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Greater Fool Theory
Views: 414 Many people make investments in high-risk assets because they don’t understand the greater fool theory. Countless people have lost their life savings because they don’t understand this theory. Let’s take 5 minutes to understand this theory and its implications on your long-term finances. It is common for people to buy assets with the conviction that they can sell it for a higher price later. They are convinced that someone else will buy their asset for a greater price in the future. People buy property, stocks, coins, art, and other assets hoping that someone will offer a more favorable …
