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The Julia La Roche Show · Thursday, July 16, 2026

Oakley Cites Warren Buffett on Gambling vs. Investing

Ted Oakley referenced Warren Buffett's observation that it's difficult to find value when people are "preferring gambling." Oakley drew a parallel between Buffett's sentiment and the current market behavior, characterized by widespread speculation, particularly in areas like single-day options and leverage ETFs.

personWarren BuffettpersonBecky QuickcompanyCNBC

The tape

3 quotes
Yes, certainly. You know, even Warren Buffett, uh, said today on CNBC and an interview with, uh, Becky Quick, that it's tough to find values when everybody is preferring gambling. I think, uh, indicative of behavior we've seen of late.
Julia La Roche
Yes, certainly. You know, even Warren Buffett, uh, said today on CNBC and an interview with, uh, Becky Quick, that it's tough to find values when everybody is preferring gambling. I think, uh, indicative of behavior we've seen of late.
Julia La Roche
Yes, certainly. You know, even Warren Buffett, uh, said today on CNBC and an interview with, uh, Becky Quick, that it's tough to find values when everybody is preferring gambling. I think, uh, indicative of behavior we've seen of late.
Julia La Roche
Heard on The Julia La Roche Show — “#390 Ted Oakley: "It's Not a Normal Market" — A Generational Bear Could Cut Stocks 40%, published Thursday, July 16, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
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Oakley Cites Warren Buffett on Gambling vs. Investing — Heardvine