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Sunday, 07/10/2016 10:32:16 AM

Sunday, July 10, 2016 10:32:16 AM

Post# of 54519
So lets say I have a cardboard box with something inside, you have 20 bucks. I agree to sell you my cardboard box and its contents for 20 bucks. Later someone looks at your box, examines it carefully and says "That box has a $100 bill in it." You sell the box to the man for $100. So you made $80 dollars, I "lost" $80 by not waiting until the other man wanted the box.

Now along comes an auditor, he starts to sniff around the box and declares in his expert opinion that the box is 100% full of bullshit. Well, hardly anyone wants to buy a box of bullshit and the man is left selling it for fertilizer to a farmer for $1.

So in the long run, I now have a $19 gain for my box of bullshit, you have an $80 gain for my box of bullshit, and the last man has a $99 loss on the box of bullshit. And we have a zero sum gain.
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