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Great article, yes, Masterworks is a joke or their price index is disengenious Yes, past performance is not indicative of future results, its also the best met
by vmception 4y ago
Great article, yes, Masterworks is a joke or their price index is disengenious
Yes, past performance is not indicative of future results, its also the best metric we have for future results
Not responding to a request for comment means nothing
But the Beanie Babies… there was a rational trade there, a supply constriction when a supplier wasnt able to fulfill the beanie baby production contract. The founder resolved this and flooded the market and the prices tanked. Beanie babies arent the best example of irrational exuberance. Yes there were people far removed from active trading that merely believed in price appreciation, do these people matter? They exist in the most rational markets too