So the question gets asked about fair market values of assets, and why we don’t record all our fixed assets on the balance sheet at their market values (we use their original cost if you’re really interested in knowing). It’s a good question, and it strikes right to the heart of the relevance versus reliability dichotomy. On the one hand, we want information to be relevant. Relevant information is decision useful information. On the other hand, we want information to be reliable. Wild guesses aren’t so good, even if the thing you’re guessing about is the financial equivalent to “life,…