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To: Homer_J_Simpson

I notice that he says “buy property at its true value” and “the credit to which they are entitled” as if “value” and “entitled” were Platonic Ideals rather than snapshots of constantly-changing market conditions.

As my late father used to say, “What’s a sick chicken worth? Whatever someone will give you for it!”


29 posted on 10/10/2017 5:28:52 AM PDT by Tax-chick ("I prefer to think of myself as ... civilized." ~Jonathan Q. Higgins)
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To: Tax-chick

Way back before there was a CNBC, its predecessor was FNN (Financial News Network). Late 80s, early 90s.

There was this old gent who did commentary, mostly on bonds - Ed Hart. I’ll never forget a discussion he was having with someone about some company’s “worth.” He noted that “worth” was not an accurate term to use - the proper phrase was “presently valued at.” It always changes.


32 posted on 10/11/2017 7:11:54 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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