Gold Capped: Casual auctioneering

Reader Comments (Page 1 of 1)

5-06-2010 @ 2:07AM

Josh said...

It's so interesting how people who are good with the AH would make great businessmen, entrepreneurs, or stock market investors and traders. It just goes to show you how productive a game like WoW can be to it's players--something the 'get a life' crowd should be aware of =p

5-06-2010 @ 6:41AM

CaryEverett said...

^.~

Who me? An Entrepreneur?

It's more likely than you think!

5-06-2010 @ 2:20PM

Basil Berntsen said...

There's a difference, Josh. Real life endeavors usually require a fair bit of real risk. You can't start a business without putting your own money into it. The other reality is that in game, we all have access to the same resources. In the real world, an idea has to be that much better than someone else's if they have contacts you don't.

Stock markets are another matter all together- retail investors start off with a huge disadvantage compared to institutional investors. They get the ability to create positions for free, where we have to pay commissions to a stock broker. Also, institutional investors usually have powerful and sophisticated algorithms they can use to get a leg up, where we're stuck with value investing, and maybe options if we ever build a nest egg large enough to justify the commission cost.

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