Part 3/17:
Despite widespread acknowledgment of a bubble, markets continue to hit record highs, driven largely by a handful of tech giants. Scott notes that historically, calling a bubble often precedes another surge—similar to what happened during the dot-com bubble of the late 1990s, where valuations soared even further after warnings emerged. He points out that investors like Warren Buffett are actively selling assets, a sign that some believe overvaluation is imminent, yet the market momentum persists.