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The value of Bitcoin is astronomical, but the price goes all over the place as a million buyers and sellers try to figure out what that value is and how likely it is to manifest.
During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers.
Buyers decide in the first eight seconds of seeing a home if they're interested in buying it. Get out of your car, walk in their shoes and see what they see within the first eight seconds.
You can't be in a certain business and not sell to Amazon or not sell to Wal-Mart. You have to reckon with them, because even though there are other buyers, they're the only buyers that matter.
Before purchasing a fixer-upper property, make sure to look at the numbers. It is easy to become emotionally attached to a house, and buyers can lose sight of the true costs of the renovation work.
Sometimes, something of someone is liked too much not because it holds too much value or has a true value, but because there are too many bidders and buyers to have the same thing at the resale value.
Sometimes entire categories of craigslist are rendered nearly unusable by spam. Con artists prowl the listings, paying sellers with fake cashier's checks and luring buyers to share their credit card numbers.
Ultimately, the success of America's market economy depends on trust. This includes trust between buyers and sellers, between lenders and borrowers, and between investors and the companies in which they invest.
Music companies and buyers are not too encouraging towards independent musicians. Everyone wants to play safe and go with established names, but unless one breaks this routine, no new talent will come and survive.
Buyers of powerful cars place a high premium on the exhaust note, and manufacturers spend a lot of money getting it right. At the same time, high-end cars are expected to filter out the sounds of the mundane world.
One of the things that was a blessing for me is my parents were music lovers. Neither of my parents played an instrument, but they were avid record buyers. And I grew up at every age listening to all kinds of music.
Big business, for all its lobbying, is often put in line by investigative reporting, public scandals and multi-million-dollar judgments in court against those who put products on the market that are dangerous to their buyers.
It has seemed, at times, like American carmakers think car buyers are so blindly loyal that they will keep coming back - despite the sticker shock - for crummy cars that guzzle gas, fall apart too soon, and cost too much to repair.
When the U.K. or U.S. government issues bonds to fund a deficit, the buyers are not solely in the U.K. or the U.S. - they're in Asia, Europe, Latin America and the Middle East. Investment banks provide direct access to these buyers.
We're not waiting for the fashion cycle to have 180 buyers come in and see the collection and go, 'We like it, we'll buy it, and we'll have it in June.' The only one we're selling to is Net-A-Porter, and the rest is through our site.
The spectator-buyer is meant to envy herself as she will become if she buys the product. She is meant to imagine herself transformed by the product into an object of envy for others, an envy which will then justify her loving herself.
The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.
Stores don't order merchandise unless they think they can sell it right away. Manufacturers and builders don't produce unless they have buyers lined up. My business contacts describe this as a paradigm shift and they believe it's permanent.
One thing that is unique to Stadium Goods is that they have a consolidated view of everything that is going on in the footwear ecosystem because they are connecting with customers, both buyers and sellers of sneakers, in so many different places.
It's always smart to know your market - what kind of buyers are looking in your neighborhood? What have other houses sold for in that area? Check out some of the open houses if possible and you'll start to learn about what people in that area value.
I ended up buying business.com for $150,000 because I wanted to make it a magazine. It would have been a 'Time'-type magazine: how to do business on the Internet. And I was offered a lot of money for that domain. I played two buyers against each other.
Bringing buyers and sellers together through a single platform is not a new idea - most of us know about eBay's success - but with advancing technology comes new innovative methods for businesses to connect customers with those who want to offer services.
As I saw more and more people buying the images that were happy buyers, and people selling the images that were happy with how the market was pricing them, I started to get the sense this could be the go-to place for businesses to get the images they need.
The shortage of buyers, which the world is suffering from, is readily understood, not as due to people not wishing to obtain possession of goods, but as people being unwilling to part with something which might earn a regular income in exchange for those goods.
In a free market capitalist system, 'price signals' are everything. Prices are determined by buyers and sellers in the free market, and these prices are broadcast from the exchanges, reaching all corners of the economy - where they are used to transact business.
Most of what we know about sales comes from a world of information asymmetry, where for a very long time sellers had more information than buyers. That meant sellers could hoodwink buyers, especially if buyers did not have a lot of choices or a way to talk back.
A whopping 89 percent of buyers start their home search online. How your house looks online is the modern equivalent of 'curb appeal.' Rent a wide-angle lens and good lighting, get rid of your clutter and post at least eight great photos to win the beauty contest.
The media try to make rank-and-file Americans feel guilty about buying a gun. The enemies of freedom demonize gun buyers and portray us as social lepers. But we know the truth. We know that responsible gun ownership exemplifies what is good and right about America.
Being in Loyola College exposed me to other options and gave me confidence, apart from the freedom to bunk classes. I became a merchandiser and then a garment manufacturer, and interacting with foreign buyers and manufacturing foreign brands in India gave me a high.
Historically, large-scale global trade has served two functions: 1) the exchange of goods between willing sellers and buyers described in Econ 101 textbooks; 2) as a tool of state aggrandizement, in which the private parties are stand-ins for governmental interests.
When we talk about the things at Airbnb that are challenging and that they are going to have to overcome, the parallels with eBay are across the board. It's community management. It's making sure the marketplace is in balance - the right amount of buyers and sellers.
Everything about my journey to get Spanx off the ground entailed me having to be a salesperson - from going to the hosiery mills to get a prototype made to calling Saks Fifth Avenue and Neiman Marcus. I had to position myself to get five minutes in the door with buyers.
Because of the audience I get and the fact that these people aren't traditional comics buyers I don't think the comic industry looks at that and thinks that is a very respectable thing. I'm very used to it. I'm not the guy who wins awards and gets mentioned in magazines.
The lower spreads mean lower costs for investors, because Nasdaq investors generally do not trade directly with one another. Instead, they usually buy and sell from market-makers, brokerage firms that flip shares between buyers and sellers and keep the spread for themselves.
If you've got a classic car look back in your log book and see if any of the previous owners will be happy to give you photos of the car in its heyday. You'll find that more often than not they'll be happy to share memories of it and it'll make it more appealing to potential buyers.
Now it's easy for someone to set up a storefront and reach the entire world in very modest ways. So these technologies that we thought would dis-intermediate traditional sellers gave more people the tools to be sellers. It also changed the balance of power between sellers and buyers.
Over the years, the technology of trade has changed in response to advances in the ability to communicate. From its origins on the streets of Chicago, the Board of Trade moved to a building housing 'trading pits' for the open-outcry exchange by brokers representing buyers and sellers.
There have been a lot of critiques of the finance industry's having possibly foisted subprime mortgages on unknowing buyers, and a lot of those kinds of arguments are even more powerful when used against college administrators who are probably in some ways engaged in equally misleading advertising.
No matter how beautiful and loved a cover may be, the jury on it remains uncommitted until the book has been in the world for a while. Perhaps bookstore buyers will be indifferent. Perhaps it will be lost on store shelves. Perhaps there's another book or two out there using the same or a similar photo.
I presented a bill that will address a glaring loophole that allows gun buyers to bypass a background check by purchasing guns as kits. These kits allow anyone to purchase a totally untraceable firearm. The act simply says these weapons should be regulated like other firearms and require background checks.
What's hurtful is when you have portrayals like, you know, when you have someone like Jared Leto who accepts an award for 'Dallas Buyers Club,' after playing a trans woman, standing in a full beard and looking fully cis male: it is communicating to our audiences that underneath all of that, it's still a man under that.
Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?
I have friends who died being successful bohemians. Today, I see people my age who are gifted but who insisted on staying in this group, and it's beaten them so bad. They have to spend so much time on ego maintenance, they can't get any work done. They'd be very happy to sell out, but there are no buyers, and that hurts.
In the old generation, if one kid bought a PlayStation 2 and the other kid bought an Xbox, at his house you played PlayStation, at your house you played Xbox. Now that it's online, all those early buyers who... you want to play with, they've got their reputation online of who they are and how good they are at these games.
In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies like S&P and Moody's. They had names like Park Place and People's Choice. It was clear to me that many of the buyers of these repackaged subprime mortgages were doing little analysis.
When buyers see the pride of ownership - when they come in, and they're impressed by how clean the place is - they can picture their kids playing on the floor. They can picture the family sitting around the table. When they can picture their own family in that space, instantly you grab them, and they'll pay more money, too.
When I was working for Miramax, before Sundance, a videotape of 'The Blair Witch Project' - of the full, completed movie - went to a lot of the buyers. And so we all saw it before the festival, and I passed, a bunch of people passed... Then I watched the movie marching toward success, and was reminded by my bosses what a dope I was.
I don't think fashion week will go back to what it used to be because people are realising that the industry is completely changing. It's not just in Bryant Park any more, people are figuring out who their audience is, where they want to show, they aren't really playing by the rules. It's not so much about these editors, these buyers.
Haagen-Dazs (a clever Scandi-sounding name invented by Americans in 1961) was bought for its Euro-sounding sophistication by the kind of Americans who first bought those Mercs and Beemers, while Ben & Jerry's (now owned by Unilever) brought a post-hippy sensibility to bear. Buyers saw the brand as saying 'all-natural, organic and Fairtrade.'
I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us.