Is it possible to create profit without creating value? Probably, but I think that counts as a scam. At best, it’s arbitrage. (Any counterpoints here?)
Why Value Creation is the Foundation of Business: How to define it, measure it, and manage it
Eric Jorgenson
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Scams don’t create intrinsic value. They somehow manage to create only perceivable value (i.e. fake). People perceive value and pay for it (profit) only to realize that their perception is not reality.

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