ST Alpha - "We've had this conversation before. All values are arbitrary. -- (edited)" (Reading a Post)

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In response to "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*" by znufrii

We've had this conversation before. All values are arbitrary. -- (edited)

Posted by David (aka David) Feb 9 '18, 10:05

Gold does me no good. Others seem to like it because it's shiny and embodies wealth.

Literally every asset has more value to some people than others. As such, asset prices are popularity contests.

Responses:

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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We've had this conversation before. All values are arbitrary. -- (edited)

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