With the stock market at all-time highs and returns over the past year some of the best in history, the word “bubble” is getting thrown around more and more by investors. But before we jump to conclusions, it is first important to understand what a bubble is and what the term means from a practical standpoint for investors.

In this episode, we look at bubbles through a framework based on the three questions that we think are most important for investors to ask.

1. What is a Bubble?

2. Can a Bubble Be Identified in Advance?

3. If We Are in a Bubble, What Can I Do About It?

We hope you enjoy the discussion.

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