Chasing the Fool: The Dangerous Financial Engine Behind Every Speculative Bubble - Couverture souple
Synopsis
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.
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Chasing the Fool
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Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -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. 148 pp. Englisch. N° de réf. du vendeur 9783565268573
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Taschenbuch. Etat : Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. N° de réf. du vendeur 9783565268573
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Chasing the Fool | The Dangerous Financial Engine Behind Every Speculative Bubble.DE
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Taschenbuch. Etat : Neu. Chasing the Fool | The Dangerous Financial Engine Behind Every Speculative [.] | Victor Thorne | Taschenbuch | Englisch | epubli | EAN 9783565268573 | Verantwortliche Person für die EU: Neopubli GmbH (Imprint: epubli), Köpenicker Str. 154a, 10997 Berlin, produktsicherheit[at]epubli[dot]com | Anbieter: preigu. N° de réf. du vendeur 134623934
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