this post was submitted on 10 Jan 2024
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If I sell someone a banana for $20, that banana is worth $20. Someone else may disagree with the value but that does not change the fact that in that moment the banana was valued at $20.
It means the person that bought it is a fool, nothing more.
You lack the information or understanding as to why it was given that value. You are the fool.
Feel free to prove me wrong with concrete numbers that back up your assertion with the true value.
I am confident you are not an investment analyst.
I'm the fool for saying a banana isn't worth $20? That's a weird line to draw. And I never claimed to be anyone here. I'm just pointing things out. Like this - musk literally had 4.20 in the cost "for the lulz". Nobody's convincing me that man had any idea of the "true" value of Twitter when he proposed his bid.
The banana is an example.
Your inability to understand how a banana could actually be worth $20 further illustrates my argument that you do not understand economics.
Your example had zero context. I'm supposed to just infer all the meaning for you? Come on now. If you don't wanna put in the effort, just don't bother in the first place. Don't blame other people for your actions.