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by MichaelZuo 544 days ago
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.)

1 comments

Why is it different with a F500?

I could think of reasons both in favor and against, but I'm curious about your rationale.

Because of the credibility attached to the organization that’s then offered as part of the written signed guarantees…

When there’s little to no credibility to offer, such as when a newly hired intern is selling it, then of course it’s no different.