4 ms·
> you could also say the baseball card company was exploited and lost out on pricing their cards at $100? The baseball card company is in the business of selli
by mauvehaus 1y ago
> you could also say the baseball card company was exploited and lost out on pricing their cards at $100?
The baseball card company is in the business of selling lottery tickets. If there wasn't a secondary market for the ones that get really valuable, they'd sell a lot fewer new cards to people looking for a winning lottery ticket.
It's a weird business for them because they're selling lottery tickets, but don't necessarily know which ones will be winners. Although with all the statistics and moneyball stuff, they'd sell a probably have a better idea now than in the past.
- Terr_ 1y ago> It's a weird business for them because they're selling lottery tickets, but don't necessarily know which ones will be winners. I think it's more like gambling on horse races. They make money by making the opportunity, and it's mostly the participants who prey upon one another.