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I don't know if the benefits were too large but Musk spends the entire article refuting something else: that the deal would be net negative to Nevada. If I pai
by foobarqux 12y ago
I don't know if the benefits were too large but Musk spends the entire article refuting something else: that the deal would be net negative to Nevada.
If I paid $1 for something and today's market price is $10 then I got a bad deal if I sell it for $5, even though I made a profit.
- JoshTriplett 12y ago> If I paid $1 for something and today's market price is $10 then I got a bad deal if I sell it for $5, even though I made a profit. That depends on the circumstances. If you paid $1 for something, and someone else went in on the deal with you for 50% of the revenue if it went up but 100% of the loss if it failed, then selling it for $5 for you and $5 for the person shouldering the risk is not a bad deal for you at all.
- foobarqux 12y agoIt was a simple example used to illustrate that there are obvious situations where you get a bad deal even though you profit. You can also create other examples that do different things and aren't germane to that point.