The “Oracle of Omaha” also said he is looking forward to reading Robinhood’s pre-initial public offering SEC S-1 filing as the company nears it public debut, expected in the first half of 2021.
The Silicon Valley start-up found itself in the middle of a firestorm in January amid the short squeeze in GameStop, which was partially fueled by Reddit-driven retail investors.
The stock trading app Robinhood added nearly 6 million clients in the first two months of the year, according to estimates from JMP Securities.
“I think it’s just God awful that something like that brought investments from civilized men and decent citizens,” Munger said.