You could see it the opposite way - that the whole box is "high regret avoided" in a world where you perhaps never get a chance to own that stuff in the future... The green button ain't for everyone... and I ain't a baller like you 😂
Wonderful post. It has me thinking about the watches purchased vs capital allocation to other areas. At times I have preferred to have the watch and not the investment opportunity. The watch simply meant more than an ROI. This makes me also reflect on Housel’s writings and your write up on his book “The Psychology of Money”. I heard Housel speak about paying off his house. He’s said anyway you slice it, it was a bad financial decision, it doesnt pencil, but paying off his house was the best money decision he and his wife ever made. That stuck with me. The difference in money decisions and financial. I Have reflected on this difference and your post on utility. They seem to communicate a similar sentiment. Sometimes the watch I wanted is worth the decrease in cash. Other times it’s not. Well written article
Your point at the very end is key - in the end its actually not about the watch, its about you and what you value. If you dont know that but instead spend all your energy trying to learn about watches the only thing you can be sure of is that you'll have someone elses great watch collection.
TBH struggled with the equations 🤯😳😣….but point well made and great summary. Very appropriate as well BTW for where I’m at (I think 🤔) in my collecting at the moment being at some type of crossroads
Very enjoyable read. My whole fucking box is “high regret potential” - I’m totally fvcked. 😂
That said, press the green button dumbass.
You could see it the opposite way - that the whole box is "high regret avoided" in a world where you perhaps never get a chance to own that stuff in the future... The green button ain't for everyone... and I ain't a baller like you 😂
Very apt alternative perspective. 🙏🏽
Still tho - push the damn green button. It’s a 50X EPV!!!!
You sound like Wayne Gretzky: "You miss 100 percent of the shots you don’t take"
Wonderful post. It has me thinking about the watches purchased vs capital allocation to other areas. At times I have preferred to have the watch and not the investment opportunity. The watch simply meant more than an ROI. This makes me also reflect on Housel’s writings and your write up on his book “The Psychology of Money”. I heard Housel speak about paying off his house. He’s said anyway you slice it, it was a bad financial decision, it doesnt pencil, but paying off his house was the best money decision he and his wife ever made. That stuck with me. The difference in money decisions and financial. I Have reflected on this difference and your post on utility. They seem to communicate a similar sentiment. Sometimes the watch I wanted is worth the decrease in cash. Other times it’s not. Well written article
Succinct as ever; perhaps I should stick to notes, not these verbose posts with simple points 🤣
Good start of the week for me 🤓 great article!
You’re causing me a lot of self reflection :)
Hopefully in a good way!
Your point at the very end is key - in the end its actually not about the watch, its about you and what you value. If you dont know that but instead spend all your energy trying to learn about watches the only thing you can be sure of is that you'll have someone elses great watch collection.
Well said Pete, thanks. I saw all the other comments, and will respond in due course!
TBH struggled with the equations 🤯😳😣….but point well made and great summary. Very appropriate as well BTW for where I’m at (I think 🤔) in my collecting at the moment being at some type of crossroads
Cheers 🥂
Equations … perhaps unnecessary for the article, but the part of me which likes numbers couldn't allow them to be removed!
Was more thinking on my watch collecting life of constantly needing to measure up utility vs. regret potential..
I see this as 'thoughtful and healthy' when you look at the alternatives... herd-buying, hype-chasing, poorly advised by uninformed friends...
Ugggh! Story of my life last 15 or so years.. what a great piece!
Thanks Vinay - which part do you refer to when you say... the story of your life? Levelling up the wealth rankings, right ;) !
Fabulous article Faheem. knocked it out of the park!!!
Farhad! Thanks for taking the time, appreciate the note 👊