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Not 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 collecti
by danielmarkbruce 4y ago
Not 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...