Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Mad2 who wrote (2627)	2/6/2000 4:59:00 PM
From: Dale Baker	Read Replies (3) of 3543

Here is an anecdote whose importance for investing still isn't clear to me, but I know it will make a difference: On a recent trip to the US I looked at video cameras at three brick and mortar stores. Found the model I liked and knew I could pay $899 to take one home right away. Instead I went online and ordered the identical model for $714 from a discount house I never heard of before. Now, Panasonic makes the same wholesale price from my purchase. BBY and the other stores lose money because I bought the camera online. The discount house has to beat every other store in the country to get my business so margins are terrible. But it is easier than ever for me to buy the camera so consumer spending is strong. The only winners I see are the companies that made it possible for me to find the camera and buy it online in the first place. That's where I put my Internet investment dollars. Not the zero-margin retailers or the old fashioned stores facing online competition.

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