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I certainly agree that worth and current market price are correlated. But I disagree that they're definitionally the same. Indeed, pretending they're equivalen
by wpietri 5y ago
I certainly agree that worth and current market price are correlated. But I disagree that they're definitionally the same.
Indeed, pretending they're equivalent is a great way to lose a lot of money. I used to work for financial traders and I got some very fat bonus checks paid for by people who confused the two during high-volatility events while our traders stayed more flexible.
- wizzwizz4 5y agoI also agree that it's a bad definition. Perhaps “worth is what people will pay for something for the sake of having it, rather than out of expectation that they can re-sell it for more”?