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by MichaelZuo
544 days ago
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Most of “the people selling something” have little to no credibility, so their words have no value beyond a very low bar. It would be different if it’s someone e.g. very high up at a F500 selling something, even with a huge information asymmetry, because it’s still possible to bank on their credibility. (Assuming they offer sufficiently many guarantees signed by sufficiently many people.) |
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I could think of reasons both in favor and against, but I'm curious about your rationale.