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greater fool theory
English
Meaning
greater fool theory
meaning
What does
greater fool theory
mean?
greater fool theory
properNoun
—
(
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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