Thursday, January 22, 2009

"You need money to make money" is a misconception

Ex: The Red Paper Clip story

Value is determined by an individual's need in a given situation, and thus it is relative and never fixed. A pen may worth $1.50 at Staples, but for someone who suddenly found himself missing a pen when arriving at an exam might be willing to pay for this pen at a much high price if there is one to offer at that given situation. The consequence of not writing an exam outweighs the value of the pen at that moment.

- Desperate situation calls for desperate value.

錢是想出來的, 多動腦有益身體健康.

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