bigger fool theory
n.— «This is sometimes called the “bigger fool” theory, where someone knowingly buys an overpriced asset because he believes there is a bigger fool out there who will be willing to pay even more for it.» —“The Bubble People” by Bruce Bartlett Human Events (Washington, D.C.) Sept. 6, 2005. (source: Double-Tongued Dictionary)
Further reading
Many of us struggled with the Old English poem “Beowulf” in high school. But what if you could actually hear “Beowulf” in the English of today? There’s a new translation by Maria Dahvana Headley that uses contemporary...
What if, instead of being an inanimate object, a dictionary were alive? That’s the idea behind a lavishly illustrated new children’s book called The Dictionary Story (Bookshop|Amazon) by Oliver Jeffers and Sam Winston. This is part of a...