The “buy from a sucker, sell to a sucker” school of speculation is that for anyone to make money through the purchase and subsequent resale of a stock without the actual value of that stock increasing, he/she must rely upon the ignorance of either the seller or the buyer or both.
The odds are definitely against not being the sucker on either one or the other end of that transaction.
It's another way of expressing the "Greater Fool Theory." "I may be a fool to buy this stock at this price; but I'll find another fool to buy it from me at a higher price." This is what fueled many exploded "bubbles."
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