We educate our children to participate in greater fool games.
Go to college, regardless of tuition.
Put your money in the stock market, regardless of its health and structure.
Buy bonds, regardless of the interest rate.
Own a house, regardless of market conditions.
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Most people don't think critically about their money, which makes them easy prey for greater-fool games built on top of institions they were educated to trust.
Go to college, regardless of tuition.
Put your money in the stock market, regardless of its health and structure.
Buy bonds, regardless of the interest rate.
Own a house, regardless of market conditions.
---
Most people don't think critically about their money, which makes them easy prey for greater-fool games built on top of institions they were educated to trust.