Not really. Imagine you want to buy my car. I give you the make, model and let you test drive it. I also tell you that I paid $X for it and so I’m selling it at

Not really. Imagine you want to buy my car. I give you the make, model and let you test drive it. I also tell you that I paid $X for it and so I’m selling it at some related price F(x). At this point you have all the information to make an independent valuation. You may or may not be influenced by my view of the valuation but that’s on you to decide if you will pay what I’m asking or not.