Definitions from Wiktionary (greater fool theory)
▸ noun: (economics) Theory that the price of an object is determined by irrational beliefs and expectations of market participants, rather than intrinsic value; i.e. that one can make money by buying something for the sole reason of selling it to some one else for a higher price.
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▸ noun: (economics) Theory that the price of an object is determined by irrational beliefs and expectations of market participants, rather than intrinsic value; i.e. that one can make money by buying something for the sole reason of selling it to some one else for a higher price.
Similar:
efficient market hypothesis,
theory of value,
Siegel's paradox,
greedflation,
fair value,
value investing,
expectations hypothesis,
bull trap,
factor market,
Dow theory,
more...
Opposite:
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