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>and neither I trade with perception in mind Then I'd be surprised if you do well in trading. For monetary value; perceived value is value. We have no other

by danssig 15y ago

>and neither I trade with perception in mind Then I'd be surprised if you do well in trading. For monetary value; perceived value is value. We have no other means of valuing things monetarily.

altcognito 15y ago
Yes, because we all know what a reliable guide to value trading has been over the past three decades. To some extent entrepreneurship found in technology has been the counter-culture to the con game that the financial markets have become accustomed to.
- danssig 15y ago
  Again wrong. How do you think entrepreneurs are pricing their wares if not by perceived value? Did you think they were doing something like "labor cost + 20%" or something? The cost of making something is only used to determine price floor (i.e. if perceived value is lower than the price floor it makes no sense to create this product).
  - altcognito 15y ago
    This was originally about trading. Entrepreneurs are not traders, and while in a perfect world they would have a similar set of concerns, but generally not in today's world. (see HFT) What your model of perceived value isn't accounting for are speculators who are in a market with no real vested interest in the product. The correct amount of speculation within a market can round out extremes but there is a balance. Free markets generally find the best prices for most things and works well in the majority of situations.
dextorious 15y ago
"""Then I'd be surprised if you do well in trading. For monetary value; perceived value is value. We have no other means of valuing things monetarily.""" Then I'd be surprised if you do well in long term trading / investing. Perceived value can change from one day to the next. You don't want to get caught in a bubble. You better sharpen the "perceived value" everybody, er, perceives, with your OWN value judgement that takes facts, numbers, long term factors etc into account. Else, you're trading blindly based on what everybody else perceives, which is really fickle.
dextorious 15y ago
I found a better analogy. "perceived value is value" but you don't want to invest based on perceived value. You want to invest based on (your understanding of) the factors that SHAPE the perceived value. Else, you're behind the curve.

by danssig 15y ago

>and neither I trade with perception in mind Then I'd be surprised if you do well in trading. For monetary value; perceived value is value. We have no other means of valuing things monetarily.

altcognito 15y ago

Yes, because we all know what a reliable guide to value trading has been over the past three decades. To some extent entrepreneurship found in technology has been the counter-culture to the con game that the financial markets have become accustomed to.

danssig 15y ago
Again wrong. How do you think entrepreneurs are pricing their wares if not by perceived value? Did you think they were doing something like "labor cost + 20%" or something? The cost of making something is only used to determine price floor (i.e. if perceived value is lower than the price floor it makes no sense to create this product).
- altcognito 15y ago
  This was originally about trading. Entrepreneurs are not traders, and while in a perfect world they would have a similar set of concerns, but generally not in today's world. (see HFT) What your model of perceived value isn't accounting for are speculators who are in a market with no real vested interest in the product. The correct amount of speculation within a market can round out extremes but there is a balance. Free markets generally find the best prices for most things and works well in the majority of situations.

dextorious 15y ago

"""Then I'd be surprised if you do well in trading. For monetary value; perceived value is value. We have no other means of valuing things monetarily.""" Then I'd be surprised if you do well in long term trading / investing. Perceived value can change from one day to the next. You don't want to get caught in a bubble. You better sharpen the "perceived value" everybody, er, perceives, with your OWN value judgement that takes facts, numbers, long term factors etc into account. Else, you're trading blindly based on what everybody else perceives, which is really fickle.

dextorious 15y ago

I found a better analogy. "perceived value is value" but you don't want to invest based on perceived value. You want to invest based on (your understanding of) the factors that SHAPE the perceived value. Else, you're behind the curve.