One of the most important lessons in the world of money is
that “Price is not Value”.
We half wish that it was, because of a love for scorecards
and a way of measuring progress. If you can measure something, you can control
it. People partly love big salaries because it is a conspicuous sign that you
are making it in the world. Unfortunately, all a big salary means is that there
is an undersupply of the thing that you are providing. Or there are significant
barriers to entry. Or there is a lack of transparency. There is a container
that creates the ability to earn more, but it is not value. There are lots of
valuable things that are abundant. A high price is just an indication of
scarcity.
Not everything that counts can be counted and contained.
Not all good ideas are good business ideas. Not all good business ideas are good ideas.
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