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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: wonk who wrote (11039)	2/7/2006 12:59:02 PM
From: TimF	Read Replies (2) \| Respond to of 541625

Assuming for the sake of argument that one got the equivalent retail dollar value of fish and silver, the value of the fish must be discounted BOTH for lack of liquidity and the recipient being placed in the position of wholesaler. Assuming that silver isn't the actual currency than you have a similar situation for silver. Silver might have a bit more liquidity (but perhaps not in the fish market). As for the wholesaler that is covered already by the assumptions in the situation. It is assumed that the silver and the fish are of the same value when sold. If a different value is given to the two different employees you have a different hypothetical situation. Also remember that the fish and silver hypothetical was used as an analogy for stock and cash. Assuming that the stock and cash are of sufficient quantity that commissions are not an important factor, they are even more clearly equivalent than the fish and silver. Tim