- Sep 20, 2005
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You hit the nail on it's expensive golden head, though. Because both those statements can't be true in absolute terms. Value is either absolute, or subjective. But not both. It goes without saying, the more money we have, the more are we willing to spend. And to suggest that the value we put on things is not related to the amount of cash we have is folly.
Yes I agree. I was specifically replying to Sloth's point though that asset's will have a true market value, but often be purchased at a premium based on the buyers circumstances. One of which may be how much they have to spend, but more often based on how much the buyer needs the asset. Such as a business acquiring premises or another company at a premium because of their strategic importance to that particular company.
In the case of MS, his true "fair value" may be say £17m, but he's worth more to us than say to Man Utd for example because he's our managers number 1 target and a player he's worked with before and trusts implicitly to play the way he wants our team to operate.