Be Careful Venturing Into The Wild West

A few weeks ago I wrote a column entitled Lessons Be Handed To Newbies where I highlighted how ridiculous certain stocks had become because of the sheer numbers of new entrants into the market. Speculation had quickly evolved into the “greater fool” theory – a case of buying something, anything in the hope that a bigger fool than you will buy it off you for a higher price. Naturally if that doesn’t happen then congratulations you are the biggest fool!

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