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Buffett Sees Market as a Casino | Raleigh News
Berkshire Hathaway’s cash pile just hit an all-time high—nearly $400 billion—and Warren Buffett is sounding the alarm: the market’s in a “gambling mood,” more casino than serious investing. With stocks soaring thanks to AI hype and strong earnings, Buffett remains skeptical, calling one-day options trading pure speculation. Despite selling more than buying for 14 straight quarters—even under new CEO Greg Abel—Berkshire’s cash isn’t idle; it’s earning $12 billion annually in interest. Buffett isn’t urging investors to flee the market, but warns against overpriced stocks priced as if nothing…
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