Quote:
Those people who bought at $20 paid fair market value at the time. But they ultimately only recieved $1 back. The cost was $20, but they bought something that had an ultimate value of $1. (... it shows that cost and value are not the same thing.)


Again, value depends on place and time. And value is always subjective, determined by you and the highest bidder.


Edited by Billy (24/03/2006 15:29)