{"id":216539,"date":"2026-09-05T19:08:10","date_gmt":"2026-09-05T19:08:10","guid":{"rendered":"https:\/\/www.europesays.com\/people\/216539\/"},"modified":"2026-09-05T19:08:10","modified_gmt":"2026-09-05T19:08:10","slug":"warren-buffett-called-todays-stock-market-a-church-with-a-casino-attached-warning-that-weve-never-had-people-in-a-more-gambling-mood-than-now-does-history-say-investors-should-pull-back-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/216539\/","title":{"rendered":"Warren Buffett Called Today&#8217;s Stock Market &#8216;a Church with a Casino Attached,&#8217; Warning That &#8216;We&#8217;ve Never Had People in a More Gambling Mood Than Now.&#8217; Does History Say Investors Should Pull Back?"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">Warren Buffett, the former CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), is one of the world&#8217;s most famous investors. In fact, his long-term success as an investor earned him the nickname the Oracle of Omaha. So investors should pay attention when he issues a warning about elevated risk, as he recently did by suggesting there&#8217;s a gambling mentality on Wall Street today. However, Wall Street&#8217;s long-term history still has an important story to tell, too.<\/p>\n<p>The gambling mentality is on full display<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Buffett lamented that &#8220;we&#8217;ve never had people in a more gambling mood than now,&#8221; in an interview with Fortune. He even invoked the notion of religious fervor, opining that Wall Street is like a church with a casino attached. That is a very negative view of the market environment, but it isn&#8217;t unrealistic.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Missed Nvidia in 2009? This Rare Signal Is Flashing Again.\u00a0In 2009, a &#8220;Double Down&#8221; signal flashed for a little-known chipmaker called Nvidia.\u00a0For the first time in years, that same &#8220;Total Conviction&#8221; signal is flashing for a company 1\/100th the size of Nvidia.\u00a0<a data-ylk=\"slk:Continue \u00bb;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/api.fool.com\/infotron\/infotrack\/click?apikey=35527423-a535-4519-a07f-20014582e03e&amp;impression=68a85cda-056d-40c4-afcf-f304006300f0&amp;url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fa-sa-dd-total-conviction%3Faid%3D11123%26source%3Disaediica0000074%26ftm_cam%3Dsa-dd-4%26ftm_veh%3Dtop_incontent_pitch_feed_yahoo%26ftm_pit%3D19375&amp;utm_source=yahoo-host-full&amp;utm_medium=feed&amp;utm_campaign=article&amp;referring_guid=a9af12bb-790c-46b8-8935-8e6a710b048d\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Continue \u00bb<\/a><\/p>\n<p><img alt=\"A closeup of Warren Buffett.\" loading=\"lazy\" width=\"960\" height=\"640\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/09\/https:\/\/media.zenfs.com\/en\/motleyfool.com\/41af595a833b3b6731bd6ca021c47c88.jpg\"\/><\/p>\n<p>Image source: The Motley Fool.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">After <a data-ylk=\"slk:rushing headlong into cryptocurrencies;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.fool.com\/investing\/stock-market\/market-sectors\/financials\/cryptocurrency-stocks\/is-cryptocurrency-good-investment\/?utm_source=yahoo-host-full&amp;utm_medium=feed&amp;utm_campaign=article&amp;referring_guid=a9af12bb-790c-46b8-8935-8e6a710b048d\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">rushing headlong into cryptocurrencies<\/a>, droves of people have now taken up prediction markets. Cryptocurrencies have no intrinsic value and are worth only what their owners are willing to pay. And prediction markets, by definition, have binary outcomes based on time-limited events. That predicting the outcome of a sports event (effectively gambling) can now take place at the same broker a person uses to buy stock in a company should be pretty shocking. And yet it is the norm today for many discount brokers.<\/p>\n<p><a data-ylk=\"ct:story;elm:img;itc:0;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" class=\"stretched-box\" href=\"https:\/\/ycharts.com\/indices\/%5ESPX\/chart\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\"><img alt=\"^SPX Chart\" loading=\"lazy\" width=\"720\" height=\"441\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/09\/https:\/\/media.zenfs.com\/en\/motleyfool.com\/11b4cf665d8e5e3b16224d6a8ac6f4fd.png\"\/><\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">However, even if you are as worried as Buffett, that doesn&#8217;t mean you should dump <a data-ylk=\"slk:your long-term investment approach;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.fool.com\/investing\/how-to-invest\/stocks\/?utm_source=yahoo-host-full&amp;utm_medium=feed&amp;utm_campaign=article&amp;referring_guid=a9af12bb-790c-46b8-8935-8e6a710b048d\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">your long-term investment approach<\/a>. As the chart above highlights, the market has recovered after every bear market in history. In fact, the S&amp;P 500 index (SNPINDEX: ^GSPC) has gone on to achieve new highs after every single downturn in history so far. It is highly likely that this trend will continue, even if investment risk is high today.<\/p>\n<p>Find something that works for you and stick with it<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">What&#8217;s interesting is that if you had simply bought the S&amp;P 500 index and kept buying it, ignoring Wall Street and famous investors (including Warren Buffett), you would have done fairly well as an investor. The real story here, however, is picking an investment approach that you can stick to and, well, stick to it through the inevitable good and bad times you&#8217;ll face as an investor. History suggests Buffett is probably correct about elevated risk, and that, despite his concerns, you probably shouldn&#8217;t change your long-term investment approach.<\/p>\n<p>Should you buy stock in Berkshire Hathaway right now?<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Before you buy stock in\u00a0Berkshire Hathaway, consider this:<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a0<a data-ylk=\"slk:10 best stocks;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/api.fool.com\/infotron\/infotrack\/click?apikey=35527423-a535-4519-a07f-20014582e03e&amp;impression=840205f7-7818-4b7c-ab85-439505612b7d&amp;url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-bn%3Faid%3D8867%26source%3Disaeditxt0001213%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_yahoo%26ftm_pit%3D19383&amp;utm_source=yahoo-host-full&amp;utm_medium=feed&amp;utm_campaign=article&amp;referring_guid=a9af12bb-790c-46b8-8935-8e6a710b048d\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">10 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Berkshire Hathaway\u00a0wasn&#8217;t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Consider when\u00a0Netflix\u00a0made this list on December 17, 2004&#8230; if you invested $1,000 at the time of our recommendation,\u00a0you&#8217;d have $421,997!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005&#8230; if you invested $1,000 at the time of our recommendation,\u00a0you&#8217;d have $1,413,876!*<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">That performance is why people listen. With a track record of\u00a0beating the S&amp;P 500 by nearly 5x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don&#8217;t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:See the 10 stocks \u00bb;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/api.fool.com\/infotron\/infotrack\/click?apikey=35527423-a535-4519-a07f-20014582e03e&amp;impression=840205f7-7818-4b7c-ab85-439505612b7d&amp;url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-bn%3Faid%3D8867%26source%3Disaeditxt0001213%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D19383%26ftm_veh%3Darticle_pitch_feed_yahoo%26company%3DBerkshire%2520Hathaway&amp;utm_source=yahoo-host-full&amp;utm_medium=feed&amp;utm_campaign=article&amp;referring_guid=a9af12bb-790c-46b8-8935-8e6a710b048d\" class=\"ticker_pitch\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">See the 10 stocks \u00bb<\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">*Stock Advisor returns as of September 5, 2026.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:Reuben Gregg Brewer;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.fool.com\/author\/2110\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Reuben Gregg Brewer<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a <a data-ylk=\"slk:disclosure policy;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.fool.com\/legal\/fool-disclosure-policy\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">disclosure policy<\/a>.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a data-ylk=\"slk:Warren Buffett Called Today&#039;s Stock Market &#039;a Church with a Casino Attached,&#039; Warning That &#039;We&#039;ve Never Had People in a More Gambling Mood Than Now.&#039; Does History Say Investors Should Pull Back?;elm:context_link;itc:0;sec:content-canvas;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;link&quot;,&quot;yLinkElementType&quot;:&quot;article_link&quot;}\" href=\"https:\/\/www.fool.com\/investing\/2026\/09\/05\/warren-buffett-called-todays-stock-market-a-church\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Warren Buffett Called Today&#8217;s Stock Market &#8216;a Church with a Casino Attached,&#8217; Warning That &#8216;We&#8217;ve Never Had People in a More Gambling Mood Than Now.&#8217; Does History Say Investors Should Pull Back?<\/a> was originally published by The Motley Fool<\/p>\n","protected":false},"excerpt":{"rendered":"Warren Buffett, the former CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), is one of the world&#8217;s most famous&hellip;\n","protected":false},"author":2,"featured_media":216540,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[162],"tags":[21084,91786,1144,3784,91818,2218,575,1146,838,91817,669],"class_list":["post-216539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-warren-buffett","tag-21084","tag-91786","tag-berkshire-hathaway","tag-buffett","tag-motley","tag-motley-fool","tag-nvidia","tag-nyse","tag-oracle","tag-stock-advisor","tag-warren-buffett"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/117220010078776835","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/216539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=216539"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/216539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/216540"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=216539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=216539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=216539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}