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People will also keep buying pristine copies of old games so long as that series has some popularity. People aren’t going to lose interest in Nintendo series a

People will also keep buying pristine copies of old games so long as that series has some popularity. People aren’t going to lose interest in Nintendo series any time soon. Even if Nintendo made some awful business decisions, went bankrupt, and the developers and executives were all revealed to be violent criminals, people would still love those games and want to own them. There’s a non zero possibility Apple could be bankrupt in 5 years and all those stocks become worthless. You never know what the next ENRON could be.

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Retric 5y ago
If you want to compare specific bets then plenty of companies have seen 500x returns over shockingly short periods. It’s picking the winners that’s tricky and not everyone can get lucky.
majormajor 5y ago
There's also a non-zero possibility this person would take a huge bath if they tried to sell in the near future: https://www.theverge.com/2021/8/7/22614450/unopened-copy-super-mario-bros-sells-2-million-record https://www.theverge.com/2021/8/7/22614450/unopened-copy-sup... Just a few years ago that would've gone for a massively lower price. How certain are you that that rate will continue in the next five years? Would you seriously recommend that as a wise place to park two million bucks? "Mario is going to remain popular" is a weak reason to expect massive returns on a $2M copy of a video game in a market that saw an extreme recent rise. https://www.cnet.com/personal-finance/crypto/jack-dorseys-2-9m-nft-tweet-auctioned-the-top-bid-280/ https://www.cnet.com/personal-finance/crypto/jack-dorseys-2-... - twitter is still popular, what's the problem, right?
jhbadger 5y ago
But collectibles have a finite length of value based on the generation to which they are of interest. Many old baseball cards from the 1950s and 1960s are actually going down in value as the people to whom they were nostalgic are dying off. It might be a while for Nintendo NES/Famicom nostalgia to do the same (and even later for subsequent consoles), but eventually the people who had those consoles as children will die and later generations just won't care.

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Retric 5y ago

If you want to compare specific bets then plenty of companies have seen 500x returns over shockingly short periods. It’s picking the winners that’s tricky and not everyone can get lucky.

majormajor 5y ago

There's also a non-zero possibility this person would take a huge bath if they tried to sell in the near future: https://www.theverge.com/2021/8/7/22614450/unopened-copy-super-mario-bros-sells-2-million-record https://www.theverge.com/2021/8/7/22614450/unopened-copy-sup... Just a few years ago that would've gone for a massively lower price. How certain are you that that rate will continue in the next five years? Would you seriously recommend that as a wise place to park two million bucks? "Mario is going to remain popular" is a weak reason to expect massive returns on a $2M copy of a video game in a market that saw an extreme recent rise. https://www.cnet.com/personal-finance/crypto/jack-dorseys-2-9m-nft-tweet-auctioned-the-top-bid-280/ https://www.cnet.com/personal-finance/crypto/jack-dorseys-2-... - twitter is still popular, what's the problem, right?

jhbadger 5y ago

But collectibles have a finite length of value based on the generation to which they are of interest. Many old baseball cards from the 1950s and 1960s are actually going down in value as the people to whom they were nostalgic are dying off. It might be a while for Nintendo NES/Famicom nostalgia to do the same (and even later for subsequent consoles), but eventually the people who had those consoles as children will die and later generations just won't care.