The "greater fool" theory of investing
Submitted by anton@antlerfin... on Tue 29 Sep 09
Many equity investors are hoping they will profit in a potentially overvalued equity market purely because there is a "greater fool" out there who will buy their holdings at inflated prices...
The attached article was written by Dr. Venkatraman Anantha Nageswaran, Chief Investment Officer at Julius Baer. He advocates continued caution in equity markets.
| Attachment | Size |
|---|---|
| CIO Julius Baer.pdf | 392.13 KB |
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