https://www.bloomberg.com/news/articles/2022-07-29/the-crypt…
The collapse in cryptocurrencies is easing supply of the most sought after watches on the second-hand market, depressing prices for hard-to get-Patek Philippe and Rolex models.
The supply of trophy watches such as the Rolex Daytona or Patek Nautilus 5711A “is now much larger,” online-watch trading platform Chrono24 said in an emailed statement.
Some would call it timing the market.
Others just call it looking for opportunities.
Others shun opportunities for sure and steady.
If Elon Musk had waited a matter of a couple of months his losses would not have been nearly as bad. Going forward Musk’s purchase through Tesla would have gone back into the black and then some, said with confidence. Not like a nautical engineer. LOL
The point being even people who are buy and hold are not selling as the market goes much lower. Most of them anyway.
The bigger point for Musk is the older money mega wealthy families do not trade their major holdings for decades at at time. It is intergenerational wealth. Besides in game theory there is usually no where to really go with that sort of money. WEB has been one of a handful exceptions that can find ways to invest as a conglomerate. (Mike I looked up conglomerate :b)
The supply of trophy watches such as the Rolex Daytona or Patek Nautilus 5711A “is now much larger,” online-watch trading platform Chrono24 said in an emailed statement.
Totally weird to me. The latest batch of ‘SMART’ Watches that is synchronized with my Android phone to keep perfect time and even track a whole lot of health and fitness stats sells for C$46.99 on Amazon.ca. To get the time I just raise my wrist and it pops up on the screen. It also does Music & Camera Control. The steps counter is nonsense but that’s not what I wanted anyway. Is Blood Oxygen level useful? Oh well, they are fun to play with anyway.
As an old aircrew guy I was always obsessed with accurate time.
Wife and I bought each other one. }};-D
https://www.amazon.ca/s?k=smart+watches&i=electronics&am…
Tim
WEB has been one of a handful exceptions that can find ways to invest as a conglomerate. (Mike I looked up conglomerate
So you didn’t monkey around with the idea of a konglomerate?
That is how you spell a really big conglomerate. 
Mike
Konglomerate owns the Empire State Building.
(Mike I looked up conglomerate :b)
So did I.
To save the rest of y’all the trip:
Conglomerate
A conglomerate is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational.
https://www.bing.com/search?q=conglomerate&go=Search&…