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Monday, January 4, 2010

"Greater Fool" Investing

Isn't nearly all investing "greater fool" investing? Wouldn't a viable investment strategy just be to buy something that you think someone else would pay more for?

A "greater fool" investment is one in which the investment's success is not based on fundamentals, but rather is contingent upon the sale of it to another guy for more money.

http://www.fwallstreet.com/blog/187.htm

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