Happy 2021 everybody. One of my friends just started a new job and had to listen to an onboarding statement from the CEO

he said alot of people are out there taking advantage of all the available arbitrage. Sometimes people see cards art garages sales, they buy them $400 to arbitrage and sell them for $2k online, but then they learn that the card is a fake or not worth as much as they thought

is this an appropriate use of arbirtage?

even besides this example, is buying a sports card and then selling it later for more money considered arbitrage?

jw, I dont want to tell my friend and have her accidently argue with the CEO about his financial definitions

your money doubles every 10.2 years. Not bad at all. index funds are best funds imo

SCREECH!!

Arb by definition is a zero risk trade where you buy and sell at the same time locking in the margin due to market inefficiency

That would not be an example


Sent from my iPhone using Tapatalk

Buying and selling collectibles for the intent to profit is not an example of arbitrage. Closer to buying and selling toilet paper.

44, yikes.

Gonborrowedtime?G

I bought and sold sports cards for more than a decade. I know its back in fashion now that Gary Vee is in on it big time, but from my experience it is a colossal PITA and the time you sink into it will never be worth what you get out of it.

There are LOTS of fakes out there. LOTS. Even ones in PSA/BGS slabs.
Retrimmed cards are out there too. Super premium vintage stuff in particular.

I listened to an interesting pod back in the fall from a dude who was a huge commodity trader and has made billions as such. He has started trading sports collectibles in the 90s.

He said there was absolutely arb ops back then due to information advantages. His thesis was that within a year of Ebay becoming somewhat mainstream that advantage was all but gone.

I have been involved in a lovely arb play 4 the past couple o months. Once its over I will be moar than happy to discuss. Till then I sadly for obv reasons cant.

VOO DOO amirite

Las Vegas bottled waters?

i drink vegas tap water literally every day and im completely fine both mentally and physically

But can you dunk?

many different types of balls

My first real job was in my town where everyone had a well. I recall the day the adults were looking around for the "water main" and ignored the teenager saying it didn't exist.

I drank well water at school as a kid in Michigan. It's pretty evident I've suffered long term brain damage from it. I wonder if I can still sue.

Protect yourselves

I use a zero water filter thing. It’s the best. Way better than Brita

I would actually endorse you drinking nothing but dirty puddle water over the course of your bet with BiP

i do hope you've been disciplined to date?

Looks like the GME **** show is headed for another pull back today. I hope everyone used their brain and pulled some off the table if not bailed entirely

So is AMC, but my sell got hit in the opening minutes yesterday. EFF YEAH

I'm also almost at a full double on CCIV. But I'm holding that bad boy.
Lucid Motors and Saudi money = hold until news for sure.

Is it time to go all in on GME? Just give us the signal when it's time.

By all means risk it all on red

Eh haven't been super disciplined but grinding it out. Ate like **** last week.

I wish I had access to a Bloomberg terminal right now