On July 16, 95-year-old Warren Buffett issued another warning about the current market during an interview with CNBC. He believes that US stocks are increasingly driven by speculative trading rather than long-term investment judgments, making it harder to identify truly valuable assets. "When everyone is more inclined to gamble, it's difficult to find real value," Buffett told CNBC host Becky Quick. He also discussed Berkshire Hathaway's new investment in Alphabet (GOOG), his views on Apple, and his assessment of Federal Reserve Chairman Kevin Warsh. Earlier this year, Buffett sharply criticized the stock market. In May, he described the stock market as "a church with a casino attached," specifically pointing out the surge in one-day options trading, stating that it is essentially "gambling." At the time of his remarks, US stocks had rebounded to historic highs this year, overcoming the "wall of worry" created by ongoing energy shocks from the war with Iran. Some skeptics argue that stocks related to artificial intelligence are overly infused with speculative elements, while tools like options and leveraged exchange-traded funds further amplify this sentiment. Buffett also spoke about the new Fed Chairman Warsh in the interview, calling him a "good choice" for the position. Buffett stated, "I believe he will do his utmost to fulfill his mission, which is to achieve a 2% inflation target and maintain maximum employment." However, he added, "He cannot do it perfectly, just as I know I cannot perfectly generate excess returns with other people's money." "He cares about this country," Buffett said. "I think many people do. That doesn't mean their decisions are always correct, as sometimes decisions are just too difficult."