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0 pointsmcguire3y ago0 comments

I have here a pencil. My buddy is willing to give me $100 for it, so its value is $100, right? But I'll sell it to you for only $50. Bargain!

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2 comments · 2 top-level

ZoomZoomZoom3y ago

Either you're being manipulative, or just don't get that there's a market for your pencil, and it's not just your buddy, so his role in establishing the price is much less important than you present.

Of course, all of this is about price, not value.

maxbond3y ago

If your buddy throws in a an option to sell for 1 pencil at $100, then you've got a deal!

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