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My hunch is that the only people buying into these obvious scams is other scammers. They look at it and think "hey, I bet a bunch of people will fall for this.
by aakilfernandes 8y ago
My hunch is that the only people buying into these obvious scams is other scammers. They look at it and think "hey, I bet a bunch of people will fall for this. I'll buy some first.".
But maybe I'm too naive =/.
- keketi 8y agoOr people who follow the greater fool theory: https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory
- dajohnson89 8y agoThat describes a significant portion of investment behavior, across all asset classes.