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1/ On PRICE vs. VALUE - a🧵:
You know you invest in price, when you plan on selling something again.
You know you invest in value, when you plan on never selling something again, but instead you either plan on using the thing itself and/or whatever it produces.
You know you invest in price, when you plan on selling something again.
You know you invest in value, when you plan on never selling something again, but instead you either plan on using the thing itself and/or whatever it produces.
2/ That's why people struggle to buy oil when price is going down, as they don't know at what price they can sell it again.
But it is the reason, why they fill up their car full on, when the fuel price is going down, as it has utility.
The former is price, the latter is value.
But it is the reason, why they fill up their car full on, when the fuel price is going down, as it has utility.
The former is price, the latter is value.
3/ That is why investing in fiat is easy. You know exactly what you get for it in lifestyle credits - the only variable is inflation. When you buy "lifestyle credits", you don't sell fiat, you "use" it at a known utility factor.
