Hartzman Tax & Fiduciary: Greater Fool Theory; Retail (Mom and Pop) Brokerage Clients

6/23/14

Greater Fool Theory; Retail (Mom and Pop) Brokerage Clients

http://www.zerohedge.com/news/2014-06-23/market-has-never-been-more-fearful-extreme-event

'Greater Fool Theory'

A theory that states it is possible to make money by buying securities,
whether overvalued or not, and later selling them at a profit
because there will always be someone (a bigger or greater fool)
who is willing to pay the higher price.

http://www.investopedia.com/terms/g/greaterfooltheory.asp

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