2 ms·
If you're able to sell a sock for $1m then, yes, it's worth $1m. But I strongly suspect that you could not. Which is why the analogy is flawed.
by pbreit 11y ago
If you're able to sell a sock for $1m then, yes, it's worth $1m. But I strongly suspect that you could not. Which is why the analogy is flawed.
- hueving 11y agoNo, but you may be able to sell a 0.01% stake in the sock to someone for $100 and tell everyone that makes it worth $1m.
- kenrikm 11y agoBy telling the investors that while it may look like a sock now, later it'll be a sock puppet and you can sell tickets to the show due to the network effects.
- Lawtonfogle 11y agoYou get enough people to preach it is worth $1m and you'll find many individuals really to buy 1/1000 for $900. Done on a small scale, this would be fraud and would be illegal. But remember, it is illegal because it does work. On the large scale, you just have to wine and dine enough pension fund managers who are in way over their head.