Quote:
... only one value for the total worth of a company can be true. It might have a different market value (after all, people are willing to buy used items on eBay for more than they can buy the same thing new retail), but there is only one true value.


The value of something is subjective, and it depends on time and place.

The people buying items on ebay for more than they are supposedly worth may not have that item available for sale in their area. Ebay helps take the 'place' out of the equation.

A Nolan Ryan rookie card may have been worth 15 cents during his first season in the MLB. It's worth a lot more now. In a thousands years, baseball might be a forgotten sport and it might be worth nothing. Which is the 'true' value? The true value is what someone is willing to pay for it right now.


Edited by Billy (24/03/2006 11:08)