Warren Buffett Looks for Value in Today's Market But Comes Up Empty: ‘Everybody Is Preferring Gambling'

Buffett on Stock Market Valuations That $397 billion continues to sit on the sidelines as stocks hit record highs across many sectors. Buffett said he fails to see value in many investments and thinks the stock market is getting closer to a casino. "It’s tough to find values when everybody is preferring gambling," Buffett told CNBC Wednesday. The legendary investor said the market today is driven more by speculative trading and not long-term investing. "There are times when opportunities are just thrown at you so fast you can’t, you know, it’s unbelievable. 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, the latter is what prevails." Buffett said that humans like to gamble, wh...