Join Jim and Greg as they welcome New York officials getting closer to the truth about nursing home deaths from COVID and how much Gov. Cuomo tried to cover up the numbers. They also hammer John Kerry and the Biden administration for smugly insisting that lots of energy industry workers will lose jobs but the green energy jobs will be even better. And while admitting limited knowledge of Wall Street, they discuss the GameStop trading chaos and the interesting political reaction to it.

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Ritual

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  1. kedavis Member
    kedavis
    @kedavis

    Jim is wrong again.

    I had occasion to straighten out this claim with a car salesman, back in the 80s.

    The value of my home – or car, or anything else – is not just what someone else is willing to pay for it, IF I WON’T SELL IT FOR THAT PRICE.  If I won’t sell it for that price, then it’s worth more.

    The obvious counter to that is, “Well that’s just what it’s worth to YOU.”  My response is, “What YOU want to pay for it is just what it’s worth to YOU.”

    And really, especially since a car dealer is planning to re-sell it for MORE, then THEY actually think it’s worth more, too!

    • #1
  2. David Carroll Thatcher
    David Carroll
    @DavidCarroll

    kedavis (View Comment):

    Jim is wrong again.

    I had occasion to straighten out this claim with a car salesman, back in the 80s.

    The value of my home – or car, or anything else – is not just what someone else is willing to pay for it, IF I WON’T SELL IT FOR THAT PRICE. If I won’t sell it for that price, then it’s worth more.

    The obvious counter to that is, “Well that’s just what it’s worth to YOU.” My response is, “What YOU want to pay for it is just what it’s worth to YOU.”

    And really, especially since a car dealer is planning to re-sell it for MORE, then THEY actually think it’s worth more, too!

    This is exactly right.  

     

    • #2
  3. kedavis Member
    kedavis
    @kedavis

    David Carroll (View Comment):

    kedavis (View Comment):

    Jim is wrong again.

    I had occasion to straighten out this claim with a car salesman, back in the 80s.

    The value of my home – or car, or anything else – is not just what someone else is willing to pay for it, IF I WON’T SELL IT FOR THAT PRICE. If I won’t sell it for that price, then it’s worth more.

    The obvious counter to that is, “Well that’s just what it’s worth to YOU.” My response is, “What YOU want to pay for it is just what it’s worth to YOU.”

    And really, especially since a car dealer is planning to re-sell it for MORE, then THEY actually think it’s worth more, too!

    This is exactly right.

     

    The car salesman was obviously surprised by my response, they must have found that claim – really just a slogan – works on people who don’t go beyond first-order thinking.

    • #3