I attended a conference this week and met a young fellow who, I went on to discover, was worth over £100m. He told me the insane story of how he got this wealth, and thought I would share it with you.
The winner’s curse is not a new concept, and it came up recently in an online newsletter, and got me thinking about how it applies to watches. As always, I look forward to your feedback on the topic.
Authorised dealers can sometimes act like you owe them something more than the retail price of a watch, simply for being allocated the watch. I figured we could talk about this in more detail, and consider how the reciprocation bias comes into play.
Nearly everyone believes they would be better off spending less time on social media, and yet, they don’t actually follow through with that goal. The inescapable fear of missing out, the desire to know what is happening, seems to reel us back in. So, what is happening, watchfam?
I watched two seemingly unrelated TED talks, but I thought they were interestingly connected; One tackles how to get rid of things you already have, and the other offers advice around minimising the acquisition of new things. As watch collectors, this seems to summarise a conundrum we face daily!
A few days ago I was reading this post about how our preconceived notions might hinder our decision-making… I thought it was so applicable watches, and wanted to share it here with a few comments.