4 ms·
That’s a pithy axiom, but it ignores the reality that people are often willing to pay because of misunderstandings, inadequate information, fraud, lies, and con
by Veen 4y ago
That’s a pithy axiom, but it ignores the reality that people are often willing to pay because of misunderstandings, inadequate information, fraud, lies, and cons.
- AmericanChopper 4y agoAre you trying to dunk on NFTs, or Wall St? Sorry I can’t tell…
- deleted 4y ago[deleted]
- michaelt 4y agoMaybe on the idea of market prices being inherently just, and every transaction being implicitly fair, that your statement implies? Does a senior manager at a big corporation, when accused of sexual harassment, deserve a $90 million golden parachute? While someone who quits their job to care for their severely disabled child deserves nothing?
- AmericanChopper 4y agoAsking what people deserve is a fundamentally stupid question in the context of valuation. Whatever your idea of “fair” is, it has basically no bearing on economic valuation, which is governed by the laws of supply and demand.
- michaelt 4y agoAnd yet here you are, posting about "deserve" and "worth" Or were you just trying to say "The amount people are willing to pay is the market value" ?
- AmericanChopper 4y agoYou’re aware that this is a conversation about asset prices, right?