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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: Proposal to end public pensions||Date: 7/14/2013 12:11 PM|
|Author: jerryab||Number: 428758 of 514448|
Value is defined whenever I choose to spend my money or time on something.
Close, but not quite. Something has potential value when you are willing to consider using it.
How much I spend is my definition of how valuable it is.
What you have determined is the price is NOT GREATER than the value to you. So, if something has a "value" to you of $4, and it sells for $3--you would buy it. But if the price was GREATER then $4, you would NOT buy it. How everyone else values the item is theirs to determine. Which means the real value of an item is variable--but the PRICE is not.
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