Crap, Yes...But At What Price?

Check out this great column by Caroline Baum on the Goldman hearings. Her central point is an elementary one, but one easily forgotten and always worth a refreshing mention - quality must be measured against price, value - like beauty - is in the eye of the beholder. Baum quotes the astute James Glassman about his views on People magazine. For my part, I think any and all romantic comedies starring Jennifer Lopez are crap, but they are nonetheless produced and consumed all the time. Most likely by people whose movie nights don't include the cost of a baby-sitter and require the foregoing of other appealling entertainment options. In markets, Goldman's crap likely is another firm's "screamer."