The greater fool theory states that the price of an object is - TopicsExpress

The greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants. For the rest of us to profit we need a greater fool... someone who will buy long and sell short... MOST PEOPLE SPEND THEIR LIFE TRYING NOT TO BE THE GREATER FOOL. The greater fool is someone with the perfect blend of self-delusion and ego to think that he can succeed where others have failed. Every developed nation that succeeded had enough of this breed. https://youtube/watch?v=n6HEs6EdxVI

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