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"Things are worth what people are willing to pay for them, not what other people think they should be willing to pay for them." I agree with this, but there is
by joshuacc 16y ago
"Things are worth what people are willing to pay for them, not what other people think they should be willing to pay for them."
I agree with this, but there is a difference between the market being willing to pay $26 billion for a company, and minority investors being willing to pay $26 billion/0.03. Only the former establishes the actual* value.
- 2arrs2ells 16y agoNow, now. Let's be reasonable. No one is valuing Facebook at $866.67 billion. /pedantry