Warren Buffett is worried.
The legendary investor called out reckless speculation in markets and the massive cost of the AI buildout during a rare interview with CNBC on Wednesday.
“It’s tough to find values when everybody is preferring gambling,” the famously disciplined bargain hunter said.
Berkshire Hathaway’s 95-year-old chairman, who stepped down as CEO at the turn of the year, said it’s been hard to find good deals for years now because the market has shifted in favor of speculators.
He said that “humans love to gamble so much, there’s more money in actually cultivating gamblers than there is in cultivating investors.”
Business Insider reached out to several of Buffett’s close followers for their take on his message. Buffett’s secretary didn’t immediately respond to a request for comment.
“Buffett is warning investors — not to avoid AI,…
