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Re:It can all go to zero by danhak on Tuesday January 16, 2018 @04:33PM (#16162860)
This is circular logic and not really what I was getting at. Productive assets are valued based on expectations of future cash flows, independent of market value. You’re incorrect in saying the value of everything is determined by the market.

To quote Warren Buffett, “price is what you pay, value is what you get.”

Re:It can all go to zero by Cyberdog on Wednesday January 17, 2018 @11:55AM (#16169500)
Isn't the expectation of future cash flow factored into the current market value of something?

I "overpay" for Apple laptops because I know I'll be able to quickly make my money back by doing productive things with them.