Wednesday, August 1, 2007

Paul Graham has some excellent articles.

This one is about Stuff. I feel like I've been saying this stuff to myself for years. And yet I keep accumulating more stuff.

"What I didn't understand was that the value of some new acquisition wasn't the difference between its retail price and what I paid for it. It was the value I derived from it. Stuff is an extremely illiquid asset. Unless you have some plan for selling that valuable thing you got so cheaply, what difference does it make what it's "worth?" The only way you're ever going to extract any value from it is to use it. And if you don't have any immediate use for it, you probably never will."


Amen, brother.

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