Comment by Unmotivator2677
3 days ago
I don't know but I will speak:
Cantillon Effect
How much does your bread cost and how much did it cost in the 90s? Where do you think all that value gone? Has bread some what become much better quality or something? Are they lacing it with gold?
They are stealing from your pocket, in many ways than one.
Another point to consider is that musk wealth is on paper only, real value if he wanted to cash out would turn much smaller, it's all hypothetical.
American bread was worse in previous decades. Now I have many more options, and I buy organic bread.
> They are stealing from your pocket, in many ways than one.
You need a more compelling argument than that. Agriculture is not a particularly lucrative industry.
> Another point to consider is that musk wealth is on paper only, real value if he wanted to cash out would turn much smaller, it's all hypothetical.
Back to "what is value?" There is no such thing as intrinsic value. Value is what people are willing to pay for something. That's it. If people are willing to pay more, then the value is higher. If the are only willing to pay less, then the value is lower. And certainly the value of x is different for different people, and varies moment by moment.
The value of a TSLA share of stock is no different from the value of that piece of paper you have that says "One Dollar" on it.