Warren Buffett admits he bought Alphabet too late and sold Apple too soon, even as Apple remains Berkshire's largest holding at nearly 22% of its portfolio. The 95-year-old also warns that today's market favours gambling over value investing.

Warren Buffett called out widespread gambling on stocks and the huge amounts being spent on AI. He also discussed his Alphabet wager.

Warren Buffett backs Alphabet with a $31B stake, boosting investor confidence. Alphabet as second-largest company by July 31 at 5.5% YES.