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Imagine you bought a house from someone, went bankrupt and foreclosed, then heard from someone else that the previous owner had hardwood placed over a solid gol
by gmd63 7y ago
Imagine you bought a house from someone, went bankrupt and foreclosed, then heard from someone else that the previous owner had hardwood placed over a solid gold living room floor.
- rovr138 7y agoYou never saw that so you never accounted for it. You didn’t see it when you bought it. You didn’t make decisions on it. You didn’t know about it when you sold it. If the price didn’t reflect it, what did you loose?
- gmd63 7y agoYou lost the alternate life where you didn't have to pull your kid out of school and move cross country. You lost the business you could have started. Buyers of gold lost the option to purchase from you and bought from further away at a higher total cost. As CEO of the world, would you want idle resources sitting around or would you want them to be in the hands of someone who would use them? It seems like it would be best to reassign people who work in destructive roles that diminish/obscure value to more productive roles that create value.