New Delhi, June 4 -- Quote of the Day by Warren Buffett: "We've never had people in a more gambling mood than now. It doesn't mean investing is terrible. It does mean prices for an awful lot of things look very silly."

The lines show that speculation can irrationally inflate asset prices; wise investors should stay disciplined, avoid hype, and focus on long-term value.

The remark was made by Warren Buffett, one of the world's most successful investors, at Berkshire Hathaway's annual shareholder meeting in May 2026. He warned that markets were in a "gambling mood" due to speculation and short-term trading and discussed the growing speculative behaviour in financial markets. Buffett observed that many people were treating investing like g...