Thread: debt ceiling
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Old 07-30-2011, 01:26 PM   #208 (permalink)
Baraka_Guru
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Quote:
The greater fool theory (also called survivor investing) is the belief held by one who makes a questionable investment, with the assumption that they will be able to sell it later to "a greater fool"; in other words, buying something not because you believe that it is worth the price, but rather because you believe that you will be able to sell it to someone else at an even higher price.
Greater fool theory - Wikipedia, the free encyclopedia

When it comes to big selloffs, unfortunately, it can easily be the case where you can't find enough buyers---i.e., there is a weak buyer's market.
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