Gorilla Game Investing in the eWorld Message Board

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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: Seeker of Truth who wrote (543)	11/4/1999 4:24:00 PM
From: Seeker of Truth	Read Replies (1) of 1817

Tekboy raised a serious question about ICGE, i.e. how could one justify the price. I responded in a qualitative way. On further thought I think I was talking nonsense. If somebody says they are investing in a gold mine. we'd ask only quantitative questions, i.e. how many kilos of gold are probably there, what's the cost of extraction per kilo, in how many years can you dig out the gold etc. If he replied that "numbers don't matter, this is gold you know, it's eternal," we'd just feel sorry for him. Thinking this over I took Tekboy's hint and sold it at 155. IMHO there's no way to justify the price. It turned out I could have gotten 168 from a "greater fool" than I.

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