Buffett again criticizes the "gambling" chaos in the U.S. stock market
According to a report on the CNBC website on the 15th, Warren Buffett, a well-known investor and chairman of Berkshire Hathaway, said in an interview with CNBC that the current U.S. stock market is increasingly dominated by short-term speculative transactions rather than long-term investment. Buffett bluntly said: "When everyone likes to 'gamble,' it is difficult to find real value investments." This is not the first time Buffett has criticized the chaos in the U.S. stock market this year. In May, he called one-day options trading "gamble." Looking at the trend of U.S. stocks this year, the market bucked the trend and rose despite multiple negative disturbances, hitting record highs repeatedly.
According to a report on the CNBC website on the 15th, Warren Buffett, a well-known investor and chairman of Berkshire Hathaway, said in an interview with CNBC that the current U.S. stock market is increasingly dominated by short-term speculative transactions rather than long-term investment. Buffett bluntly said: "When everyone likes to 'gamble,' it is difficult to find real value investments." This is not the first time Buffett has criticized the chaos in the U.S. stock market this year. In May, he called one-day options trading "gamble." Looking at the trend of U.S. stocks this year, the market bucked the trend and rose despite multiple negative disturbances, hitting record highs repeatedly. But behind the market boom, hidden dangers of speculative bubbles continue to accumulate. Many market analysts have warned that stocks related to the artificial intelligence track are currently overheated. With the help of overlay options, leveraged exchange-traded funds (ETFs) and other tools, ordinary retail investors are pouring into the stock market in large numbers and buying the stocks of memory chip companies such as Micron Technology and newly listed companies such as SpaceX. Buffett said that sometimes, high-quality investment opportunities come one after another; but more often, investors are lucky to find a high-quality opportunity within a few years, and the latter is the norm in the market. "He said, "But since everyone likes 'gambling,' it is more profitable to cultivate 'gamblers' than to cultivate investors. (