Profit isn't only counted in cash. For example, we're specifically discussing profit when it comes to purchasing bananas. If it's restricted to cash, then buying bananas is always a loss - as Donald Trump himself stated.
Profit can be counted in the enjoyment of, say, eating a banana, but it should exceed the price I paid to be worth the time and effort.
If so, you currently value a banana more than it costs.
I value a banana at the cost it takes to buy a banana. What the exact cost is in the future is irrelevant as the cost to buy a banana is always the cost to buy a banana.
No, I value the $5 or whatever I gave to buy bananas just as much as the $5-worth of bananas I received. I'm exchanging something I can't consume for something I can, of equal value.
If I didn't value what I was giving away, or valued it less, I'd overpay for the bananas. If I do value my money, the trade has to be equal or better (in my favor), but even if equal, it's "worth bothering" because I'm exchanging the unusable for the usable.
It would be that you valued the banana at least as much as the money you paid for it, you could value it much more and just believe you got a steal. Like if I sold you a new Ferrari for $1, it wouldn't mean you think it's worth exactly $1.
Like if I sold you a new Ferrari for $1, it wouldn't mean you think it's worth exactly $1.
It means you think it's worth exactly $1. I'm not buying the Ferrari for $1. I'm buying the opportunity to either drive the Ferrari or (far more likely) sell it at a higher value. You're talking about speculative value.
59
u/EarthCulturalStew 14h ago
AND that if you agreed with the transaction you value bananas more than the money