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Most of “the people selling something” have little to no credibility, so their words have no value beyond a very low bar. It would be different if it’s someone
by MichaelZuo 2y ago
Most of “the people selling something” have little to no credibility, so their words have no value beyond a very low bar.
It would be different if it’s someone e.g. very high up at a F500 selling something, even with a huge information asymmetry, because it’s still possible to bank on their credibility. (Assuming they offer sufficiently many guarantees signed by sufficiently many people.)
- a123b456c 2y agoWhy is it different with a F500? I could think of reasons both in favor and against, but I'm curious about your rationale.
- MichaelZuo 2y agoBecause of the credibility attached to the organization that’s then offered as part of the written signed guarantees… When there’s little to no credibility to offer, such as when a newly hired intern is selling it, then of course it’s no different.