How To Measure The Value of NFTs The Long Run Show

The Elevator Pitch For Value
Welcome back to The Long Run Show. Today we are going to talk about how to value your investments.
Starting with a rather philosophical definition of value, hosts Austin and Mike go through techniques to value the new retail investment tools such as NFTs, and MEMEs.
#META,#NFT,#MEME,#VALUE
Hosted By:
Austin Willson
Michael O'Connor
NOT FINANCIAL ADVICE
The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice

Unedited Transcript:
Welcome back to the long run show. This is Austin Wilson coming to you with Michael O'Connor. Hello, today, we are going to talk about value. What is value? Why do you buy it? How do we quantify it is qualitative all of the above to do with value. Uh, this is going to be a little bit more of a philosophical episode, uh, but I think it's important to understand.

Kind of the, the philosophical, the mindset, the theory, if you will, around the wiring. Not quite, but that too. We can talk about that. So we're going, gonna dive into everything from crypto alternative investments to stocks, bonds, all of it. And how. Do we value it? Why do we value it? Why invest almost. So it's going to be a bit of a meta episode here, but I hope you'll hope you like it.

So to get things kicked off here, Mike, um, I'm just going to ask you, what is. Ooh, that's a, quite the opening salvo there, Austin. Uh, well, let's see, ready go. The elevator pitch of what is value, sell me on value. Sell me on value, not value investing, which again, that's something we can, we can talk about it here too.

Like value investing, growth investing. I've never really understood the difference to be honest, but, but initially value. What, what is value when we say value? Y what are we, what do we mean? Yeah. At the end of the day, value is a, it's hard to pin down because it it's, it describes so many things in so many different ways.

I think the best way to do it is something like you said, take almost a philosophical approach and step back and try and try and look at what the first principles of value could be. Um, I think that value is a way of. Quantifying what something means in relation to either, you know, uh, the economist of me would say, you know, a utility or a perceived value is kind of also floating around there of, you know, there's this, the element that it is a, a construct of the mind in one way or another, because different people can assign different values to different things.

But at the same time there, I think there is an objectiveness to value that something that has a use or a, some sort of actionable, actionable ability to it that improves either quality of life or survivability. I mean, if you want to get down to the very deep level of, you know, what is the value of food or water or shelter.

And this the, the classic, you know, would you rather have diamonds or water in a desert if you're going to die? So it's a, you know, value depends on the environment that you're in. It depends on the situation that you're in. Depends on how you perceive the things that you're trying to value, but. I mean, without going too far down the rabbit hole there, I think in the average day-to-day life of both of us and in people who are listening and investors all over the globe and especially in United States, I think value is pretty out of our hands in a lot of ways.

I think it's, it seems to be assigned in a lot of ways. And I think that's how a lot of people perceive things. Like if a shirt is. $30 at the clothing store, but it's suddenly, it's 50% off you say, wow, I've got a great deal. Like that's great value, even though maybe the, to make it, it was only a dollar, you know?

So there's, I think there is a, an ideology that value is in some ways assigned in some ways out of the hands of any individual player, um, So there's that kind of value that exterior value that is almost imposed on us and our experiences by exteri