2021-02-25 12:02","market":"us","language":"en","title":"Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1138521814","media":"cnbc","summary":"KEY POINTS\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime busine","content":"<div>\n<p>KEY POINTS\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy....</p>\n\n<a href=\"https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-25 12:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy....</p>\n\n<a href=\"https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BRK.A":"伯克希尔","GBTC":"Grayscale Bitcoin Trust","BRK.B":"伯克希尔B"},"source_url":"https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1138521814","content_text":"KEY POINTS\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy.\n“I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange,” he said.\nAsked about bitcoin’s price and Tesla’s market cap, Munger said, “I don’t know which is worse.”\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy.\nDuring an interview at the Daily Journal’s annual shareholder’s meeting,Munger was asked whether he thought it was crazier for bitcoin to hit $50,000 or for Tesla to reach a $1 trillion fully diluted enterprise value, he said: “Well I have the same difficulty that Samuel Johnson once had when he got a similar question, he said, ‘I can’t decide the order of precedency between a flea and a louse,’ and I feel the same way about those choices. I don’t know which is worse.”\nShares of Tesla rocketed 743% last year, though it’s currently down about 3% for 2021. Its market cap is about $689 billion. Bitcoin continued to surge to more than $50,000 over the past week after Tesla announced it bought $1.5 billion worth of the cryptocurrency.\nMunger was also asked what the biggest threat to banking is, and whether it was bitcoin or digital wallets like Apple Pay and Square.\n“I don’t think I know what the future of banking is, and I don’t think I know how the payment system will evolve,” he said. “I do think that a properly run bank is a great contributor to civilization and that the central banks of the world like controlling their own banking system and their own money supplies.”\n“So I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange. And it’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin.”\nMunger recommended others follow his practice.\n“Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable,” he added.\nDuring the same event,Munger also issued a dire warning for novice investors he said are being lured into a trading bubble through apps like Robinhood.","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361687697,"gmtCreate":1614229303419,"gmtModify":1704889889749,"author":{"id":"3562324973418327","authorId":"3562324973418327","name":"Ariesding","avatar":"https://static.tigerbbs.com/072da8194b0fcd18a8fe3cfb32cbb5d0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562324973418327","authorIdStr":"3562324973418327"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361687697","repostId":"1194977511","repostType":4,"repost":{"id":"1194977511","kind":"news","pubTimestamp":1614223438,"share":"https://ttm.financial/m/news/1194977511?lang=&edition=fundamental","pubTime":"2021-02-25 11:23","market":"us","language":"en","title":"Munger Calls Out Robinhood, Other Brokers for ‘Dirty’ Money","url":"https://stock-news.laohu8.com/highlight/detail?id=1194977511","media":"Bloomberg","summary":"Munger also says that ‘commission-free’ trading is a lie\n‘No question’ that Wells Fargo let down inv","content":"<ul>\n <li>Munger also says that ‘commission-free’ trading is a lie</li>\n <li>‘No question’ that Wells Fargo let down investors, Munger says</li>\n</ul>\n<p>Charlie Munger, the long-time business partner of Warren Buffett, said Robinhood Markets and other brokerages that attract inexperienced retail investors are essentially offering “gambling services” and have found a “dirty way” to make money.</p>\n<p>“I think you should try and make your money in this world by selling other people things that are good for them, and if you’re selling them gambling services -- where you make profits off the top, like many of these new brokers who specialize in luring the gamblers in -- I think it’s a dirty way to make money, and I think that we’re crazy to allow it,” Munger, 97, said Wednesday at the annual meeting of&nbsp;Daily Journal Corp., where he is chairman.</p>\n<p>A&nbsp;Robinhood&nbsp;spokeswoman didn’t immediately respond to emails seeking comment. The broker has faced criticism by lawmakers and the public since last month’s surge in trading of certain stocks, driven by retail investors. Its stated mission is to “democratize finance for all” by giving users an easy way to invest in public markets and helping to eradicate trading fees. Millions of people, many of them young, have flocked to the company’s platform in recent years.</p>\n<p>Munger took aim at trends including the Reddit-induced boom in stocks such as GameStop Corp. and the growth in SPACs, or special purpose acquisition companies, which he called a sign of an “irritating bubble.” He warned that this must end badly, but he’s not sure when.</p>\n<p>“It’s most egregious in the momentum trading by novice investors lured in by new types of brokerage operations like Robinhood,” Munger said. “I think all of this activity is regrettable. I think civilization would do better without it.”</p>\n<p>Munger called “commission-free” trading one of the most “disgusting” lies being perpetuated by the investing world.</p>\n<p>“Robinhood trades are not free,” Munger said. “When you pay for order flow, you’re probably charging your customers more and pretending to be free. It’s a very dishonorable, low-grade way to talk. And nobody should believe that Robinhood’s trades are free.”</p>\n<p>Munger, a&nbsp;Berkshire Hathaway Inc.&nbsp;vice chairman, has been at Buffett’s side for decades as they used corporate acquisitions and stock purchases to build the conglomerate into a behemoth valued at more than $580 billion.</p>\n<p>He’s also helped build the Daily Journal’s stock portfolio, which currently holds bets on companies including Bank of America Corp. and Wells Fargo &amp; Co. That company’s Wells Fargo holding has remained relatively stable and ended 2020 valued at $48 million, while Berkshire has been deeply slashing its stake in the lender. When questioned about that contrast, Munger cited different tax considerations and said there’s no need for Daily Journal and Berkshire to be aligned on everything.</p>\n<p>“There’s no question that Wells Fargo has disappointed long-term investors like Berkshire,” Munger said. “You can understand why Buffett got disenchanted with Wells Fargo. I think I’m a little more lenient. I expect less out of bankers than he does.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Munger Calls Out Robinhood, Other Brokers for ‘Dirty’ Money</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMunger Calls Out Robinhood, Other Brokers for ‘Dirty’ Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-25 11:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-02-24/munger-calls-out-robinhood-other-brokers-for-dirty-profits><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Munger also says that ‘commission-free’ trading is a lie\n‘No question’ that Wells Fargo let down investors, Munger says\n\nCharlie Munger, the long-time business partner of Warren Buffett, said ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-24/munger-calls-out-robinhood-other-brokers-for-dirty-profits\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","EXPR":"Express, Inc.",".DJI":"道琼斯","GME":"游戏驿站","BB":"黑莓","AMC":"AMC院线"},"source_url":"http://bloomberg.com/news/articles/2021-02-24/munger-calls-out-robinhood-other-brokers-for-dirty-profits","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194977511","content_text":"Munger also says that ‘commission-free’ trading is a lie\n‘No question’ that Wells Fargo let down investors, Munger says\n\nCharlie Munger, the long-time business partner of Warren Buffett, said Robinhood Markets and other brokerages that attract inexperienced retail investors are essentially offering “gambling services” and have found a “dirty way” to make money.\n“I think you should try and make your money in this world by selling other people things that are good for them, and if you’re selling them gambling services -- where you make profits off the top, like many of these new brokers who specialize in luring the gamblers in -- I think it’s a dirty way to make money, and I think that we’re crazy to allow it,” Munger, 97, said Wednesday at the annual meeting of Daily Journal Corp., where he is chairman.\nA Robinhood spokeswoman didn’t immediately respond to emails seeking comment. The broker has faced criticism by lawmakers and the public since last month’s surge in trading of certain stocks, driven by retail investors. Its stated mission is to “democratize finance for all” by giving users an easy way to invest in public markets and helping to eradicate trading fees. Millions of people, many of them young, have flocked to the company’s platform in recent years.\nMunger took aim at trends including the Reddit-induced boom in stocks such as GameStop Corp. and the growth in SPACs, or special purpose acquisition companies, which he called a sign of an “irritating bubble.” He warned that this must end badly, but he’s not sure when.\n“It’s most egregious in the momentum trading by novice investors lured in by new types of brokerage operations like Robinhood,” Munger said. “I think all of this activity is regrettable. I think civilization would do better without it.”\nMunger called “commission-free” trading one of the most “disgusting” lies being perpetuated by the investing world.\n“Robinhood trades are not free,” Munger said. “When you pay for order flow, you’re probably charging your customers more and pretending to be free. It’s a very dishonorable, low-grade way to talk. And nobody should believe that Robinhood’s trades are free.”\nMunger, a Berkshire Hathaway Inc. vice chairman, has been at Buffett’s side for decades as they used corporate acquisitions and stock purchases to build the conglomerate into a behemoth valued at more than $580 billion.\nHe’s also helped build the Daily Journal’s stock portfolio, which currently holds bets on companies including Bank of America Corp. and Wells Fargo & Co. That company’s Wells Fargo holding has remained relatively stable and ended 2020 valued at $48 million, while Berkshire has been deeply slashing its stake in the lender. When questioned about that contrast, Munger cited different tax considerations and said there’s no need for Daily Journal and Berkshire to be aligned on everything.\n“There’s no question that Wells Fargo has disappointed long-term investors like Berkshire,” Munger said. “You can understand why Buffett got disenchanted with Wells Fargo. I think I’m a little more lenient. I expect less out of bankers than he does.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361685557,"gmtCreate":1614229101279,"gmtModify":1704889887001,"author":{"id":"3562324973418327","authorId":"3562324973418327","name":"Ariesding","avatar":"https://static.tigerbbs.com/072da8194b0fcd18a8fe3cfb32cbb5d0","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562324973418327","authorIdStr":"3562324973418327"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361685557","repostId":"1138521814","repostType":4,"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}