What's funny, economically, about this guy is that his investment in floppy disks made roughly a 10x return!
"Another thing is that I don’t know what my inventories are worth. I know that ten years ago I bought floppy disks for eight to 12 cents apiece. If I was buying a container of a million disks, I could probably get them for eight cents, but what are they worth today? In the last ten years they’ve gone from ten cents to one dollar apiece, and now you can sell a 720KB double density disks for two dollars."
Reminds me of when I was at a thrift store and these used paperbacks were being sold used for triple the cover price that they sold for new in the 1950s.
The books are probably just inflation. People think a dollar per book is cheap, now. But cover prices in the fifties for paperbacks look to be 25 to 50 cents. (Source: A quick google).
Books with actual increases in value won't be at a thrift store, typically.
"Another thing is that I don’t know what my inventories are worth. I know that ten years ago I bought floppy disks for eight to 12 cents apiece. If I was buying a container of a million disks, I could probably get them for eight cents, but what are they worth today? In the last ten years they’ve gone from ten cents to one dollar apiece, and now you can sell a 720KB double density disks for two dollars."
Reminds me of when I was at a thrift store and these used paperbacks were being sold used for triple the cover price that they sold for new in the 1950s.