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Berkshire Hathaway chairman Warren Buffett has said that high-speed trading contributes nothing to capitalism.
Berkshire Hathaway chairman Warren Buffett has said that high-speed trading contributes nothing to capitalism.
(Kim Kyung Hoon/REUTERS)

Buffett takes aim at high-speed trading

Warren Buffett’s folksy ways have briefly slowed the path of high-speed trading. The Omaha billionaire pulled the plug on hedge funds buying a feed of corporate news releases from his Business Wire. Mr. Buffett also has expressed distaste for the modern methods of buying and selling stocks. Though they can be parasitic, there are also benefits. Nostalgia is best reserved for Cherry Coke.