Berkshire's Warren Buffett told CNBC the market is driven by speculation, not investing. He called one-day options 'gambling' and said finding values is tough.
Alpha Score of 56 reflects moderate overall profile with weak momentum, strong value, moderate quality, moderate sentiment.
Warren Buffett told CNBC on Monday that the stock market is dominated by speculation, not long-term investing. "It's tough to find values when everybody is preferring gambling," the Berkshire Hathaway chairman said in an interview.
The market has climbed to record levels this year despite geopolitical risks. Some skeptics argue the rally is fueled by bets on AI stocks, options trading and leveraged ETFs. Buffett's criticism echoed his May remark that the market resembles "a church with a casino attached," pointing to the surge in one-day options as pure gambling.
He said meaningful investment opportunities appear rarely. "There are times when opportunities are just thrown at you so fast you can't, you know, it's unbelievable," Buffett said. "And then there's other times when you're very, very lucky if you find one thing in a couple of years. And it should always be that the latter is what prevails."
"Since humans love to gamble so much, there's more money in actually cultivating gamblers than there are cultivating investors," he added.
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