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1/ Why I’m long #nbatopshot and don’t mind eating a 50% MTM loss.
In '13, a mentor recommended that I store a portion of my worth in collectibles like art, wine, watches, comics & cards. Didn’t ask, started anyway.
Listening to successful people is a good habit.
#GotInLateTho
In '13, a mentor recommended that I store a portion of my worth in collectibles like art, wine, watches, comics & cards. Didn’t ask, started anyway.
Listening to successful people is a good habit.
#GotInLateTho
ii) fax/figs. read this
https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/csri-collectibles-2020.pdf
TLDR:
- Collectibles are conservatively a $1T market
- Ultra-high-net-worth individuals, (NW >50MM) collect things.
Someday, I’d like Virgil Abloh to make me a bejeweled Nautilus. @Drake
Mimic successful people = good habit.
https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/csri-collectibles-2020.pdf
TLDR:
- Collectibles are conservatively a $1T market
- Ultra-high-net-worth individuals, (NW >50MM) collect things.
Someday, I’d like Virgil Abloh to make me a bejeweled Nautilus. @Drake
Mimic successful people = good habit.
c: Why collectibles? Diversification is more important than ever. Watch 01:31. Currency, asset class and country diversification are key.
@chugsnbugs 04:27
. Amen. USD=FKD
Learning abt how successful ppl think is a good habit
@neweconforum
@RayDalio
@chugsnbugs 04:27
. Amen. USD=FKDLearning abt how successful ppl think is a good habit
@neweconforum
@RayDalio
Four: Why @nbatopshot specifically? @MaxMinster nails it here. https://twitter.com/MaxMinsker/status/1379596871648210946
Only thing to add is that basketball has huge pop culture relevance.
Scarcity+cultural significance+new tech=
But we’re talking years, not days.
Patience is a good habit (esp w collectibles)
Only thing to add is that basketball has huge pop culture relevance.
Scarcity+cultural significance+new tech=
But we’re talking years, not days.
Patience is a good habit (esp w collectibles)
5) *MAIN POINT*
Why years? See an imperfectly comparable market
Black Lotus
1995: $200
https://mtg.fandom.com/wiki/1995
'14: $27,000
https://www.cnet.com/news/guy-opens-old-magic-the-gathering-deck-stumbles-on-27000-card/
'19: $166,000
https://www.cbr.com/magic-the-gathering-black-lotus-half-million/
Jan '21: $511,100 https://www.polygon.com/2021/1/27/22253079/magic-the-gathering-black-lotus-auction-price-2021
ROI: big
PATIENCE+COLLECTIBLES = GOOD HABIT
Why years? See an imperfectly comparable market
Black Lotus
1995: $200
https://mtg.fandom.com/wiki/1995
'14: $27,000
https://www.cnet.com/news/guy-opens-old-magic-the-gathering-deck-stumbles-on-27000-card/
'19: $166,000
https://www.cbr.com/magic-the-gathering-black-lotus-half-million/
Jan '21: $511,100 https://www.polygon.com/2021/1/27/22253079/magic-the-gathering-black-lotus-auction-price-2021
ROI: big
PATIENCE+COLLECTIBLES = GOOD HABIT
6/ Original q: Why I’m long #nbatopshot and don’t mind eating a 50% MTM loss. Basically, I’m truly in this for the long haul, and for these 3 reasons.
First, diversification.
Second, scarcity is key but is established over longer periods of time ( #moarsupply in time will ..
First, diversification.
Second, scarcity is key but is established over longer periods of time ( #moarsupply in time will ..
7/ benefit low mints).
Third, we could all just be totally categorically wrong and this goes to 0. Small incremental investments starting today that go sour over 5 years doesn’t hurt so much. Rather shoot my shot...
Personally, I think @nbatopshot #momies go parabolic.
#BTFD
Third, we could all just be totally categorically wrong and this goes to 0. Small incremental investments starting today that go sour over 5 years doesn’t hurt so much. Rather shoot my shot...
Personally, I think @nbatopshot #momies go parabolic.
#BTFD
