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Someone please help me process this.
(lemmy.world)
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this post was submitted on 22 Sep 2024
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Microblog Memes
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Sure, but just because someone will pay $1,000 for Taylor Swift’s shit doesn’t mean it’s valuable.
This is a simplistic view of value, and basically provides no useful information about anything. There are a lot of people you can trick into paying more for an item than it’s worth, but that doesn’t increase the value of that item.
Depends on your metric of value. If someone will pay $1,000 for it, it's worth at least that much to them.
If I walk into a store and pay them $1,000 for a Snickers bar, I’m not a savvy investor, and that Snickers bar isn’t worth $1,000.
That particular Snickers bar was briefly worth $1,000.