Source: Cobden Centre
by Thorsten Polleit
“The concept of ‘value’ is the core element of a general theory of human behavior, it transcends the traditional confines of economic science. Value is a subjective concept – which means: value lies in the eyes of the beholder; there is no such thing as ‘objective value.’ Goods or things (books, apples, computers, etc.) do not have value per se. It is always the individual that assigns value to them (or not).” (06/27/24)
https://www.cobdencentre.org/2024/06/a-primer-on-value-for-non-investing-and-investing-man/