"Extraordinary popular delusions and the madness of crowds" by Scottish journalist Charles Mackay, is a great book, especially the chapter on Holland's tulip mania. However, there was no long-term limit on the number of "rare" bulbs which could be produced.
1) There is a set limit on the number of LL and LLL .com's.
2) Over time an increasing number get taken by real companies, so they become even more rare.
3) Buy now (if you can), while the prices are lower. :tu:
Basic precepts of capital efficiency pretty much dictate that pointless, irrelevant LLL.com's are almost never the correct decision from an investment standpoint (save for a real freak-of-nature scenario, like encountering one that's so drastically under priced, profiting from it isn't much more than bending over to pick up the free money laying on the sidewalk).
I've never, ever been presented with a situation where, out of all the names listed on the open market, buying a LLL.com has been the best option for my available capital. Like, they've never even been fourth or fifth runner-up.
Further, while LLL.com's might be "finite" in a thematic sense, that doesn't provide any meaningful comment on their intrinsic "value". Without even getting into advanced stuff; if you deconstruct the basic metrics that go into supporting value for any given domain name, you soon realize that almost none of them are present in
irrelevant LLL.com's. The fact that they- as a broader theme- are 'finite' is sort of immaterial in a game where every name is unique as a fingerprint to begin with (and valued accordingly).
I will concede this... There is a factor in the human animal that is deeply irrational and LLL.com's seem to strike right at that 'thing'. We see it when people pay $100,000,000 for a painting, or $250,000 for a wristwatch. LLL's are hubris names and as long as there's a perception of 'swagger' to their ownership, it will always be hard to quantify their real worth and it's entirely possible that they may rise in value over time- it wouldn't shock me one bit to see people get even more maniacal about them as time goes on... Still, as a guy who *always* bases my decisions on fundamental value drivers over anything else, they do absolutely nothing for me.
When I think of all the mind-bogglingly under priced names that are sitting out there, right now, and how much earning potential they have over time, I just cannot wrap my mind around why anyone would want to buy xjz.com over a name that, upon development, has fantastic potential to attain relevance in it's keyword niche and deliver a durable monthly paycheck ad infinitum. Is impressing a bunch of 'domainers'- with a stupid short domain name- worth burning up your precious capital and thusly forsaking
that kind of income opportunity?
Hell no.
