Posted 3/4/2024, 4:08:28 PM
Buffett Finds Today's Markets Casino-Like Compared to His Early Days; Questions If Coinbase Will Last Like Berkshire
- Warren Buffett sees "casino-like behavior" in today's markets compared to when he first started investing
- Coinbase crashed temporarily due to a surge in traffic, reminiscent of Robinhood's issues in 2021
- Coinbase's stock price has soared over 200% in the past year despite the issues
- Buffett's business partner Charlie Munger called Robinhood "deeply wrong" for making money by selling "things that are bad for people"
- Buffett started investing in 1941, 71 years before Coinbase was founded, and questions if Coinbase will have the staying power of Berkshire Hathaway