The stock market is full of shit and is gamed at 60/40 the people at the lower end.
They are playas too!
Jay Leno owns many garages full of classic cars. With the cars and his late night gig he is worth $353 million.
Jay Leno said he has never once invested in Wall Street. He said that is a game. He said that he invested his money in classic cars, they never lose their value.
I think it's a decent investment, but I also think the market is heavily inflated by boomer nostalgia and they are dying off. I'm gen-x, and while I share a lot of their enthusiasm, I don't have the nostalgia factor. Hard to believe future generations will care much for most of the vehicles from the 50s/60s/70s once that generation fades and mine doesn't have the cash to carry the market at current prices.
Jay's definitely discerning and diversified. Some of his cars will always be valuable. But the stuff that will be valuable in the future is also megabucks now.
I predict a bit of a crash in the market over the next few years. Things have gotten so inflated that I got out of the hobby because I couldn't afford to pay Duesenberg prices for Ford parts anymore just because they're old. Jay will probably be gone by then though.
The stock market is full of shit and is gamed at 60/40 the people at the lower end.
They are playas too!
Jay Leno owns many garages full of classic cars. With the cars and his late night gig he is worth $353 million.
Jay Leno said he has never once invested in Wall Street. He said that is a game. He said that he invested his money in classic cars, they never lose their value.
That is true of many varieties of collectible items.
I'm still waiting for my beanie babies and pogs to shoot up like bitcoin... any day now.
I'm a fan of Leno and of classic cars.
I think it's a decent investment, but I also think the market is heavily inflated by boomer nostalgia and they are dying off. I'm gen-x, and while I share a lot of their enthusiasm, I don't have the nostalgia factor. Hard to believe future generations will care much for most of the vehicles from the 50s/60s/70s once that generation fades and mine doesn't have the cash to carry the market at current prices.
Jay's definitely discerning and diversified. Some of his cars will always be valuable. But the stuff that will be valuable in the future is also megabucks now.
I predict a bit of a crash in the market over the next few years. Things have gotten so inflated that I got out of the hobby because I couldn't afford to pay Duesenberg prices for Ford parts anymore just because they're old. Jay will probably be gone by then though.