Myth: You get what you pay for

The reality rings true at the opposite end of the spectrum as well, that lower priced items do not always mean inferior quality. When Apple

EVER had someone tell you “you get what you pay for?” May be true in some circumstances; like when you pay RM40,000 for a Myvi, you don’t expect the performance of a RM300,000 BMW, do you?

But higher priced items do not always mean you are getting higher quality. When the price of chicken rises from RM7 per kg to RM10 due to the anticipated shortage during Chinese New Year, it does not mean we are suddenly getting better quality chicken that festive season. When the Shanghai Stock Exchange rose 136% between July last year and June this year, it didn’t mean the majority of Chinese companies’ corporate earnings suddenly became 136% stronger.