Where is the Line?
We live in a world where we rely on free markets for accurate price discovery. Fair value is the price point at which buyers and sellers are willing to meet. But is there a moral line depending on the circumstances? If a hotel room usually costs $400 a night but after a hurricane where all the houses are gone, they can charge $4000 a night, should they? What about following a plane crash and people sell out of panic? Should buyers come in well below where price was just before the crash and take advantage? The line of morality isn’t always clear if you’re an opportunist. On this week’s episode, Tom and Dylan discuss the moral ambiguity in opportunism.