Buffett Says US Investors Have Never Been More Speculative, but Opportunities Remain

Warren Buffett, chairman of Berkshire Hathaway Inc., said the US investment environment still offers opportunities even as investor behavior grows increasingly speculative. The remarks highlight a shift in market sentiment.

Walter Bloomberg reported on May 2 that Buffett said he has never seen US investors act as speculatively as they do now.

He described a gambling-like mood as spreading across the broader market.

Even in that environment, Buffett said, investment opportunities still remain.

The remarks are being interpreted as a warning sign on investor sentiment amid a recent debate over overheating in asset markets.

Market participants are closely watching how changes in investor behavior could affect asset-price volatility and market structure. Liquidity and investment flows are expected to be key variables going forward.