Vegas & The Aftermath - Diary

[RED-DOG]

Nature stuff.

http://photography.nationalgeographic.com/photography/photos/best-wallpapers-2011/

Wrong thread.

I'm doing missionary work with the local savages.

Luke 23:34

[neeko]

I thought Mr Keys "auction" was interesting, but I'm still not sure the best way to approach it tactically. I asked one blonde - pro player - for advice, & he did me right, then another blonde "legend" wrote to me, & we sort of worked a few things out together.

But it's clear that James has cleverly led people away from the 'am I getting value' stance, and created a competitive arena, where winning appears more important, than getting a good price.

I paid the "highest" price at this auction, and as you have implied that the buyers were "mugs" (my implication) then i will bore you with my reasoning as to why it was a very good price for me.

Auctions allow a price to be set as a function of supply and demand.

On the supply side JK was lucky in that there are no other pieces for sale so anyone who wants to buy a bit of this event has to buy off him. But he was also very clever and only sold 30% - this limited the supply even further. And limited the time period on a novel proposal to limit the analysis of the correct "price". (although this was a function of the time left in the week more that anything else)

For me i wanted someone to "rail" as I had donated to the update, this increased the price I was prepared to pay. I am not going to play it as I have no chance. Another factor about the price is it also depends on the number of stakes made, if there is an intention to do this over a long time and many stakes then the price matters more, however for one off occasional purchases then the price paid is of less significance.

As to what JK is worth in that field, it is impossible to answer, as the long run equilibrium point will never be reached (as not enough Monte Carlo's will ever take place). However there are some players that would have an ROI of -50% and others at +100%, I think is safe to say JK is in the top end of that range.

Some bidders may not have understood the correct strategy in bidding on this type of auction, but i don't think that everyone fell into that camp.

Given the price paid, I think it was a good deal, it was much less than I was willing to pay and slightly more than JK would have been willing to sell, so win win.

</boredom>
anyway Macroeconomics>microeconomics

[david3103]

Nature stuff.

http://photography.nationalgeographic.com/photography/photos/best-wallpapers-2011/

Wrong thread.

I'm doing missionary work with the local savages.

Luke 23:34

Surely Matthew 7:6?

[AndrewT]

Nature stuff.

http://photography.nationalgeographic.com/photography/photos/best-wallpapers-2011/

Wrong thread.

I'm doing missionary work with the local savages.

Luke 23:34

Surely Matthew 7:6?

Matthew 4: 4 Luke (after extra time, Luke wins 5-3 on penalties)

[RED-DOG]

Nature stuff.

http://photography.nationalgeographic.com/photography/photos/best-wallpapers-2011/

Wrong thread.

I'm doing missionary work with the local savages.

Luke 23:34

Surely Matthew 7:6?

Matthew 4: 4 Luke (after extra time, Luke wins 5-3 on penalties)

It's a moot point guys. 'Pearls before swine' and all that.

[Tonji]

2011 A Year in Focus

http://www.gettyimages.co.uk/editorial/frontdoor/YearInFocus?esource=UK_Year_in_Focus_2011&isource=gbr_home_6plus_main_Yearinfocus

[Tonji]

also the e-book is worth a browse

http://viewer.zmags.com/publication/2c461223#/2c461223/1

[kinboshi]

Nature stuff.

http://photography.nationalgeographic.com/photography/photos/best-wallpapers-2011/

Wrong thread.

I'm doing missionary work with the local savages.

Luke 23:34

Surely Matthew 7:6?

Matthew 4: 4 Luke (after extra time, Luke wins 5-3 on penalties)

Apparently, Jesus was to blame for one of the goals - as he's terrible with crosses...

[gatso]

Given the price paid, I think it was a good deal, it was much less than I was willing to pay and slightly more than JK would have been willing to sell, so win win.

given that you were willing to pay more; any idea what would you have bid and for what percentage if it had been a single sealed bid auction?

[smashedagain]

see i cant get my head round a lot of this stuff... i never see anyone else sell for less than 1.0 so lets assume the average guy asks 1.0 (there are people getting staked that will expect to see a roi once in a blue moon and are not even close to an average player) is the legend that is MR Keys jnr (his dad is the real deal) not at least twice as likely to give a roi over these people. i quite like the idea of selling 50% at 2.0 or 33% at 3.0

[Boba Fett]

see i cant get my head round a lot of this stuff... i never see anyone else sell for less than 1.0 so lets assume the average guy asks 1.0 (there are people getting staked that will expect to see a roi once in a blue moon and are not even close to an average player) is the legend that is MR Keys jnr (his dad is the real deal) not at least twice as likely to give a roi over these people. i quite like the idea of selling 50% at 2.0 or 33% at 3.0

Gl with that

[jakally]

I paid the "highest" price at this auction, and as you have implied that the buyers were "mugs" (my implication) then i will bore you with my reasoning as to why it was a very good price for me.

I certainly didn't mean to be critical of anyone who bidded in the auction.
I was merely suggesting that the approach had encouraged potential stakers to be less price sensitive ( in your post you admit that price wasn't your main concern).

As to whether you are getting good value in the deal, well I have really no idea.
What I do know is that James is top notch, and if there are a group of players worth 1.5+ then he is in that group.

[77dave]

.

[tikay]

Been a bit pre-occupied the last few days, having moved into my new place, (stress ftw), so just been popping on & off to see how my bits & pieces are doing @ DTD. Still got 3 of my original 4 pieces of action left, good luck all of them, & grand to see Tom grinding it out as only he can.

They say he's a super-nit, but don't you believe it. In a Super-Sat recently - recently-ish - @ Walsall, he called a shove from me (King-Nit himself) with A-5. Ridiculous.

I felt for G2L yesterday, he seemed to be cruising, then a nightmare session, & that was that. He was a tad miffed, I think, but I really think he's come on a bomb in the last 1 months, & I'd back him every chance I could.

Thank you very much for all the replies, comments, & photos, I'll try & work through them as soon as I can, but I have a Show tonight, so might not be today.

I also need to get up to speed on the Advent Thread - what a wonderfully eclectic range Tighty has come up with, not been a dud yet.

Oh, & to all the guys in tonight's biggie on 'Stars, good luck - especially the lads who I have a bit of interest in. You never know.......

[tikay]

To Jason, & the other chaps, who commented/debated on the staking rates, here's an interview with James Keys & Rupert Elder in which they discuss the logic. Start at about 1.20 in, the first part is a bit cheesy. Me, not them, obv.

http://www.youtube.com/watch?v=PKvvfKtmyI8&feature=results_main&playnext=1&list=PL6254F99F80C7BAB0