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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,905
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Quote:
Originally Posted by silverc4s
It's like Ferrari's in the late 80's; if you believe that a Daytona Spyder will be worth $1.0 million in a year, you are willing to buy it now for $800,000, even though you know the seller bought it a month ago for $600,000.
It's called the "greater fool theory" and the -- last fool in -- gets his A$$ burned usually...  |
Check out the ealy 911S registry board to see more examples of this theory... 
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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