Comments on: Eric Clapton, Greg Smith, and the art of constructing narratives http://blogs.reuters.com/felix-salmon/2012/10/19/eric-clapton-greg-smith-and-the-art-of-constructing-narratives/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: QCIC http://blogs.reuters.com/felix-salmon/2012/10/19/eric-clapton-greg-smith-and-the-art-of-constructing-narratives/comment-page-1/#comment-44093 Mon, 22 Oct 2012 17:30:11 +0000 https://blogs.reuters.com/felix-salmon/?p=19068#comment-44093 Being able to sort the wheat of actual information from the chaff of post facto self-reported/constructed narratives is a huge part of wisdom.

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By: Laster http://blogs.reuters.com/felix-salmon/2012/10/19/eric-clapton-greg-smith-and-the-art-of-constructing-narratives/comment-page-1/#comment-44069 Mon, 22 Oct 2012 04:27:07 +0000 https://blogs.reuters.com/felix-salmon/?p=19068#comment-44069 Okay, the “why” question then. Why was Gregg Smith under-performing the other VPs ?

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By: dWj http://blogs.reuters.com/felix-salmon/2012/10/19/eric-clapton-greg-smith-and-the-art-of-constructing-narratives/comment-page-1/#comment-44041 Fri, 19 Oct 2012 22:10:19 +0000 https://blogs.reuters.com/felix-salmon/?p=19068#comment-44041 Is “People are still ready to pay top prices for some paintings” an acceptable thing to write? Taking what you say (that “great” is being understood to mean “something for which people are willing to pay top prices”) as true — and it certainly seems likely to me — the sentence is not entirely meaningless; it has this meaning. (Which may, still, not be deeply trenchant commentary on the fact that a painting just sold for $34 million.)

I think the insinuation that the Clapton premium is entirely additive is pretty asinine even by your standards, though. (I mean that in the best possible way. You’re not “never interesting”, so you throw out things that hit at a variety of levels of asininity; this happens to be in the tail of the distribution.) Especially in a world in which human beings (“irrationally”, as the economist would have it) go to a lot more trouble to get a $10 discount on a $20 item than a $15 discount on a $200 item, it makes sense that, ceteris paribus (surely the Clapton premium on an $n guitar should be higher than the Clapton premium on an $n piece of art), it’s going to be higher for more expensive items.

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