Charlie Munger: 'Civilization would do better without' Robinhood

Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, shares his thoughts on Robinhood Markets, following the short-squeeze frenzy.

Video Transcript

CHARLIE MUNGER: It's most egregious in the momentum trading by novice investors, lured in by new types of brokerage operation, like Robinhood. And I think all of this activity is regrettable. I think civilization would do better without it.