Source: Vanguard Resource Group Blog

Vanguard Resource Group Blog The greater fool theory.

By Ken OppeltzFirst, a confession. A long time ago, I was in the restaurant business, and at one point, I was "the greater fool." In a nutshell, the greater fool theory suggests that there is always a buyer that thinks he/she is smarter than the current owner, and can turn around a restaurant and make it profitable. I constantly hear comments like, "If I just cleaned up the place, business would increase by 30%." Or, "Their food is terrible, my grandma's lasag [...]

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