Greater fool theory
id:
greater-fool-theory-207-5983661
title:
Greater fool theory
text:
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. This only works as long as there are enough new "greater fools" willing to pay higher and higher pric
brand slug:
wiki
category slug:
encyclopedia
description:
Theory that the price of an object is determined by consumer demand
original url:
https://en.wikipedia.org/wiki/Greater_fool_theory
date created:
2004-12-28T02:33:30Z
date modified:
2024-09-11T00:43:50Z
main entity:
{"identifier":"Q2473861","url":"https://www.wikidata.org/entity/Q2473861"}
image:
fields total:
13
integrity:
15