News Is Valuable, But Value And Price Are Two Separate Things
23rd January 2008
Read it. The vital distinction between value and price has tripped up many otherwise intelligent people.
Value drives demand — but price is set by the intersection of demand and supply. If supply is abundant, it’s not going to matter how valuable your product is, price will get pushed towards zero.
Air is the most valuable thing you’ll see today, but when it’s free for the breathing it’s price is zero unless you do something like move it or compress it..