MONDAY LINKS ~ Reads on Writing & Better Living: Diamonds Are Bullshit

Photo Credit: D.Clow - Maryland via Compfight cc

Photo Credit: D.Clow – Maryland via Compfight cc

Quote of the day

In finance, there is a concept called intrinsic value. An asset’s value is essentially driven by the (discounted) value of the future cash that asset will generate. A diamond is a depreciating asset masquerading as an investment. Diamonds are not an investment. The market for them is not liquid, and diamonds are not fungible.

~PRICEONOMICS,Everything Is Bullshit: The greatest scams on Earth revealed

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Published on March 23, 2015 00:04
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