Originally Posted by Alan Mendelson View Post
It appears that some of you took offense when I said there was a link between AP play and the Greater Fool Theory. Do not be offended if you are included in those covered by the Greater Fool Theory. Anyone who buys a home, buys art or collectibles is also lumped in there. The title "Greater Fool Theory" is not meant to insult anyone -- it's just an understanding of the mindset of consumers.

I collect coins and art, and I bought coins and art from people who wanted to sell and I bought with the idea that I would resell it at a profit someday.
I have no doubt you have more experience at being a greater fool than most.

Is this greater fool theory based on buying something with the intent to sell at a profit someday?

Not everyone buys collectibles, art and a home with the intent to sell or make a profit. So I don't know how you can say anyone that buys that stuff fits in with the greater fools theory.

From my understanding, going on the basic idea of the greater fools theory, AP would not really fit well with that theory. I guess there could be some aspects of AP that might.

What if I use 2 match plays on baccarat while betting banker and player at the same time? Can you honestly apply the greater fools theory to that situation?