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> They sold their company at a very good price, much higher than its actual worth. Yeah, I get that, but in doing so destroyed a thing that lots of people foun
by mcphage 3y ago
> They sold their company at a very good price, much higher than its actual worth.
Yeah, I get that, but in doing so destroyed a thing that lots of people found value in. So yeah, they made more money than the thing was worth, great business decision, but I'm not willing to award "this nice thing is worth more as scrap than it is on its own right now" as being called "smart".
- deleted 3y ago[deleted]
- stevenwliao 3y agoIf someone wanted to buy your house for three times its market value and their grand plan was to turn it into lumber, would the smart move be to decline?
- mcphage 3y agoProbably, yeah. For starters, my family likes our house, and we're not really looking to move right now. Like, I'd end up with more money (which is good!) but an angry wife (which is not!).
- kaba0 3y agoDepending on the people involved, a company can be much less personal.
- mcphage 3y agoAs a followup to my previous comment—we've lived in this house for over 13 years, and own it outright. If we had lived here only a few years, and had no real equity in the house, that would probably change the equation considerably.