Warren Buffett slams Wall Street for becoming a ‘gambling parlor’
Warren Buffett, the CEO of Berkshire Hathaway, condemned Wall Street for encouraging speculative behavior in the stock market, effectively turning one of America’s largest financial institutions into a “gambling parlor.”The 91-year-old executive made the comments on Saturday during his company’s annual shareholder meeting. The primary targets of his criticisms were investment banks and brokerages, CNBC reported.Buffett said, “Wall Street makes money, one way or another, catching the crumbs that fall […]