Salomon Aaron
π€ SpeakerAppearances Over Time
Podcast Appearances
And I always say, it's kind of consistent.
My best friend's always like, I can't believe you've not found me a triceratops scar.
And I always say, you can't buy as an investor.
You have to buy because you love it.
You're kind of inspired by the history, by the
It is, it's awe-inspiring to stand in front of a kind of 66 million years old creature that roamed the earth and it's jaw-dropping.
But I don't believe in kind of buying for speculative reasons because there are so many unknowns.
It might be that America, the US decides to kind of shut the private trade down and suddenly you may be one of the few people in the world with a triceratops skull in good condition and suddenly it's worth a hundred times what you paid for it.
It may be that actually property prices go up and no one has the space for a dinosaur fossil in their home anymore.
I mean, there's so many variables.
There has been a lot of speculative buying and you do see that with pieces that have been acquired at auction and then six months later or one year later, they're offered for sale again privately as soon as the auction is finished.
And that's not the behavior of kind of a genuine collector.
who wants to acquire and live with something for decades.
I really don't enjoy working with people who have that.
That is their plan.
You have to just trust that you do your research and your due diligence and you acquire at the fair market value, especially in this space.
It's unreasonable and it should be a massive red flag for someone to sell you something which is under the prices of the current market because it's so competitive.
All you can do is kind of acquire at a fair value with an honest description of what you're buying, with an understanding of exactly how good it is, how complete it is.
And we can go into, for example, what to look for when acquiring a dinosaur fossil.
Like why, what gives it value?