At 1:46 PM -0800 on 12/1/01, Tim May wrote:
What there may be are market-clearing prices, in various markets and at various times, but this has nothing to do with "universally agreed-upon values."
Amen. The "worth" of anything is what the market pays for it. Period. I expect that "reputation" is something very close to "goodwill", which is a polite accounting fiction to deal with the fact that the calculated "worth", of an asset as carried on the books of a purchased entity, is less than what the market paid for it. Cheers, RAH -- ----------------- R. A. Hettinga <mailto: rah@ibuc.com> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'