2 ms·
I think with that proposal that you're rerouting the money for two years, but keep the same fundamental economic problem of buyers trying to be efficient at sel
by dv_dt 11y ago
I think with that proposal that you're rerouting the money for two years, but keep the same fundamental economic problem of buyers trying to be efficient at selecting what asset to purchase when they only do it a very few times in their life.
Let's put it this way: I give to $5 to go buy a coffee for (and or some other drink if you're not a coffee drinker) - chances are you'll decent value on that cup of coffee. Now, I give you $5M and say go buy a yacht. And oh, no longer than a three hour tour and you have to live on the yacht for the next thirty years... What are the chances that you'll get good value on that yacht? And if the yacht industry is flooded with buyers in your position - what is the chance that the industry will be particularly efficient at providing value to their customers?