3 ms·
Are the fewer potatoes larger? More nutritious? I get where you're trying to go, but it falls flat on its face as soon as you say it produces 15 potatoes a day
by salawat 4y ago
Are the fewer potatoes larger? More nutritious?
I get where you're trying to go, but it falls flat on its face as soon as you say it produces 15 potatoes a day. You're conflating creation of assets with a ballpark estimation of what someone might pay for a thing.
It's like they say with collectibles. That 15000 dollar comic book is worth squat til you find the buyer willing to pay $15000 for it.
- danielmarkbruce 4y agoNot conflating, it's a good example. The asset is the magic box, not the potatoes. The magic box is worth less when it's producing less. It's not like collectibles. Productive assets have value no matter what someone wants to pay for it. That's why gold and crypto are so stupid - it's greater fool theory. Old Warren Buffett covers this well here: https://hollandadvisors.co.uk/wp-content/uploads/2021/03/buffett-on-why-productive-assets-win.pdf https://hollandadvisors.co.uk/wp-content/uploads/2021/03/buf...