2 ms·
> “It’s worth what the market will pay for it” Is absolutely true at the time it sells — it was worth that much for the former owner who now has that much cash
by seanp2k2 3y ago
> “It’s worth what the market will pay for it”
Is absolutely true at the time it sells — it was worth that much for the former owner who now has that much cash from it. The bigger question is whether the next owner will get that much value from it. Sometimes there is no bigger sucker.
- SantalBlush 3y agoFalse. Suppose I possess a fungible asset, and that asset is selling on the market at a particular price. I can choose not to sell at that price, because it's worth more to me personally than the market price. Worth is subjective, price is not.