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"Something is worth what someone will pay" I've never been to keen on that statement. It approximates something about fairness. It's expresses something about
by netcan 12y ago
"Something is worth what someone will pay"
I've never been to keen on that statement. It approximates something about fairness. It's expresses something about subjective worth. But, we're talking about something with a fairly objective, if ambiguous value.
The price of something may be what someone will pay. For the value of something... I don't think this holds true. The value of a stock is objective, it's the future incomes discounted or somesuch. If you pay more than that you over payed.
- nbouscal 12y agoThe value of a share of a stock for a typical investor is net present value of future cash flows, but the value of an entire company to one of its competitors can be something very different. As others in the thread have mentioned, the strategic value of removing a competitor can be significant.