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Politics : Ask Michael Burke
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To: Yogizuna who wrote (45441)2/2/1999 5:18:00 PM
From: Don Lloyd  Read Replies (2) of 132070
 
(...Anything overdone becomes a negative, as in breathing, drinking or eating, even though these three things are necessary to sustain life, at least for you mere mortals! )

Absolutely! This is another demonstration of the economic law of decreasing marginal utility and the theory of subjective value.
The first cup of water you have is more valuable than diamonds, but additional cups are increasingly less (subjectively) valuable until the last one drowns you. -g-

Similarly, you can buy an initial 100 shares of INTC from its CEO at some given price, probably considerably lower than here, and both of you can be more than satisfied at that price due to different levels of individual marginal utility with different quantities owned.

Regards, Don
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