Warren Buffett Has a Stark Warning for Investors as the Market Repeats a Pattern Seen Only Twice in 155 Years

Warren Buffett warns that the stock market is showing valuation patterns similar to the 1929 crash and 2000 dot-com bubble, with the CAPE ratio at 41.6. The surge is driven by AI optimism that has added $19 trillion in market value, but many fear valuations have disconnected from fundamentals. Rising interest rates and Treasury yields add additional headwinds. Buffett states it's 'tough to find values when everybody is preferring gambling,' advocating instead for long-term investments in companies with sustainable competitive advantages.