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Political Parties >> The Greens >> Brown's AGW is a Greater Fool Theory in action http://www.ozpolitic.com/forum/YaBB.pl?num=1305607424 Message started by Maqqa on May 17th, 2011 at 2:43pm |
Title: Brown's AGW is a Greater Fool Theory in action Post by Maqqa on May 17th, 2011 at 2:43pm
http://en.wikipedia.org/wiki/Greater_fool_theory
The greater fool theory (also called survivor investing) is the belief held by one who makes a questionable investment, with the assumption that they will be able to sell it later to "a greater fool"; in other words, buying something not because you believe that it is worth the price, but rather because you believe that you will be able to sell it to someone else at an even higher price.[1] It is similar in concept to the Keynesian beauty contest principle of stock investing. Some consider it a valid method of making money in the stock market, particularly momentum investors; however, fundamental investors believe that market participants eventually realize that the price level is too outrageous (too high or too low) and the speculative bubble pops. The greater fool theory relies on market optimism and market momentum concerning a particular stock, an industry, or the market as a whole. |
Title: Re: Brown's AGW is a Greater Fool Theory in action Post by Maqqa on May 17th, 2011 at 2:45pm
The belief here is Brown does not have to convince everyone in Australia
He just have to convince the next fool who will convince the next TOOL who then convince his MP eg Gillard then we have a carbon tax But since the Greens vote has decreased from 13% to 7% then maybe these fools have woken up to these tools from the left |
Title: Re: Brown's AGW is a Greater Fool Theory in action Post by perceptions_now on May 17th, 2011 at 2:54pm
I post the following here because it is applicable to this discussion.
perceptions_now wrote on May 17th, 2011 at 1:45pm:
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Title: Re: Brown's AGW is a Greater Fool Theory in action Post by adelcrow on May 17th, 2011 at 4:36pm
Neo cons prefer a party like the Nationals who know their place. Keep ya mouth shut, dont rock the boat and sit in your seat for a few decades until you retire on a fat taxpayer funded pension.
Neo cons want pollies that are here for a long time, feathering their own nests..not those that make history and who's achievments for future generations out weigh their need for an easy quiet life at the taxpayers expense. Courages one term pollies that make a difference are far more important than lazy career pollies who lost their balls at their pre selection meetings. ;D |
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