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> Assets are real, but not the valuation of them.

Valuing assets is a routine, widespread thing.

You can't just handwave away the fact that the real world exists.

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Not when it comes to share prices. Share prices change all the time. Why would they if we could value them perfectly? Just think about it a little.

What asset's value doesn't change?

A painting can be valued. A vintage car can be valued. A movie script can be valued. My house's value changed a bunch during COVID; I'm still taxed on it! Each is an asset; none of these examples can be perfectly valuated; each may see its value change dramatically over time, but you can still estimate its worth pretty well.

Hell, I can put my house address on Zillow and get an estimate in real time.




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