Greater fool theory
Deseori ma uimesc discutiile de pe forum-uri (AGF sau Vanguard) — multi par sa cumpere doar cu certitudinea (speranta?) ca vor gasi un fraier in viitor caruia sa-i vinda mai scump. De curind am aflat ca abordarea asta are si un nume: “greater fool theory” (teoria fraierului si mai mare). Definitie (de pe web):
Greater fool theory: A theory that it is possible to make money buying securities, whether overvalued or not, and later selling them at a profit because there will always be someone (a bigger fool) who is willing to pay the higher price.
When acting in accordance with the greater fool theory, an investor buys questionable securities not with any regard to their quality, but with the hope of quickly selling them off to another investor (the greater fool), who might also be hoping to flip it quickly. Unfortunately, speculative bubbles always burst eventually, leading to a rapid depreciation in share price due to the selloff.