• Dave@lemmy.nz
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    1 year ago

    The buyer always has plans to make it better.

    That’s an interesting claim to make, especially on this post 😄

    • assa123@lemmy.world
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      1 year ago

      Indeed very interesting. It is a fundamental principle of finance: Investors seek to maximize utility, but this is under the axiom of complete rationality. And even if that condition is met (which I doubt), the utility function of money is not concave at all levels, for example leftmost of the graph, before the price of food. I think that after some point, utility becomes flat and Musk is way beyond that point. Additionally he seems to be a risk loving investor, not a risk averse.