Quote:
Originally Posted by sammyg2
That penny has a certain value, the material it is made of. It is probably "worth" about 1.1 cents.
But some people will be willing to pay much more for it due to irrational, emotional reasons.
Doing something irrational and illogical because it provides an emotional response or attachment is foolish IMO.
Stuff that sells for more than it is worth simply because others will also pay more than it is worth is a fools game.
I'm not saying people shouldn't collect crap, that's their business.
I won't do it and I consider collectors either as speculative gamblers or foolish.
Actually being a speculative gambler is kind of foolish also.
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So you've
never invested in a material object, hoping for a gain on your investment?