EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 434
  • Posts: 25333
November 30th, 2010 at 4:05:23 PM permalink
Quote: Wizard

To play the devil's advocate (ahem), I think Grosjean would say that he doesn't want too many people with their hands on what he has to say, lest the advantage plays be ruined. His first edition was more moderately priced, I think at about $75, but had a very limited printing. I was lucky to buy one before they sold out. After they sold out, and before the second edition, the first edition was going for around $500 each on EBay. That probably also had something to do about where he set his price point.



Was it worth $75, in your opinion?
"It's not enough to succeed, your friends must fail." Gore Vidal
thecesspit
thecesspit
Joined: Apr 19, 2010
  • Threads: 53
  • Posts: 5936
November 30th, 2010 at 4:11:44 PM permalink
Quote: EvenBob

I meant no current book is worth that much. Obviously there are antique books worth thousands. If somebody wants $250, he plans on selling very few, doesn't have much to say, and is looking for a few suckers.



Some very technical books sell for $250, because there is a very limited market for those books, the author has a lot to say to those people, and they want that information to perform their jobs/further their studies etc (for example :: http://www.amazon.com/Encyclopedia-Parallel-Computing-David-Padua/dp/0387097651/ref=sr_1_1?s=books&ie=UTF8&qid=1291161738&sr=1-1). Libraries will mainly be the target for such books. Most of the technical/academic text books though ran to the $100-$150 mark when I was reading them regularly. In the library, I hasten to add.

It's that or a very artistic book full of big full colour prints (I think there's been a few sports journalism books that have sold for $1000 with bunches of prints, signatures and the like). I can't find the refs, but I think there's been a coffee table history of Manchester United, the Dallas Cowboys and the NY Yankees that have sold for that sort of figure, new.

Whether any of them are worth their binder price, I leave as an exercise to the reader.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1427
  • Posts: 24464
November 30th, 2010 at 4:50:38 PM permalink
Quote: EvenBob

Was it worth $75, in your opinion?



$75 was a fair price. You have to judge the purchase on a case by case basis. For the very vast majority, his level will be way too advanced, and the book as useless as a Hong Kong phone book to an earthquake survivor in Haiti. However, for the most serious APs, especially hole carders, it might be worth thousands. I'm in an unusual situation, so you shouldn't go by my utility.
It's not whether you win or lose; it's whether or not you had a good bet.
EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 434
  • Posts: 25333
November 30th, 2010 at 5:11:27 PM permalink
Quote: thecesspit

Some very technical books sell for $250, because there is a very limited market for those books, the author has a lot to say to those people, and they want that information to perform their jobs/further their studies etc (for example :: http://www.amazon.com/Encyclopedia-Parallel-Computing-David-Padua/dp/0387097651/ref=sr_1_1?s=books&ie=UTF8&qid=1291161738&sr=1-1). Libraries will mainly be the target for such books. Most of the technical/academic text books though ran to the $100-$150 mark when I was reading them regularly. In the library, I hasten to add.

It's that or a very artistic book full of big full colour prints (I think there's been a few sports journalism books that have sold for $1000 with bunches of prints, signatures and the like). I can't find the refs, but I think there's been a coffee table history of Manchester United, the Dallas Cowboys and the NY Yankees that have sold for that sort of figure, new.

Whether any of them are worth their binder price, I leave as an exercise to the reader.



There's a sucker born every minute. I would pay for scarcity and future value, nothing else.
"It's not enough to succeed, your friends must fail." Gore Vidal
thecesspit
thecesspit
Joined: Apr 19, 2010
  • Threads: 53
  • Posts: 5936
November 30th, 2010 at 5:28:38 PM permalink
That's my point... both are scarce, one by the number of people willing to buy the book, the other by the number the seller wants to sell.

I value the books by their contents and the value of the knowledge they'll give me.

The people buying the former types of books (or the libraries doing so) are not suckers, in my opinion. For example, a couple of Springer-Verlag Lecture Note series books, they were easily worth the $120 cover price -to me- (actually, they were probably that in pounds Sterling). Luckily, I didn't have to pay for them, but I'd probably not be doing what I am doing now if I had learnt some of the stuff in there. A quick search reveals that some of them are now online and available for free... not a luxury I had 12 years back. Ho-hum.

The people buying the latter... maybe suckers, and may also think there's future value. I'm certainly not paying a grand for a shiny book on any subject.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 434
  • Posts: 25333
November 30th, 2010 at 6:14:37 PM permalink
Quote: thecesspit



I value the books by their contents and the value of the knowledge they'll give me.



If a book costs more than other current books are going for, I won't buy it. I was into buying and selling rare books in the mid 90's and learned to stay away from any book thats sold as a collectible. Their value almost always plummets as time goes on. I bought 250 leather bound Easton Press books at an auction once, and sold them individually on Ebay in the late 90's and tripled my money. Those same books are now selling for half what I paid for them. I just happened to be in the right place where buyers thought they would go up in value.
"It's not enough to succeed, your friends must fail." Gore Vidal
DeMango
DeMango
Joined: Feb 2, 2010
  • Threads: 36
  • Posts: 2958
November 30th, 2010 at 6:40:42 PM permalink
If this book was the only one on several subjects, and it can lead to money way above it's price then it is worth it. It is, it is, therefore it is. So Bob is gonna argue he doesn't see the need for the technical expertise. Over 650 pages, no fluff.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 434
  • Posts: 25333
November 30th, 2010 at 6:49:20 PM permalink
Quote: DeMango

If this book was the only one on several subjects, and it can lead to money way above it's price then it is worth it. It is, it is, therefore it is. So Bob is gonna argue he doesn't see the need for the technical expertise. Over 650 pages, no fluff.



Its like that casino security book by Steve Forte a couple years ago, it was what, $200? Everything in that book is now somewhere on the net, save your money. Now, there's 'Gambling 102' by Michael Shackleford for $14.95, its a reasonably priced book with a wealth of info that I'd gladly buy.
"It's not enough to succeed, your friends must fail." Gore Vidal
DeMango
DeMango
Joined: Feb 2, 2010
  • Threads: 36
  • Posts: 2958
November 30th, 2010 at 9:00:04 PM permalink
Really Bob? Does The Wizard tell you how to make money?? No, so your $14.95 is good money after bad? Okay so maybe you go to the casino and lose less, you bet the better bet. It's apples and oranges, it's flown over your head.
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
EvenBob
EvenBob
Joined: Jul 18, 2010
  • Threads: 434
  • Posts: 25333
November 30th, 2010 at 9:09:17 PM permalink
Quote: DeMango

Really Bob? Does The Wizard tell you how to make money?? No, so your $14.95 is good money after bad? Okay so maybe you go to the casino and lose less, you bet the better bet. It's apples and oranges, it's flown over your head.



If Grosjean really knew how to make money, he'd be in the casino making it instead of telling people how to do it in a book. And don't tell me he's too well known. The disguises they have now can fool a players own mother.
"It's not enough to succeed, your friends must fail." Gore Vidal

  • Jump to: