Category Archives: Corbin Hosler

Editor’s Note: Announcing exclusive content for ProTraders!

Hello!

If you’re reading this, I’m sure you’ve noticed that we’ve been quite busy around here.

Put simply, it’s an exciting time for MTGPrice. We’ve been working hard to increase our content offerings for you. I’m sure you’ve noticed we’ve been running more great content from the best authors in the business (If you haven’t, I suggest you take some time to look over the work our authors have created, it’s truly top-of-the-line). We’re working hard to make sure we’re ahead of the finance game and get that information to you as quickly as possible. We’ve got big plans for more content and features to come, and if you stick with us you’ll see the fruit of those labors over the coming months.

With that in mind, I have an exciting announcement for our ProTrader subscribers. We have an all-star staff of writers here, most of whom have many years of experience in the business and have seen it all when it comes to the financial side of the game. Beginning this week, we are making some of that content available exclusively to our ProTrader subscribers. Whether you’re a longtime member or just giving us a try as part of the Kickstarter, we’re excited to offer this to you.

Our lineup of ProTrader-exclusive articles comes from the most respected names in the business, a group of experienced traders and dealers who have time and again proven why they’re the best there is to offer.

Moving forward, this is the content that will be available exclusively to ProTraders.

Monday: Sigmund Ausfresser

Tuesday: Danny Brown

Wednesday: Jason Alt and Travis Allen

Thursday: Corbin Hosler and Guo Heng Chin

Friday: Ross Lennon

Saturday: Guo Heng Chin and James Chillcot

 

That’s six full days of the best Magic finance writing on the planet. In addition to that lineup, ProTraders have access to the buzzing MTGPrice forums (for all your truly up-to-the-second financial needs), early access to the industry-leading Brainstorm Brewery podcast, advanced tools for tracking your collection’s value over time, and access to raw inventory data from individual stores to track just how much a particular card is moving.

That’s a lot of value for your $4.99 monthly subscription, and if this sounds interesting to you, I hope you consider becoming a ProTrader today.

But if that’s not for you, fear not; MTGPrice will always have some free content as well. Our authors writing for the free side are quite capable, and I’m sure you’ll enjoy reading these guys every week.

Monday: Jared Yost and James Chillcot

Tuesday: Guo Heng Chin

Wednesday: Derek Madlem

Thursday: Douglas Johnson

Friday: Cliff Daigle and Houston Whitehead

 

Magic has made some huge leaps over the past few years, and it’s truly an exciting time to be around the game. We’re going to continue to work hard here at MTGPrice to make sure you’re able to keep up, and we like to think it’s an exciting time around here as well. Spend some time around our site, and I think you’ll agree.

 

– Corbin Hosler

Supply, Demand, and Dragons

By: Corbin Hosler

The following is a common conversation you hear, sometimes even from me, in regards to Abrupt Decay:

“This card is so good. It’s the next major eternal player, and you’re finding it all over. It even pops up in Tiny Leaders! You’re crazy to not hoard these.”

And it’s true. The do-it-all rare from Return to Ravnica forms the backbone of many a Modern and Legacy deck. It’s an all-star and hasn’t been reprinted yet, and it has no obvious reprinting on the horizon. People hoard like mad because they expect it to be the next Snapcaster Mage (or whatever other staple you prefer) in terms of growth, moving well past $20.

Abrupt Decay is $12 according to TCGplayer mid and MTGPrice’s Fair Trade Price algorithm. You know what else is $12 today? Thunderbreak Regent. Both rares from large sets; both sitting at the same price point. One is an eternal powerhouse and one is a powerful Standard card and sure-to-be a casual favorite for years to come, but there’s also a (sweet) promo printing of this one, as well.

thunderbreakregent

What can we learn from this?

One of These Things Is Not Like the Other

If you had a copy of the dragon, would you trade it straight across for an Abrupt Decay? I sure would. After all, Thunderbreak Regent may be a good long-term hold, but it’s going to get much cheaper before it gets more expensive. Decay, on the other hand, has been a staple at its current price for a while, and the overall growth trend has been nothing but up over the last year.

This tells me one of two things: either Decays are massively underpriced right now or Thunderbreak is overpriced. While there’s some argument for both sides, I’m going to go with the latter.

Standard is a great driver of prices, but in Magic finance, we’re concerned not as much with what offers us the best chance to win in Standard right now, but what offers us the most upside financially. And as I look over Dragons of Tarkir, it’s hard to find many cards that fit that bill.

The reason? That topic you always hear bandied about but rarely examined in action in Magic: supply and demand.

Back to School

I don’t have a business degree (though I did get a few years into the program before ultimately being forced to choose between business and writing when I learned I would be unable to complete both). I’ll assume most of you don’t have a business degree, either.

1dondraper

Luckily, what we’re talking about today is taught in Econ 101 classes across the world, though it’s often ignored when it comes to MTG finance.

According to Wikipedia, there are four basic tenets of supply and demand:

  1. If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.
  2. If demand decreases and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price.
  3. If demand remains unchanged and supply increases, a surplus occurs, leading to a lower equilibrium price.
  4. If demand remains unchanged and supply decreases, a shortage occurs, leading to a higher equilibrium price.

Supply and demand is what is truly at the heart of the price of every card in Magic. It’s why Liliana of the Veil is now pushing $100 and a former all-star like Terravore is riding an extreme sled downhill financially.

goblinrocksled

So now that we are internet experts in supply and demand, let’s apply these principles to the two cards we’re comparing today.

First up, Abrupt Decay. Demand is fairly constant at this point, and so is supply. We haven’t had a huge push for Modern since Decay rose to its current price almost a year ago. People who play the decks it goes in mostly already play them, and everyone else is being held back not by Decays, but by stuff like Tarmogoyf. That creates a ceiling on demand for the time being.

Now let’s look at the Regent. Demand is huge right now. The card is great in Standard, and there’s dragon EDH and kitchen-table dragons and all other manner of dragon tribal to give this thing some love.

But the discrepancy comes on the supply side. Here, we see a card that is still being drafted and will be for another month or so. Magic Online redemption will also be impacting Dragons prices soon. Both of these things will continue to increase supply for the next month or two before reaching a point like Abrupt Decay, where supply becomes more or less constant.

Broken down like this, it’s clear that we have a case of the third tenet of supply and demand above, where demand will remain unchanged and supply will increase. And because Wikipedia never lies, I guess we have to believe that a surplus will occur and a lower equilibrium price will be reached.

I’ve said it before, and I’ll say it again: the cards don’t matter. It could be the dawn of Magic or the next Pro Tour, but what the card reads doesn’t matter at all. The only thing that matters in regards to price is supply and demand, and that’s one of the most important Magic finance lessons you can learn.

This isn’t rocket science to anyone following the financial side of Magic. But it is worth articulating as we move into what is going to be a very busy few months for Magic. Modern Masters 2015 is just over the horizon, and Origins waits beyond that. If we want to talk about Dragons, we’re quickly running out of time.

There’s another important tenet of supply and demand when it comes to Magic: peak supply. It’s that point where there will realistically not be much more of a particular set opened, but it’s still new enough that copies are abundant. Khans of Theros is at peak supply right now; Fate Reforged and Dragons of Tarkir are soon to follow.

But we’re not there yet. And that means all those juicy spec targets in Dragons of Tarkir are not yet ripe for the picking. Some of them, like Thunderbreak Regent, are a long way from it. Haven of the Spirit Dragon is another card I’m super excited about in the long-term, but the price is way too high right now.

Typically, hitting peak supply is enough to push these cards down low enough to pick up for the long-term, and that’s a strategy that’s worked very well in the past. But I think this is a unique circumstance where that may not actually be the case.

The Factors

  • Because of Modern Masters 2015, Dragons will be quickly forgotten and unloved, meaning many fewer packs opened than we might otherwise expect.
  • Many of the long-term “casual” targets are actually seeing play in Standard. That means peak supply may not actually represent the lowest price.
  • Because of these two factors, we may not see Dragons of Tarkir cards bottom out as hard as their counterparts from Khans of Tarkir.

So what does this mean for the two cards we introduced in the opener? Modern Masters 2015 is going to push more ‘Goyfs into the hands of players and drive up interest in Modern overall, and I expect Abrupt Decay will be seeing upward growth this summer.

Thunderbreak Regent, which will stay relatively high compared to other Standard cards, is on a completely different trajectory than Abrupt Decay right now. And that goes for basically everything in Dragons of Tarkir. Have some sweet Dragonlords? Trade them away while you can. With peak supply not here yet, they’re going to be cheaper before they’re more expensive.

I hope I’ve illustrated why I believe moving out of Dragons cards is a good idea right now, no matter how much they’re tearing up tournaments. But I do want to talk about the long-term outlook of the set before I go.

Looking Ahead

Remember when the set came out and everyone was jokingly calling it “Dragons Maze of Tarkir”? Okay, maybe that was just me applying (what I considered) a witty name to a set that many were underwhelmed by. The expected value of a box before the release was a pitiful $80 or $90, and people were panning the set.

Yeah, they were wrong. The EV is up to $130 and the set has been a hit in Standard.

hitrun

Frankly, I never cared about what it did in Standard. For me, this set is all about the long-term.

I’m not seeing anything like Liliana or Snapcaster Mage—cards that will define eternal formats—in the set, but I am seeing something similar to Rise of the Eldrazi. That is, a set filled to the brim with casual and Commander goodies. The Dragonlords are the best examples, but Thunderbreak is great, as is Haven of the Spirit Dragon and Sidisi, Undead Vizier and even something innocuous like Dragon Tempest (remember that Crucible of Fire was a $5 card before the reprinting).

And I was excited when everything was cheap. All these cards I loved as long-term specs were going to be pennies and we could all load up! Alas, it hasn’t worked out that way, and that means I’ve had to adjust my outlook accordingly.

While I believe it’s correct right now to get out of Dragons of Tarkir cards, I plan to keep a close eye on when that changes. If rotation comes along in a few months and everyone is so enthralled with Modern or Battle for Zendikar that they’re happy to move suddenly cheap Dragons cards, I will be happily snapping them up. With this set lasting through two rotations, that won’t be a shock to see happen at some point.

But even if that doesn’t happen and prices stay high, as they well could, I’m willing to be patient. This set will be a gold mine in three to five years. I know not many people look that far ahead, and certainly not many writers make that a basis of their writing, but the long term has always been my preferred outlook. If we have to wait for final rotation to lower the prices on these cards, I’m willing to wait. But rest assured, when the time comes, I’ll be picking these up in force, because dragons are second only to angels in casual appeal.

sexappeal

Of course, we have plenty of time to see these things come to pass. But they will, so file this one in the back of your mind and be ready to pull it out again here in six months or a year.

In the meantime, prepare yourself for the upcoming Modern Masters 2015 spoilers we’ll soon be receiving. It’s going to be a wild ride.

 

Thanks for reading,

Corbin Hosler

@Chosler88 on Twitter

Quitting

For me, it’s my Merfolk.

That’s the one thing I’ll never sell, unless it becomes a matter of absolute necessity for my family.

I’ve loved my Merfolk deck ever since I borrowed one to play in my first-ever Legacy tournament at a SCG Open and ended up splitting the finals of the event. From there I decided to build it myself, and these days I sling foil Fish in Modern every chance I get. Sometimes, I even do well enough to have a tournament report to write.

I’ll sell my dual lands. I’ll sell my binders, my bulk, my box of full-art lands, my Bazaar of Baghdad. Hell, if it came to it, I’d even sell my Mishra’s Toy Workshops that I received as a gift. It can all go—everything I treasure in a binder or a box in my office.

mishrastoyworkshop

But I’ll never sell my Merfolk.

The reason? Because there’s plenty of wrong ways to do it but only a few right ways.

To quit.

If you’re reading this, consider yourself one of the lucky ones. You’ve never felt what it’s like to have to give up the game you love—to watch someone else coldly take what you worked years to build and carelessly dump it into a box. You’ve never given up a piece of yourself for reasons beyond your control.

Or maybe you have.

I’ve seen people quit this game for all number of reasons. They can’t afford it. They don’t have as many friends who play. They need the money. They ragequit after the latest tournament. But by far the most common reason is that they don’t have the time, something that encompasses many reasons. Sometimes it’s work; sometimes it’s a new baby or other family issues.

I’ve been there myself. When I graduated from college, I began to work as a sportswriter, and that meant lots of Friday-night games and weekend tournaments. Save for a few weeks in the summer, FNM was suddenly not a part of my life anymore.

And that sucked, there’s no way around it. I’m nearing a point in my life where career opportunities will allow me to work a schedule more amenable to Magic, and I’m looking forward to getting back in the game. But after college, I took the job I could get, and while I do enjoy it, being so disconnected from Magic still came as a huge shock.

But I didn’t quit.

Instead, my experience with quitting comes on the other side: the backend of a dealer booth. I’m the guy sorting your beloved cards into piles of money, though I try my best to not be cold while I’m doing it. Because I buy and sell cards out of an LGS, I have a large number of what you would call “walk-ins.” That is, people who have Magic cards to sell but aren’t store regulars. They probably Googled “sell Magic cards” and ended up with me.

I hear a lot of stories this way. People sell me cards for any number of reasons, and that’s fine. I always strike up a friendly conversation as I’m sorting through cards: Why are you getting out of the game? Why are you selling all your cards? It is both a curse and a blessing that Magic cards are valuable. The same thing that makes it tough to break into the game makes it easy to get out—there’s always someone willing to pay you for your cards. But the more people I’ve worked with, the more I’ve seen this same story come and go.

“Well, I played Magic ten years ago, and I sold everything when I quit eight years ago. I can’t believe how expensive it’s gotten since then! Anyway, I got back into over the last year but it’s not going to work for [INSERT REASON HERE], so I’m selling my stuff again.”

This is a common story: a player who quit and came back later, only to quit again. I’ve heard a lot of stories from players as they quit, and I’ve heard a lot of stories from players who have come back. If you want to quit, I would advise against you making a clean break, but if that’s what you need to do, here’s some advice.

stopthat

Know What You’re Selling

Turning your cards into money is great. You never know what unexpected expenses are going to come up, and unlike a lot of hobbies, Magic is very easy to convert back into cash when you need it, whether that’s for an emergency or simply a gift. I was able to sell enough cards to buy an engagement ring for my now-wife, and I’m proud of the fact that I did it with Magic cards.

But remember this: sometimes selling everything isn’t the best option. Sell your Standard cards. Sell your Modern cards. Sell your casual cards. Sell your bulk. Maybe even move your nonland Legacy staples if you have them and you don’t think you’re coming back to the game. Because even if you do, that fancy finisher you have now may be outclassed by something by the time you get back, and that card is now worth less than it was when you quit.

But don’t sell your dual lands unless you have to. If you’re lucky enough to have any of the Power Nine, don’t sell them. These cards have only gone one direction since Magic was created, and while past performance is no guarantee of future returns, it’s also completely plausible that these cards will continue to climb. It’s a really crappy feeling for those of you who have come back in the last five years only to see the dual lands you sold a decade ago for gas money are often exceeding $200 now. Even if you’re out of the game, stashing these away in the back of your closet is simply a prudent financial move.

Take the Time to Do It Right

I see people decide to quit, and they take their stuff, unsorted, to Star City Games or even their local LGS to get rid of it all at once. I’ve found so many expensives rares in boxes of what I was told was common and uncommon bulk. If you take the time to go through your cards one last time and set these aside, you’ll be able to get real buylist values on these rather than losing them in the junk.

It’s really easy to dump your cards onto one dealer’s table and simply be rid of them all, but it’s almost always worth your time to break it down to a few different buyers or to sell your big-ticket items to another player, whether in person or through eBay.

One more thing—the most important thing—don’t sell your Merfolk.

merfolkofthedepths

Don’t Sell Your Merfolk

As I explained, there’s not much that could happen to make me sell my Merfolk. The day might come I have to sell all of my Magic cards. Despite our best plans, life has a funny way of happening, and I don’t know what might come up down the road.

But I’ll never sell my Merfolk.

This is the single best piece of advice I have. I literally cannot count the times I’ve talked to someone who’s recently come back into the game and has nothing. They have such fond memories of their favorite deck “from back in the day,” even though it’s probably terrible by today’s standards. But it’s precisely those memories that brought them back to Magic in the first place, and no matter what they may go on to build or accomplish in their second (or third or more) stint, it won’t replace that first love for their own personal Merfolk.

You’ll Be Back

No matter how far you distance yourself from the game, it’s hard to make it disappear completely. You’ll be surfing Facebook or Twitch a few years from now and see it pop up, and you’ll get that familiar twinge.

It’s only a matter of time until you give in. If you’ve played this game for any length of time, it’s impossible to get away forever. Most players know exactly how many times they’ve quit and come back, and they wear it like a badge of honor. That’s fine, but maybe try not to cost yourself some long-term money in the process.

With that in mind, here’s a short list of things you’re going to store away in the closet, even if you have to quit for a time.

Binders

Sure, your binder may be empty now after you unload all your rares from it, but when you come back, you’re going to need one again. Good ones runs upwards of $20 today, and will probably be even more expensive when you come back. I have a ton of extra binders I’ve gotten from people selling me collections, and they just rot away in a box in my home. You might as well let them rot away in a box in yours to save yourself some cash down the road.

Lands

This depends on your level of play in the game, but it’s worth noting. Sure, maybe you want to sell your expensive Standard or even Modern lands, but if you’re a more casual player who isn’t worried about the latest tournament decks, maybe just keep back some of the more simple stuff. Khans of Tarkir trilands, for instance, are commonplace to those of us in tournaments, but absolute gold for a new players trying to build casual or EDH decks. That could be you if you decide to return in a few years.

Deckboxes/Sleeves/Dice

Along the same lines, these are something you’ll eventually need again, even if you have no use for them now. A pack of sleeves may not seem very important when you’re up in the middle of the night with your baby son, but trust me, you’re going to wish you had them when that kid is spilling his drink on your cards when you teach him to play years down the road.

What If I’m Wrong?

I’ve written this article with everything predicated on the belief that you may return to the game someday. If you do, these things can make that transition back in easier.

But maybe that never happens. You leave the game and never look back. You save some of this stuff and it’s lost in your garage for years. Maybe you’ll dig it up and find out that the cards you saved have appreciated nicely in your absence from the game. Or maybe your now-teenaged kid will find it and make fun of you for being such a nerd. Either way, it’s worth it.

Thanks for reading,

Corbin Hosler

@Chosler88 on Twitter

The Myth of Making Money

A few weeks ago, I was lucky enough to have a weekend away from work, and I decided to spend it at SCG Dallas with a few friends. We headed down on Saturday afternoon, and while we had vague plans of playing in the Modern 5k on Sunday, we all knew the trip was mostly just to hang out and have a good time.

And good times were had, no doubt. But that’s not the point of this story. While we did spend some time on the floor, it was mostly to trade. Specifically, I was on a mission: to find the last two foils I needed for my Modern Merfolk deck: a foil Oboro, Palace in the Clouds and a foil Mikokoro, Center of the Sea. They may not look like much, but they’re lands that make blue mana that don’t die to Choke… At least that’s what I thought. As you may have noticed, Mikokoro doesn’t actually make blue mana, and it turns out the card I needed all along was Minamo, School at Water’s Edge. Somehow I got confused and mixed myself up and missed out on a chance to trade for one.

Anyway, I did manage to find an Oboro, and trading was had, with the usual rifling through each other’s binders and making small talk while we did so. My trade partner made a stop on a particular page of my binder, the one filled with a dozen or so Scourge of the Throne.

scourgeofthethrone

“That must be nice to have those, huh?” he prodded, referring of course to the small spike that Scourges went through a month or so ago.

“I guess so,” I replied.

And on paper, it is nice. I bought mine at $7 or so to fill a few orders at the LGS where I sell cards, and I grabbed a handful of extras in anticipation of Dragons of Tarkir. And it worked out great! After all, the card moved from $7 to $14 after I bought them. Must be nice, huh?

Today, those Scourges buylist for around $8. If I were to sell them, I would make about 75 cents a copy after shipping charges.

Not exactly paying the rent with that.

The Conversation That Started It All

“Marianne: So how did it go?

Me: It was okay. I went 3-1 playing, but I made like $30 trading!

Marianne: Great, so are you taking me out to dinner tomorrow night? Or are you going to buy me shiny things?

Me: Well, it’s more like “theoretical money.”

Marianne: So macaroni and cereal again?

Me: (sigh) Yeah, but I really like those!”

That’s what I wrote on December 22, 2010, when I was a dirt-poor sophomore in college just trying to put together some cards to play FNM (writing this makes me feel old). I’ve contributed a few things to the realm of “MTG finance” writing, but I consider the articulation of this concept the most important thing I’ve ever done in the field. Remember that in those halcyon days of 2010, smartphones weren’t a thing, trading was a great way to make value, Marianne and I weren’t yet married, and I loved eating macaroni and cereal (one of those four things still hasn’t changed, and I can report that we’re approaching our third wedding anniversary).

Another thing hasn’t changed. Then, like now, everyone wants to brag about their successful spec. “I just knew this card was going up!” people constantly shouted. Then when you see their binders full of the newly-expensive card (probably some garbage like Consuming Vapors, which was all the rage back then) and showing it off in the store. They would be so proud of themselves for getting in on the hot spec beforehand, and they would revel in all the money they made.

Twelve months later, I’d see that exact same binder when they came to sell to me, their Consuming Vapors now bulk again.

Tell me, did they really make any money?

The Myth of Making Money

Nothing, I repeat, nothing matters until you out a card. Whether that’s to a buylist or eBay for cash, or to another player in a trade, there is a hell of a lot more to making money on Magic cards than simply the price you acquire it for (your “in” price).

Your “out” price (the number you ultimately move it for) is even more vital. The difference between those two numbers (after shipping/fees of course) is the money you made on those cards. That’s it. It doesn’t matter how high or low the price went in the interim. If you didn’t move it when the price was higher, your $8 Consuming Vapors may as well have been $100 for all the good it did you.

It’s a lesson I learned the hard way in 2011, when I decided to speculate on Primeval Titan after the banning of Jace and Stoneforge Mystic in Standard. With the Caw-Blade menace leaving the format, things seemed wide open for the decks abusing Valakut, the Molten Pinnacle to return with force to the forefront. And I was quick to the party, getting my copies before the price predictably rose.

The only problem? I was racing the clock. A known reprint was coming in Magic 2012, and I was late in getting my copies listed and shipped. In the end I lost about $20 despite being “ahead” of the curve when the price spiked.

The Myth of Making Money™ strikes again.

It’s a lesson that people new to the finance scene seem to have to learn the hard way. Travis Allen went through the same experience last year (and made out better than I did), and wrote a great article about the experience.

The Myth of Making Money™. It strikes us all.

But it only has to strike once. Or, for those of you reading this today, hopefully not at all.

Avoiding the Trap

There are definitely a few ways to mitigate the risks that cost Travis and I so much.

Temper Your Expectations

First, have realistic expectations. If you see an $8 card and believe it can push $11 or $12, think twice before you buy into it. Using Scourge of the Throne as an example, it took the card nearly doubling up for me to break even on a buylist. And the truth is, if you’re speculating on a card to resell, buylists are likely going to be your best option if you bought more than a playset or two. Know that whatever you buy, you need to reasonably expect a double-up before you can expect to get your money back after shipping.

Trading

Trading for cards is a good way to eliminate some of the upfront costs, given that the “true value” of your $8 retail card is closer to $4 or $5 in cash. If you can use that card to pick up the $8 card you want to spec on, you’re getting yourself a much better deal than buying in it for actual dollars.

Go Deep

If you feel strongly enough about a card to move in on it, do it for enough copies to make it worth it. Having a playset of a card you knew was going to strike it big is great, and you’ll have those to play with, but if you do feel strongly, don’t be afraid to go deep. You have to risk it to get the biscuit, after all.

Account for All Costs

When I mention the costs here, I’m sure the first thing that came to your mind was postage. And it’s true, that is a major cost. But it’s far from the only one and, I would argue, not even the most important.

Your time is a cost, and your time is worth money. Spending time researching and buying a spec, or trading into it, is time you aren’t spending playing Magic or hanging out with your girlfriend or delivering pizzas for some extra cash. If you’re going to look toward this as a way to make a little money, you must absolutely account for the cost of your time.

Do It for the Story

I have one other piece of advice when it comes to speculating.

I’ve explained the Myth of Making Money™ today, and I hope it helps you understand that making money on “MTG finance” is not anywhere near as easy as some people paint it. It’s work, and it can be hard work with little reward. In almost all cases, your time is better spent delivering pizzas if you’re looking for some extra money.

But Magic can give you something that Pizza Hut can’t.

The memories.

Nobody is retiring off of money they made flipping some Magic cards over the weekend. But you may be able to foil out pieces of your Commander deck by doing so. And when someone comments on your cool signed foil Fifth Dawn Eternal Witness, what’s a better story: that you made enough money to get them from your out-of-right-field spec on Death’s Shadows, or that you delivered some pepperonis to buy it?

One of my favorite pieces to ever write was the story of how I sold my fetch lands that I had spent years acquiring through trade. In the end, I sold them for about $25 apiece, far from the heights they would later reach. But I don’t regret the decision. It was the completion of a story a long time in the making, and it’s one I remember vividly today. Hell, even stories where things go wrong (like my 94 Splinterfrights) are worth it for the story later. I keep that pile on my desk as a reminder that we can all screw up, no matter how long we’ve been doing this. Sure, I lost some money on that spec, but it’s a fun story anyway.

The Myth of Making Money™ is a vital concept for anyone getting into Magic finance to understand, and you won’t ever truly succeed in this field until you do. If you believe in a card and want to try your hand at speculating, don’t be afraid to do it. But make sure you give yourself a chance to succeed. And, for your own sake, enjoy it.

You may make some cash, or you may not make any money at all. Just make sure you make some memories along the way.

Thanks for reading,

Corbin Hosler

@Chosler88 on Twitter