Fact checked by Stella Osoba Warren Buffett has increasingly argued in recent years that it's not just the ubiquitous sports betting apps that have made your phone a pocket casino. In his 2024 annual letter to shareholders,

The stock market is a mercurial beast. No matter how smart and prepared you are, you will still, at some point in your investing journey, find yourself totally gobsmacked by the goings-on of

The legendary investor has continued to buy some stocks, albeit not as many as in the past. This seems to show that Buffett is concerned about frothy valuations but is still able to find some stocks that meet his investment criteria. Other investors probably will be able to pick stocks that aren't too expensive as well.