5 ms·

TIL the Wall Street Journal thinks tracking prices longitudinally is a stock market. Where on StockX can I buy a share of ownership of a luxury watch?

by css 8y ago

JakeWesorick 8y ago
You buy the watch.
gammateam 8y ago
It pretty literally says that it is a secondary market and not your interpretation of the headline. Its more like the journalist and developer knows how to make a product relatable. Take notes.
- AznHisoka 8y ago
  The headline says "stock market" for Nikes. I interpreted it as sort of like a game where you could flip Nikes or bet on the price of them or something. If it's a secondary market like Ebay, say so. That's much more straightforward.
  - gammateam 8y ago
    The subtitle says secondary market, after saying something relatable in the headline.
    - iamdave 8y ago
      The subtitle says Getting to this point would have required reading past the headline.
      - gammateam 8y ago
        Which less people would have done if the headline said "Secondary Market"
- deleted 8y ago
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- deleted 8y ago
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RickS 8y ago
The "stock market" as most people imagine it has two major features IMO: 1) The "distributed ownership" bit – purchase shares representing fractional ownership of something. 2) The "collaborative price finding" bit – use liquidity and misc market forces to find the market price of most things in a fast, continuous, and least painful way. You're talking about 1, which yes, totally irrelevant. They're talking about 2, which is very relevant. I'll concede that if you want to be pedantic about semantics, "market" is better than "stock market", but would counter that people think of a "market" as a place where you go to buy lettuce, rather than a conceptual price-finding environment. The stock market concept better matches this abstraction in laypeople's minds.
- jasode 8y ago
  >The stock market concept better matches this abstraction in laypeople's minds. In even more obvious cosmetic comparisons, the word "Stock" is in embedded in the company name "StockX", and when you go to the "stockx.com" url, there's a ticker of live shoe prices scrolling sideways similar to the traditional stock market displays. The landing webpage also bills itself as, "The Stock Market of Things". The "stock market" analogy (however flawed it is) is clearly intended to connect to laypeople and not meant to pass a vocabulary test by college econ professors.
  - unpwn 8y ago
    Lol, that's such a dumb slogan. The stock market is a market of stocks. A "The Stock Market of Things" is just a market.
nchlswu 8y ago
sounds like otiswealth.com would be the place.
erichurkman 8y ago
Not for watches, but there is a platform for collector cars, Rally Rd [0]. Each car gets its own defined company, you buy/sell company shares through Rally Rd. It's not fully liquid, as there's only one trading window per car per month. [0] https://www.rallyrd.com/ https://www.rallyrd.com/
dragonwriter 8y ago
“Commodity market” would be a closer analogy.

TIL the Wall Street Journal thinks tracking prices longitudinally is a stock market. Where on StockX can I buy a share of ownership of a luxury watch?

by css 8y ago

TIL the Wall Street Journal thinks tracking prices longitudinally is a stock market. Where on StockX can I buy a share of ownership of a luxury watch?

JakeWesorick 8y ago

You buy the watch.

gammateam 8y ago

It pretty literally says that it is a secondary market and not your interpretation of the headline. Its more like the journalist and developer knows how to make a product relatable. Take notes.

AznHisoka 8y ago
The headline says "stock market" for Nikes. I interpreted it as sort of like a game where you could flip Nikes or bet on the price of them or something. If it's a secondary market like Ebay, say so. That's much more straightforward.
- gammateam 8y ago
  The subtitle says secondary market, after saying something relatable in the headline.
  - iamdave 8y ago
    The subtitle says Getting to this point would have required reading past the headline.
    - gammateam 8y ago
      Which less people would have done if the headline said "Secondary Market"
deleted 8y ago
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deleted 8y ago
[deleted]

RickS 8y ago

The "stock market" as most people imagine it has two major features IMO: 1) The "distributed ownership" bit – purchase shares representing fractional ownership of something. 2) The "collaborative price finding" bit – use liquidity and misc market forces to find the market price of most things in a fast, continuous, and least painful way. You're talking about 1, which yes, totally irrelevant. They're talking about 2, which is very relevant. I'll concede that if you want to be pedantic about semantics, "market" is better than "stock market", but would counter that people think of a "market" as a place where you go to buy lettuce, rather than a conceptual price-finding environment. The stock market concept better matches this abstraction in laypeople's minds.

jasode 8y ago
>The stock market concept better matches this abstraction in laypeople's minds. In even more obvious cosmetic comparisons, the word "Stock" is in embedded in the company name "StockX", and when you go to the "stockx.com" url, there's a ticker of live shoe prices scrolling sideways similar to the traditional stock market displays. The landing webpage also bills itself as, "The Stock Market of Things". The "stock market" analogy (however flawed it is) is clearly intended to connect to laypeople and not meant to pass a vocabulary test by college econ professors.
- unpwn 8y ago
  Lol, that's such a dumb slogan. The stock market is a market of stocks. A "The Stock Market of Things" is just a market.

nchlswu 8y ago

sounds like otiswealth.com would be the place.

erichurkman 8y ago

Not for watches, but there is a platform for collector cars, Rally Rd [0]. Each car gets its own defined company, you buy/sell company shares through Rally Rd. It's not fully liquid, as there's only one trading window per car per month. [0] https://www.rallyrd.com/ https://www.rallyrd.com/

dragonwriter 8y ago

“Commodity market” would be a closer analogy.