tag:blogger.com,1999:blog-1752771132348583018.post2412935944491423440..comments2024-03-28T17:24:45.146-05:00Comments on Managerial Econ: Burned by the Beanie Baby BubbleLuke Froebhttp://www.blogger.com/profile/06832270922187297624noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1752771132348583018.post-63493316639261818222015-03-29T22:57:37.075-05:002015-03-29T22:57:37.075-05:00Interesting. Most entrepreneurs understand that t...Interesting. Most entrepreneurs understand that they must sell when the market is hot. Holding onto items in hopes of higher profits is for gamblers. While we may love these items and feel they will become classics - the fact is the market is always best right now. He could have continued to sell and save at the same time. However, selling while the market was hot would have also decreased his inventory costs. He may not have realized that he was attached to his inventory. <br /><br />Most hollywood starts, professional athletes, and fashion models understand that their careers have a short shelf life. So they sell themselves as much as possible NOW because there may not be a later.Anonymoushttps://www.blogger.com/profile/13499183404861559575noreply@blogger.com