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So why does it matter to him how much it any of it is worth if he can't profit, because it doesn't sound like he loves his umbrella all to much.
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Because his argument is
value, where the value of what he received exceeds (by 2-4 times more than) what was paid, and this is the case for pretty much everyone. I don't know how ANYONE could possibly expect something perfect from them in a random gift box either. If you truly held that belief when you received a gift.. I don't even know what to say.