10 May
2000
10 May
'00
1:44 p.m.
Bill Sudbrink wrote:
Conversely, if you sell something that you just got for free to
some speculating moron on ebay for $3000, didn't you steal from
them?
Not necessarily. I sold one of my Altairs last year to pay for a trip to the
ARDF Championships up in Portland, OR. It closed around $1450; I had been
given that computer so I paid nothing for it ... or did I? I have spent many
years saving things from the dump, and the person who gave it to me was
going to dumpster it if I didn't take it. Two costs come to mind. The first
is storage costs which probably are minimal. The other? Short Story.
This guy had a chair he wanted to sell and was asking $100,000 for this
chair. It didn't look like much, and certainly didn't look to be worth that
much. His answer? It had cost him at least $100,000 sitting in that chair
instead of going out and doing something.
Opportunity costs.