Greater Fool Theory

🙈 greater fool theory

⏲ The greater fool theory implies that one can profit by buying overvalued assets.

💰 These assets have a purchase price that greatly exceeds their true intrinsic value.

🔑 The key is to sell these assets later at an even higher price to another buyer.

💸 The theory assumes that there will always be a "greater fool" willing to pay a higher price for the asset.