The psychology of selling at a loss

[sonlegoman]

Originally Posted by stevejobs

Don't you mean:

Price sold > price bought - utility gained from object over the years = profit
Price sold < price bought - utility gained from object over the years = loss

example:

A shirt bought for $100 that delivered $50 worth of utility is "profitable" if sold for anything greater than $50 and is a "loss" if sold for less than $50.

Yes, thanks for catching that.

 

[mt_spiffy]

Originally Posted by stevejobs

Price sold > price bought - utility gained from object over the years = profit
Price sold < price bought - utility gained from object over the years = loss

I dont sell anything unless I have little or no intention of ever wearing it again. Provided that's because I wore said item until I was tired of it, price bought = utility gained from object over the years.

That having been said, if I bought an item, never wore it, and then decided I didnt like it much later, then I still see anything I recoup as a profit, since I clearly made a stupid decision the years prior.