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What value goes down on paper? The value that something has to you? The price that someone else would pay? Let say you have Warren Buffett's shoes. Warren Buf
by joncrocks 7y ago
What value goes down on paper? The value that something has to you? The price that someone else would pay?
Let say you have Warren Buffett's shoes.
Warren Buffett paid $X for those shoes.
A pair of new shoes would cost him $Y.
Someone might pay $Z as they are Warren Buffett's shoes.
Someone might pay $V just to inconvenience Warren (so he would have to go to the shoe store).
Maybe they have some sentimental value to Warren, so he would pay $T not to lose them.
What are the shoes worth?
- mcphage 7y ago> What value goes down on paper? The value that something has to you? The price that someone else would pay? I mean, I don't know anything beyond what the person you're responding to said, but they made it pretty clear: > the Government has the right to buy your property for whatever you've listed it for