Warren Buffett on the market today: 'It's tough to find values when everybody is preferring gambling'
Warren Buffett was critical of a stock market that he said is increasingly driven by speculative trading, as opposed to investing for the long term. "It's tough to find values when everybody is preferring gambling," Buffett told CNBC's Becky Quick . The chairman of Berkshire Hathaway had sharp words on the stock market earlier this year. In May, he likened it to "a church with a casino attached," specifically calling out the surge in one-day options trading as "gambling." The stock market has rallied to all-time highs this year, climbing a wall of worry that included an energy shock from an ongoing war with Iran. Skeptics have said there's too much speculation in stocks tied to the artificial intelligence build-out, with vehicles such as options and leveraged exchange-traded funds adding fuel to the fire. Equities have increasingly attracted retail traders en masse, who are buying shares of memory chipmaker Micron and recent initial public off...
