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A comment on Why is China smashing its tech industry?. Parent comment

Re:Why is China smashing its tech industry? by wombatmobile on Monday August 02, 2021 @01:42PM (#28040012)
Economists and markets define the value of something as whatever someone will pay for it today.

Successful parents and sage founders define value differently.

They don't see dollars. They see sense.

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Re:Why is China smashing its tech industry? by techbio on Monday August 02, 2021 @04:32PM (#28042244)
This is the definition of value I am familiar with--whatever the buyer will pay.

I am unsure what colloquial definition GP refers to as the counterpoint. Surely you aren't both suggesting sense and dollars are non-overlapping?

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Re:Why is China smashing its tech industry? by wombatmobile on Monday August 02, 2021 @11:03PM (#28045286)
> Surely you aren't both suggesting sense and dollars are non-overlapping?

The difference is the perspective of time.

A quick buck versus a strategic investment.

e.g. What made sense to Page and Brin in 1998 - the algorithm that would become famous as Page Rank, had only a trivial market value at the time, whilst Yahoo was "worth" billions.

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