I basically agree with Mr. Mike Maloney

Though I don't know him and whether we should trust him. That said, if everything is a bubble, then money is a bubble too, so it is essentially six of one and half a dozen of the other. That means that you should simply stick to the approach preached by Warren Butteff (with whom I also completely agree), who says that it is "far better to buy a wonderful company at a fair price than a fair company at a wonderful price". In this case, it comes down to choosing between bubbles and buying the bubble which is slightly less bubbled than the rest of the bubbles