00:00in absence of any other proper metric you start taking price as a proxy for value
00:09if you do not know what really is valuable then you are left with no choice then you start thinking
00:15that price indicates value if i ask you to assess the value of something anything
00:23you'll find yourself at a loss you'll say i don't know ultimately you will have to resort
00:29to the price you'll say the one priced the highest is indeed the highest that's what is happening
00:37the problem is of valuation we do not know the value of stuff in life because we do not know
00:43life itself so we start thinking the one that costs us the most is indeed the best one
