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The Theory of the Greater Fool operates in most asset markets, not only publicly traded securities. And "the public" wields it as often as any private asset ma
by networkimprov 7y ago
The Theory of the Greater Fool operates in most asset markets, not only publicly traded securities.
And "the public" wields it as often as any private asset manager.
- pessimizer 7y agoIt's not foolish to be an early investor in a promisingly marketed multilevel marketing scam. The greater fool is the very late investor, who is as far from quality information that would allow them to make a good decision about the buy as they could possibly be. So calling them fools is unfair; they're the target of a bunch of misinformation and hype which was the actual product that the initial investors were betting on.