greater fool theory

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Elliot Allagash: A Novel

by Simon Rich  · 24 May 2010  · 215pp  · 52,743 words

.” Elliot slammed the phone down and stared at me. “If you think this is about something as petty as class president, you’re an even greater fool than I imagined! This is just a stepping stone—a stepping stone to a stepping stone to a stepping stone to a—” He stopped suddenly

The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything

by Jason Kelly  · 10 Sep 2012  · 274pp  · 81,008 words

going to be left holding on to something that’s not worth as much as they thought. There’s a fear that there’s a greater fool theory at work here. “You either have a superior insight, specialization, an angle that helps you pay a little more than the others, or you

Running Money

by Andy Kessler  · 4 Jun 2007  · 323pp  · 92,135 words

personal income and consumer credit until it flashes bullish.” “Jobless claims lead interest rates, which lead consumer cylicals. ’Nuff said.” “It all works on the Greater Fool theory.” The most honest: “We’re indexed.” One guy, Jim Burkhardt from Chicago, gave me the best line: “Yeah, sure, I check all the stats

Saudi America: The Truth About Fracking and How It's Changing the World

by Bethany McLean  · 10 Sep 2018

, when internet companies were valued on the number of eyeballs. The attitude is invest-and-flip, not buy-and-hold. “I view it as a greater fool business model,” one private equity executive tells me. “But it’s one that has worked for a long time.” In the summer of 2017, finger

The Rent Is Too Damn High: What to Do About It, and Why It Matters More Than You Think

by Matthew Yglesias  · 6 Mar 2012  · 58pp  · 18,747 words

failure to appreciate the extent to which we’re building bigger homes. So how do people make money in real estate? Sometimes it’s the “greater fool” theory. Your investment doesn’t need to make sense if you can hand it off to some other sucker. But the main reason it’s

The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend

by Rob Copeland  · 7 Nov 2023  · 412pp  · 122,655 words

from China, would continue to bid asset prices up and keep the market humming. He was riffing on a Wall Street adage, that there were greater fools out there, ever willing to buy someone out at a higher price. The interviewer asked, “Do you see any risk of a U.S. recession

Elon Musk: A Mission to Save the World

by Anna Crowley Redding  · 1 Jul 2019  · 190pp  · 46,977 words

or not somebody knew what the Internet was, they knew that you could make money on the Internet somehow, even if it’s on the greater fool theory,”52 Elon explained. THROWBACK! Netscape launched its Navigator web browser in December 1994, and it quickly became the preferred way to surf the web

House of Debt: How They (And You) Caused the Great Recession, and How We Can Prevent It From Happening Again

by Atif Mian and Amir Sufi  · 11 May 2014  · 249pp  · 66,383 words

can only exist if the buyers are “optimists” (a gentle word for those with “irrational exuberance”) or if the buyers believe there will be a “greater fool” to buy the asset in the future when prices are even higher.7 We can now start to build a theory of how debt stokes

those who are convinced that asset prices will continue to rise. By enhancing optimists’ buying power in the future, debt increases the probability that a greater fool will indeed be waiting tomorrow.8 Imagine a world with 100 identical houses for sale. Two types of people populate this world: optimists and pessimists

relaxation in access to debt means that more optimists can enter today and in the future. This bolsters the belief that there will be a greater fool who will buy the asset at even higher prices. And the party gets even bigger. The expectation of a bubble growing even more entices speculators

Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts

by David Gerard  · 23 Jul 2017  · 309pp  · 54,839 words

: Popular buzz; media coverage. The public see these first investors and buy because others are buying, with the implicit assumption that there will always be Greater Fools to sell it on to. This is what makes a bubble: investing to sell to other investors. Someone will say that the old rules don

’t apply any more. Blowoff phase: The old rules turn out to still apply. The bubble runs out of Greater Fools; prices collapse. The asset need not be a commodity, e.g., the Beanie Baby craze of the late 1990s, in which the asset was various

Life Is Simple: How Occam's Razor Set Science Free and Shapes the Universe

by Johnjoe McFadden  · 27 Sep 2021

expect anything certain from astronomy, which cannot furnish it, lest he accept as truth ideas conceived for another purpose, and depart from this study a greater fool than when he entered it. Farewell.’ A copy of the first print run of the book was rushed to Canon Copernicus’s bedside. He died

The Art of Execution: How the World's Best Investors Get It Wrong and Still Make Millions

by Lee Freeman-Shor  · 8 Sep 2015  · 121pp  · 31,813 words

Why Stock Markets Crash: Critical Events in Complex Financial Systems

by Didier Sornette  · 18 Nov 2002  · 442pp  · 39,064 words

Heads I Win, Tails I Win

by Spencer Jakab  · 21 Jun 2016  · 303pp  · 84,023 words

The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors

by Spencer Jakab  · 1 Feb 2022  · 420pp  · 94,064 words

Retirementology: Rethinking the American Dream in a New Economy

by Gregory Brandon Salsbury  · 15 Mar 2010  · 261pp  · 70,584 words

Out of Africa

by Karen Blixen  · 1 Jan 1937  · 309pp  · 122,748 words

Toward Rational Exuberance: The Evolution of the Modern Stock Market

by B. Mark Smith  · 1 Jan 2001  · 403pp  · 119,206 words

Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages

by Carlota Pérez  · 1 Jan 2002

The Scandal of Money

by George Gilder  · 23 Feb 2016  · 209pp  · 53,236 words

How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely

by Andrew Craig  · 6 Sep 2015  · 305pp  · 98,072 words

Gambling Man

by Lionel Barber  · 3 Oct 2024  · 424pp  · 123,730 words

Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud

by Ben McKenzie and Jacob Silverman  · 17 Jul 2023  · 329pp  · 99,504 words

Rendezvous With Oblivion: Reports From a Sinking Society

by Thomas Frank  · 18 Jun 2018  · 182pp  · 55,234 words

I.O.U.: Why Everyone Owes Everyone and No One Can Pay

by John Lanchester  · 14 Dec 2009  · 322pp  · 77,341 words

How Markets Fail: The Logic of Economic Calamities

by John Cassidy  · 10 Nov 2009  · 545pp  · 137,789 words

More Perfect Heaven: How Copernicus Revolutionised the Cosmos

by Dava Sobel  · 1 Sep 2011  · 271pp  · 68,440 words

Darwin Among the Machines

by George Dyson  · 28 Mar 2012  · 463pp  · 118,936 words

Mr Five Per Cent: The Many Lives of Calouste Gulbenkian, the World's Richest Man

by Jonathan Conlin  · 3 Jan 2019  · 604pp  · 165,488 words

The Smartest Guys in the Room

by Bethany McLean  · 25 Nov 2013  · 778pp  · 233,096 words

Why Startups Fail: A New Roadmap for Entrepreneurial Success

by Tom Eisenmann  · 29 Mar 2021  · 387pp  · 106,753 words

Television Is the New Television: The Unexpected Triumph of Old Media in the Digital Age

by Michael Wolff  · 22 Jun 2015  · 172pp  · 46,104 words

Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance

by Ian Goldin and Chris Kutarna  · 23 May 2016  · 437pp  · 113,173 words

The botany of desire: a plant's-eye view of the world

by Michael Pollan  · 27 May 2002  · 273pp  · 83,186 words

The Powerful and the Damned: Private Diaries in Turbulent Times

by Lionel Barber  · 5 Nov 2020

How Money Became Dangerous

by Christopher Varelas  · 15 Oct 2019  · 477pp  · 144,329 words

Wall Street: How It Works And for Whom

by Doug Henwood  · 30 Aug 1998  · 586pp  · 159,901 words

Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork

by Reeves Wiedeman  · 19 Oct 2020  · 303pp  · 100,516 words

Boom and Bust: A Global History of Financial Bubbles

by William Quinn and John D. Turner  · 5 Aug 2020  · 297pp  · 108,353 words

Buffett

by Roger Lowenstein  · 24 Jul 2013  · 612pp  · 179,328 words

The Black Box Society: The Secret Algorithms That Control Money and Information

by Frank Pasquale  · 17 Nov 2014  · 320pp  · 87,853 words

To Explain the World: The Discovery of Modern Science

by Steven Weinberg  · 17 Feb 2015  · 532pp  · 133,143 words

Principles: Life and Work

by Ray Dalio  · 18 Sep 2017  · 516pp  · 157,437 words

The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance

by Eswar S. Prasad  · 27 Sep 2021  · 661pp  · 185,701 words

Priceless: The Myth of Fair Value (And How to Take Advantage of It)

by William Poundstone  · 1 Jan 2010  · 519pp  · 104,396 words

The Essays of Warren Buffett: Lessons for Corporate America

by Warren E. Buffett and Lawrence A. Cunningham  · 2 Jan 1997  · 219pp  · 15,438 words

The Wisdom of Crowds

by James Surowiecki  · 1 Jan 2004  · 326pp  · 106,053 words

Fantasyland: How America Went Haywire: A 500-Year History

by Kurt Andersen  · 4 Sep 2017  · 522pp  · 162,310 words

More: The 10,000-Year Rise of the World Economy

by Philip Coggan  · 6 Feb 2020  · 524pp  · 155,947 words

Woke, Inc: Inside Corporate America's Social Justice Scam

by Vivek Ramaswamy  · 16 Aug 2021  · 344pp  · 104,522 words

Fantasyland

by Kurt Andersen  · 5 Sep 2017

Inflated: How Money and Debt Built the American Dream

by R. Christopher Whalen  · 7 Dec 2010  · 488pp  · 144,145 words

Billionaires' Row: Tycoons, High Rollers, and the Epic Race to Build the World's Most Exclusive Skyscrapers

by Katherine Clarke  · 13 Jun 2023  · 454pp  · 127,319 words

How to Speak Money: What the Money People Say--And What It Really Means

by John Lanchester  · 5 Oct 2014  · 261pp  · 86,905 words

The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money

by Steven Drobny  · 18 Mar 2010  · 537pp  · 144,318 words

The Four Pillars of Investing: Lessons for Building a Winning Portfolio

by William J. Bernstein  · 26 Apr 2002  · 407pp  · 114,478 words

Investment: A History

by Norton Reamer and Jesse Downing  · 19 Feb 2016

Paper Promises

by Philip Coggan  · 1 Dec 2011  · 376pp  · 109,092 words

Inside the House of Money: Top Hedge Fund Traders on Profiting in a Global Market

by Steven Drobny  · 31 Mar 2006  · 385pp  · 128,358 words

Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined

by Lasse Heje Pedersen  · 12 Apr 2015  · 504pp  · 139,137 words

Presidents of War

by Michael Beschloss  · 8 Oct 2018

The Behavioral Investor

by Daniel Crosby  · 15 Feb 2018  · 249pp  · 77,342 words

Stock Market Wizards: Interviews With America's Top Stock Traders

by Jack D. Schwager  · 1 Jan 2001

The Shifts and the Shocks: What We've Learned--And Have Still to Learn--From the Financial Crisis

by Martin Wolf  · 24 Nov 2015  · 524pp  · 143,993 words

Debunking Economics - Revised, Expanded and Integrated Edition: The Naked Emperor Dethroned?

by Steve Keen  · 21 Sep 2011  · 823pp  · 220,581 words

The Asian Financial Crisis 1995–98: Birth of the Age of Debt

by Russell Napier  · 19 Jul 2021  · 511pp  · 151,359 words

Hedge Fund Market Wizards

by Jack D. Schwager  · 24 Apr 2012  · 272pp  · 19,172 words

Fault Lines: How Hidden Fractures Still Threaten the World Economy

by Raghuram Rajan  · 24 May 2010  · 358pp  · 106,729 words

Manias, Panics and Crashes: A History of Financial Crises, Sixth Edition

by Kindleberger, Charles P. and Robert Z., Aliber  · 9 Aug 2011

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Eleventh Edition)

by Burton G. Malkiel  · 5 Jan 2015  · 482pp  · 121,672 words

Principles of Corporate Finance

by Richard A. Brealey, Stewart C. Myers and Franklin Allen  · 15 Feb 2014

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing

by Burton G. Malkiel  · 10 Jan 2011  · 416pp  · 118,592 words