26 April 2013

Question Of The Day #48: Investment Beliefs

Weekly theme: Finance

Connect to a very famous theory.

Answer: (Please highlight the text below)

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. The Bitcoin Gem game is based on this theory. It is similar to Keynesian beauty contest  developed by John Maynard Keynes.

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