Chasing the Fool

di Victor Thorne (Autore)

epubli, 2026

Throughout history, intelligent people have paid millions for seemingly worthless assets—from 17th-century tulip bulbs to digital jpegs of monkeys. This irrational behavior defies traditional economic models, which assume an asset's price is based on its intrinsic value. Instead, these markets are driven entirely by a dangerous psychological mechanic known as the Greater Fool Theory. This behavioral finance guide unmasks the true architecture of a speculative bubble. Investors buy an overvalued asset not because they believe it is actually worth the asking price, but because they are convinced they can find a "greater fool" to buy it from them at an even higher price tomorrow. It is a massive, decentralized game of financial musical chairs. By tracking the anatomy of manias—from the South Sea Bubble to the modern crypto crashes—the book explains how greed, social proof, and fear of missing out completely override mathematical logic. You will see how the music always stops when the supply of new fools dries up. Protect your portfolio from the madness of crowds. Learn to distinguish between investments based on genuine cash flow and gambling disguised as financial strategy.

• Autore: Victor Thorne
• Anno edizione: 2026
• Editore: epubli
• Formato: EPUB2 con Adobe DRM
• Lingua: Inglese
• Compatibilità: Tutti i dispositivi (eccetto Kindle)
• Layout: Reflowable
• EAN: 9783565268566