At Berkshire Hathaway's annual shareholder meeting, Warren Buffett expressed serious concerns about the current market environment, stating that excessive greed and risk-taking are pushing asset prices into 'very silly' territory. He noted that the S&P 500 has seen significant gains, rising for six consecutive weeks and nearing an all-time high, despite ongoing geopolitical and economic uncertainties. Buffett reiterated his long-held belief that fear and greed are 'super-contagious diseases' that distort market valuations. He specifically criticized the rise of one-day options trading, which allows traders to make highly leveraged bets on short-term market fluctuations, calling it gambling rather than investing. Additionally, he pointed to the troubling trend of prediction markets, citing a recent insider trading case involving a US Army soldier. While Buffett acknowledged the current gambling mentality among investors, he maintained that investing itself remains viable, though many prices appear inflated. The meeting also marked a shift in leadership, with Greg Abel, Buffett's successor, taking the stage, but attendance and enthusiasm seemed diminished compared to previous years when Buffett and the late Charlie Munger captivated audiences.