Investing Sr. Associate
|
I was reading about a question that was first asked by Robert Louis Stevenson.
Let's say someone offered to sell you a magical "Imp In A Bottle" (kind of like a genie in a lamp). It will grant extreme luck in financial matters but the catch is you can only keep it for one hour, then you have to sell it to someone else FOR LESS THAN YOU PAID FOR IT, and the transaction has to be $USD and can't involve fractions of cents.
If you don't sell it on schedule, all your financial gains will be reversed and you will lose EVERYTHING and you will suffer unrelenting pain and agony.
The point is, you wouldn't buy it for 1 cent, because you couldn't sell it to anybody else.
And you wouldn't buy it for 2 cents, because no one would buy it from you because then THEY couldn't sell it.
And you wouldn't buy it for 3 cents, and so on.
His point was mathematically no one would ever buy the thing, because they could never sell it. YET, I wager there are many folks that would buy if the price was high enough thinking they could easily unload it.
So - how much would you pay for it? |
|
stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
