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Presenting Empirical Evidence Of The Existence Of "Greater Fools"
... The underlying premise: the hope that another greater fool will emerge. And emerge they do, until they don't, [and markets collapse bidless.] ...Ignored
"......it appears that human traders never learn from history as the speculative element overpowers rationality each and every time. The underlying premise: the hope that another greater fool will emerge. And emerge they do, until they don't, and markets collapse bidless....."
Great article, thanks for posting the link!