Quote:
Originally Posted by secondcurve
An interesting slant. So anytime I but a stock or a piece of real estate I have "paid more than anyone else in the country". You are evidently a big believer in the efficient market theory.
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No.
When you buy a stock there are many shares available and you are one of many buyers. There was only one church and it was publicly and widely marketed for over a year. No one stepped up to purchase it, or offered more than the buyer, or they would be the new owner. Therefore, he paid more than anyone else was willing to pay.
When a single item is advertised for bid on EBay the same thing applies. The person who offers the most money gets it. To me, that means that you have paid more than anyone else was willing to pay.
Just one man's opinion.
