The idea that you can make money by buying an overpriced asset if you believe someone else will pay an even higher price later. This strategy relies on finding a buyer willing to pay more, regardless of the asset's actual value. It is considered very risky because prices can fall quickly and leave you with losses.
A stock is trading at $50, but the company is losing money. You buy it anyway, hoping to sell it to another investor for $75 next week. If no one wants to buy it at that higher price, you're stuck holding a stock worth less than you paid.
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