Reading this, it explains clearly why some who invest speculate on new extensions are so passionate about their investments speculations.
In a commentary on Chapter 1 in “The Intelligent Investor” by Benjamin Graham, it reads:
This reminds me of our approach when we started the domain game, not to be based on selling our domains. It was a sound decision to stick with traffic instead of sales, not traffic that may be there later, but traffic that was there at time of purchase for the most part. Today, the traffic game is a little harder so one needs to adjust. Where is the best place to put your bets? While there may be few, what we do know, reading both Graham’s and Carnegie’s thoughts over the years, unless you are the house (the registrar), it is not in new domain extensions.
Great points by Ben Graham. Thank you fo sharing it Sahar and equating it to the domain business strategies.
There’s something about the stock market that bothers me. People buy stocks based on the market but don’t consider the company those stocks actually represent. Sorta like buying a domain without considering what could or should be done with it. I understand the reasoning but it doesn’t fit what I’m doing.
I have a friend who buys a lot of vehicles, owns several businesses and a very nice home. Watching him he buys what he wants, he’ll sell it for a profit if the money is right but he isn’t speculating. He invests!
My portfolio isn’t great but I see something there with my business model that makes sense to me. Some of the individual domains and lots are for sale but there’s plans to develop them and hold. The price is more what it would take to get me to part with them than what I want for them.
I guess this is what you’re talking about. I’m not anxious to sell. I like my domains. I want to keep them. I’ll sell some to build the rest into something better.