08/29/2011, 12:50 PM
Congrats on starting college. I got my first Palm device (Palm III) back in college. Have fun and study hard.
Originally Posted by rigo0523
Reselling when you spot an undervalued asset is a major sector of our economy (hedge funds and private equity do this). But that is not always desirable.
For example, suppose you live in Arizona. One enterprising individual could buy up all the water rights from the utility for cheap, then sell water to the citizens for market prices, which would be quite high. Perhaps it was stupid for the utility to set their prices that low. But our enterprising individual is in effect taking advantage of a scarce resource by buying up more than he needs, making it even more scarce, and then using that demand to make a profit.
People don't like this kind of behavior. That doesn't mean that you cannot do it.