Want to see what a bubble looks like?

Some of the 15,000 or so attendees of the recent Toronto Real Estate Wealth Expo featuring Tony Robbins and … Pitbull (??!!)…. are interviewed in this fascinating article from Toronto Life. Warren Buffet once said “once the shoeshine boy starts giving out stock tips, then it is time to leave the party.” I don’t know if the same can be said of famous rappers and flipping houses but it’s worth taking note. These are some pretty exuberant people that seem determined to repeat the same mistakes of the past when the “dot-com” bubble eventually burst.

This is not intended to constitute investment advice; it is simply the opinion of Scott Hayes, CFA