What Pirates Can Teach You About Price

In 1st century BCE Julius Ceasar was captured by Cilician pirates.  They wanted 20 silver talents ($330,000) for his release. Julius Ceasar laughed at the pirates and told them they should be asking for at least 50 silver talents ($825,000) for his ransom. The pirates were confused.  They had never met a hostage that demanded… Continue reading What Pirates Can Teach You About Price