Comment by NikolaNovak | Hacker News Reader

Comment by NikolaNovak | Hacker News Reader

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The thread started with calling those who buy a record at 1300, and I quote, insane. Argument was made that keeping a 1300 record is equally insane or not. That is the discussion here. It started about whether 1300 was sane or not. It was not turned into that discussion by people who hussle.

It is a massive massive massive privilege of us here to even ponder keeping a record we bought for 2 which could be sold for 1300. For a lot of other population this would be not even an argument.

Again, I don't actually care, but I do believe that mathematically, if one starts with assumption / claim that buying a 1300 record is insane, not selling it is equally insane (or not;). Crux of my argument is that two sides of that equation are equal, not whether we should consider that equation or not. I find it dishonest to make one side of the claim, but go all "modern culture is all about hussle!" When pointing the equivalence of the other side of the claim.

You are assuming symmetries where there are none. I want a thing, discover it's readily available for $1300, that seems insane, so I don't buy it. By chance I acquire the thing from a source that was unaware of its fair market value for $2, amazing deal. I have the thing without having to pay an insane price, I am happy. Now here comes an insane person who wants it enough to offer me $1300. Both parties must benefit from an exchange for there to be a transaction, but the benefit is always subjective to them, depends on public and private information, there's no symmetry in buying/selling, and the equations have inequalities rather than equal signs. Now if the offer is sufficiently higher than $1300, or I know I can find the thing again for sufficiently less, or I find myself in need of the $1298 unrealized gain for other things, then sure, it becomes insane to not sell, but absent such factors refusing a fair market offer at a price you wouldn't ever entertain paying yourself is not insane. Additionally, prices aren't static, platonic things. If someone is insane enough to offer $1300, perhaps they are insane enough to offer $2600 in a year, I will be enjoying the thing in the meantime.

>> You are assuming symmetries where there are none

That's the Crux of the conversation here, with two differing perspectives. I'm not assuming it, I'm putting my perspective forward. and asking either clear disproof or acknowledgement of two perspectives.

My perspective to be clear :

If I buy a thing for $2, somebody offers me $1,300 for it, and it is not worth $1,300 to me, I will likely sell it; or I will acknowledge that it's clearly worth 1,300 to me and not call others who buy it for 1,300 insane :).

(This is the opposite of claiming there is no sentimental value. This is acknowledging that somethings absolutely have sentimental value to me and others are more utility based).

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