Greater fool theory

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At a glance

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Notion

Domain

Science and technology

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What Wikipedia says

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.

Excerpt from the Wikipedia article “Greater fool theory”, under the CC BY-SA 4.0 license. Read the article on Wikipedia