And the new buyer anticipated the same thing. Keynes' approach did pay off for him during the Great Depression. He became famous by playing the stock market from his bed for half and hour each morning and became quite successful. While other investors were struggling to find out the financial magic number of the best investment, he simply anticipated their next move and bought before anyone else...
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In the text, this theory was also named the greater fool theory because it proposed that there was a sucker born every minute. These "suckers" existed to buy an investment at a higher price than what was paid. The behaviors of the masses as well as the behavior of the economy could be observed and speculated in such a way that it would bring on profits for followers of this theory...
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philosophy--john locke Locke had a broad sense and a narrow sense of the way we use property. The broad sense is that it covers a wide range of human interest and aspirations...	3 / 590
John Locked Locke also claims that civil society was created for the protection of property. In saying this, he relies on the etymological root of "property," Latin proprius, or that which is one's own, including oneself...	1 / 163
Locke & Human Nature 96) Locke's discussion here displays that men are not only inclined to create states to protect their property, but also to better it through a combined effort of the majority...	2 / 345
Locke on Property Locke uses the example of picking an apple, when I pick an apple it becomes mine, because I have added my work to it and made it my property. This way of acquiring objects requires no consent from the general populace; each person is free to appropriate items by their own initiative...	5 / 1238