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Only if you take an extremely tautalogical definition of "worth" of limited usefulness. If you strengthen it even a little bit further, towards a definition tha
by _delirium 14y ago
Only if you take an extremely tautalogical definition of "worth" of limited usefulness. If you strengthen it even a little bit further, towards a definition that takes into account a degree of repeatability, then a single transaction is not sufficient to establish worth.
That also accords better with general English usage, where what something is worth and what a particular person paid are not considered generally equivalent. There exist phenomena such as "overpaying" and "getting a great deal", where payment in a particular instance diverges (in either direction) from this more robust notion of "worth". Indeed, if that were not the case, arbitrage would be impossible.