Search results
We did not find results for: the greater fool theory.
Check spelling or type a new query.
Yahoo Web Search
- Greater fool theory
Theory that the price of an object is determined by consumer demand
In finance, the greater fool theory suggests that one can sometimes make money through speculation on overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price. In this context, one "lesser fool" might pay for an overpriced asset, hoping that they can sell it to an even "greater fool" and make a profit. Wikipedia
