Legendary investor Warren Buffett sounded the alarm over stock market valuations, saying value investing is fizzling out as people prefer gambling instead in the current environment. However, his firm Berkshire Hathaway meanwhile is continuing to aggressively invest in the market.
"It is tough to find values when everybody is preferring gambling," Buffett said in his interview to CNBC in July. He added that there are times when opportunities are just thrown at an investor so fast, and then there are other times when the investor is lucky to find one thing in a couple of years. "And it should always be that the latter is what prevails," the 'Oracle of Omaha' said.
