Casino capitalism ala Against the Day. And long before today in a myriad of ways.

Mark Kohut mark.kohut at gmail.com
Sun May 1 09:46:00 UTC 2022


   - Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for
   encouraging speculative behavior in the stock market, effectively turning
   it into a “gambling parlor.”
   - Buffett, 91, spoke at length during his annual shareholder meeting
   Saturday about one of his favorite targets for criticism: investment banks
   and brokerages.
   - “Wall Street makes money, one way or another, catching the crumbs that
   fall off the table of capitalism,” Buffett said. “They don’t make money
   unless people do things, and they get a piece of them. They make a lot more
   money when people are gambling than when they are investing.”


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