I still disagree. During bubbles, it is often apparent through straightforward financial analysis that companies are overpriced. Investing in a company whose pr

I still disagree. During bubbles, it is often apparent through straightforward financial analysis that companies are overpriced. Investing in a company whose price isn't supported by underlying assets and earnings because it's 'hot' is a speculative gamble on the extremely difficult to predict group psychological whims of the marketplace, not a rationally conceived value investment.