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Host 2

šŸ‘¤ Speaker
15114 total appearances

Appearances Over Time

Podcast Appearances

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

It is not making a machine.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

You're trading on speculation, scarcity, and kind of like the fool fallacy.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Yeah, wine, art, like baseball cards, you know, like coins, all sorts of stuff.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Cars.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

What's...

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

I guess the thing is, though, like, you risk going into that, like, tulip bubble or that kind of, like, tulip hysteria where actually, like, you know, NFTs are a big one, right?

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Yeah.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

And, you know, they were going for like millions of dollars and now they're all worth like nothing.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

And that's the thing is like if you get caught up in the hype and the hysteria and you pour your money into it, you could be left holding the bag and that bag could be worth nothing.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Yeah.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

The other thing is like, um, a lot of these assets don't provide you with kind of the traditional things you would get from another to asset class, dividends, cashflow, rent, something like that.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Um, so you're basically spending the money, hanging onto it and just hoping that, I don't know, maybe for nostalgia's sake, this Pikachu gold edition is going to go up 5,000%.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Yeah.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

And how do you value it?

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

You've got to ask another nerd what they think about it.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Do they play with them though?

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

But do they actually play the game?

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Is there a game that they're playing or are they just collecting?

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

Because it's got points on it.

Cheques and Balances
The $3,800% Return: Pokémon Cards vs S&P 500 | Episode 474

God, I sound old.