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[80] ZACH: Problem with the word ‘Value’. There is a problem with the word value. I believe that the reason the first
chapter is called commodities and not value is because some people don't
value things the same as others. For example, an oil company doesn't
“value” a piece of plywood as much as a lumber company does. Plywood is
definitely a commodity, but it has no value to the oil company. This piece
of wood makes the lumber company a lot of money when sold in large
quantities, yet that plywood's value is zero for the oil company. That is
why the first chapter was called commodities, because each company can
relate to commodities and what their “value” is to that specific company.
Not every commodity is valued the same. |
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