quote:
Originally posted by Lizzie:
Duh. Welcome to the world of auctions. Online and otherwise. That's the way the antiques business works. You bid on the item based on what your projected profit will be when you re-sell.
Duh yourself. Projected profit--which is present in all forms of resales, not just antiques--is quite different from actual loss. One may well anticipate a profit, but one has not incurred a loss until one has actually lost capital. Put another way, you cannot lose what you do not already own or have already paid for.
Emotionalism is no way to keep a business ledger.