13 Apr
2005
13 Apr
'05
12:45 p.m.
From: "Vintage Computer Festival" <vcf at siconic.com>
On Wed, 13 Apr 2005, vrs wrote:
I think it's like confusing Silicon Valley (or Portland, Oregon) with the
world :-). Maybe if I lived and worked where you do, I would see hundreds
of different venues doing a brisk business in this stuff. As it is, I see
one local scrap guy (there are other local scrap guys, but they tend to
specialize in stuff I'm not interested in). I also see eBay, the commercial
dealers on the Internet, and private deals with people I know from the list.
And that's pretty much it.
So, then we'd have to ask if the market in places like Silicon Valley so
dwarfs the rest of the planet that *they* should be declared "the market".
I think the term "the market" should refer to wherever the bulk of the
available stuff trades, (provided that the venues included are actually open
to the general public). "Market value" should refer to something like the
median value in the distribution of the publicly available trades. (Though
that is a simplification that ignores the reasons there are different venues
with different prices in the first place.)
Vince
Sure, but we still have the semantic quibble
about what people mean when
they say "the market" :-).
Sure, and some people can be correct when they use that term while others
will be incorrect, or will be using it in an incomplete sense. If we are
going to agree to use a common language we must also agree to use common
definitions of the words in that language. Until now, I've never seen
anyone try to define "The Market" as "eBay".