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Investing In Collectibles - Are NFT's Digital Beanie Babies?

Investing In Collectibles - Are NFT's Digital Beanie Babies?

FromPatrick Boyle On Finance


Investing In Collectibles - Are NFT's Digital Beanie Babies?

FromPatrick Boyle On Finance

ratings:
Length:
16 minutes
Released:
Sep 15, 2021
Format:
Podcast episode

Description

The Beanie Babies Bubble is a particularly entertaining story which highlights all the hallmarks of a mania. Mass delusion. Speculation. Out of control expectations. The herd mentality.Right now, it might appear that we are in another collectibles boom, in February this year, a Michael Jordan basketball card sold for $738,000 at auction. The exact same card had traded for more than half a million dollars less just a few weeks earlier. A Klon Centaur guitar effects pedal is being sold for half a million dollars. At Monterrey car week a McLaren F1 just sold for over $20 million dollars, and a pair of Kanye West’s trainers that he wore to the 2008 Grammys - became history's most expensive sneakers after selling for $1.8 millionSo, should you as an investor buy beanie babies, Kanye west’s old shoes, NFT’s, meme coins or any other collectables? These are all running up in price right now, grown men are discussing their collections of Pokémon cards here on YouTube. Children’s entertainers like Logan Paul are selling cryptocurrencies and NFT’s to their audiences.  Are these items a good investment, and if so - which are the best investment?  We look at the long term returns of collectibles to see what your expected return might be?Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle On YouTube Support the show
Released:
Sep 15, 2021
Format:
Podcast episode

Titles in the series (100)

This podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and corporate finance theory. Included are interviews with some of the most interesting thinkers in finance. Occasional longer form financial documentaries, open up fascinating elements of financial markets history. Patrick Boyle is a quantitative hedge fund manager, a university professor, and a former investment banker. To contact Patrick visit http://onfinance.org Find Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinance DISCLAIMER:This podcast is not affiliated with any financial institution. The information provided is for entertainment purposes only and does not constitute financial advice. Those seeking investment advice should seek out a registered professional in their home jurisdiction and confirm their credentials on your national regulator's website. Patrick Boyle is not responsible for any investment actions taken by viewers and his content should not be used as a basis for investment or other financial decisions.