Warren Buffett has criticized the stock market for becoming increasingly driven by speculative trading rather than long-term investing.
“It’s hard to find value when everyone likes to gamble,” Buffett told CNBC’s Becky Quick.
chairman of Berkshire Hathaway He made some sharp remarks on the stock market earlier this year. In May, he likened it to a “church with a casino” and specifically called the surge in single-day options trading “gambling.”
The stock market rose to an all-time high this year, overcoming concerns such as the energy shock caused by the continued war with Iran. Skeptics say there is too much speculation in stocks linked to developments in artificial intelligence, with options and leveraged ETFs and other vehicles adding fuel to the fire. More and more retail traders are flocking to the stock market to buy shares in memory chip makers. micron and recent initial public offerings. space x.
The 95-year-old billionaire investor, known for his commitment to value investing, expressed his belief that the most meaningful investment opportunities are rare and require a patient and disciplined approach.
“Sometimes you get an opportunity so quickly that you don’t get it. It’s unbelievable,” Berkshire’s chairman said. “Then you can be very, very lucky if you find something in a few years. And the latter should always be the priority.”
“But humans love to gamble, so you actually make more money by training gamblers than by training investors,” he says.
