Re: UKNM: More overvalued stocks

[Clay Shirky]

> > > Agreed, but is 'the mutual agreement of the interested parties'

> > > what is actually going on here - other than in the most literal

> > > sense.

> > 

> > What's wrong with the literal sense of worth? Surely it is the literal

> > sense people are interested in when they are working out a mutual

> > agreement, no?

> 

> Clay, I was referring to a literal sense of 'mutual agreement', not the

> sense of worth. 


Same question then - what's wrong with a literal sense of mutual

agreement? You seem to be suggesting that there is some notion of

transactional value that doesn't involve mutual agreement, but I am

having a hard time imagining where that value could be derived, if not

from the assessments of the people involved.


-clay



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