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bigger fool theory

bigger fool theory
 n.— «This is sometimes called the “bigger fool” theory, where someone knowingly buys an overpriced asset because he believes there is a bigger fool out there who will be willing to pay even more for it.» —“The Bubble People” by Bruce Bartlett Human Events (Washington, D.C.) Sept. 6, 2005. (source: Double-Tongued Dictionary)

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