> “If the question is, Are these valuations divorced from fundamentals? I think they are,” he said. > “There’s definitely some craziness and people overpaying”

> “If the question is, Are these valuations divorced from fundamentals? I think they are,” he said. > “There’s definitely some craziness and people overpaying” > “I think we’re in a period of overvaluation and frothiness” > "A bunch of bad decisions don’t necessarily mean we are in a bubble.” So its just unrealistic valuations and a frothy investment market leading to bad investing decisions. Right. Totally not a bubble.