Investing

Robinhood Traders Are Risking Enormous Wealth Destruction, Bernstein Says

Charlie Munger, mocked on social media, is right to criticize short-term trading in hot stocks, according to the investment management firm.

Charlie MungerPhotographer: Houston Cofield/Bloomberg
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Don’t mock the wisdom of Charlie Munger.

That’s the message of a research report released Wednesday by the founder of investment management firm Richard Bernstein Advisors.