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In response to "Well, that dude is right about one thing. Asset prices ARE entirely arbitrary." by David

How do you figure that? -- nm

Posted by znufrii Feb 9 '18, 09:36

(No message)

Responses:

I mean, I get it in the cosmological sense that nothing really matters anyway, so what’s the point of anything, but I’m curious if you have a more tailored view. -- nm* - znufrii Feb 9, 09:51 14
- We've had this conversation before. All values are arbitrary. -- (edited) - David Feb 9, 10:05 13
  - I would posit they are utility contests, not popularity contests ... maybe that means the same thing -- nm - rollo Feb 9, 10:14 10
    - *phew* -- (edited) - znufrii Feb 9, 10:17 9
      - yeah, I mean I know a lot of useless people who are popular ... but for assets, things are popular because they are useful. David's point that - rollo Feb 9, 10:23 8
        
        Fine, I’ll take a shot at it. - znufrii Feb 9, 10:30
        
        All of these are discussions of perception vs. reality. - David Feb 9, 10:28 6
        
        But what you’re missing is that there is a fundamental value to a smartphone vis-a-vis speed of accessing information. -- (edited) - znufrii Feb 9, 10:37 3
        
        I'm not missing anything. I'm challenging misconceptions about valuation. - David Feb 9, 10:43 2
        
        Well, you’re missing that I’m agreeing with you in large part, that’s for sure. -- (edited) - znufrii Feb 9, 11:02 1
        
        Heh, fair enough.\ - David Feb 9, 11:11
        
        I'm specifically talking about assets/commodities as opposed to products that can reflect branding/marketing influence. -- nm - rollo Feb 9, 10:33 1
        
        The same argument applies, the way I look at it. -- nm - znufrii Feb 9, 10:44
  - I'm pretty sure Russell Wilson's value is fixed at awesome. -- nm - crash davis Feb 9, 10:07 1
    - You'd think he'd have trade value then! -- nm - David Feb 9, 10:12

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