Ultimate value is a function of gross returns minus total costs. (Net = gross - cost)
If we have no concept of cost, how do we know what the most valuable thing is? Actually, you are estimating, you're just doing it silently; which guarantees you'll have worse estimates than an explicit estimate (which I agree with you are often terrible)
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Ultimate value is a function of gross returns minus total costs. (Net = gross - cost)
If we have no concept of cost, how do we know what the most valuable thing is? Actually, you are estimating, you're just doing it silently; which guarantees you'll have worse estimates than an explicit estimate (which I agree with you are often terrible)