At its most basic, arbitrage means little more than buying at one price in one market and then selling at a higher price in another. Sometimes that shift in market can be geographic, and at others – as is the case here – it can be a shift over time.
I just read an article about a guy called Bob Peterson in the United States who figured out that the market for college textbooks was unlikely to be stable. He did an analysis of online selling prices and found, sure enough, that prices swung widely through the year in line with the academic calendar. Prices were at their lowest in the summer and then went through the roof once the college year started. This was a discovery that enabled him to double his money each term by buying in summer.
Two things to take from this I think:
1. Why not copy this simple arbitrage system in the UK?
2. What other products display a similar demand cycle?
Maybe there’s a clue in the very last word I just typed!
Quote Of The Day
“The big secret in life is that there is no big secret. Whatever your goal is, you can get there if you’re willing to work.”
Oprah Winfrey
Alternative Quote Of The Day
“A computer once beat me at chess, but it was no match for me at kickboxing.”
Emo Philips
It’s Been A Good Month For…
Publishers, with the news that Bloomsbury has reported that — thanks to lockdown and people have more time to read — it has had its best half-year profits since 2008. Earnings rose by 60% to £4m between February and August as book sales soared.
Kim Kardashian, who won $6.1m from her bodyguard and his company after she accused him of failing to protect her during and armed robbery in Paris where part of her extensive jewellery collection was stolen.
IT’S BEEN A BAD MONTH FOR …
James Dyson, who lost $11m on selling his property in Singapore. The arch Brexiteer announced his company’s headquarter’s move to the city shortly after Brexit. It is said to be Singapore’s largest apartment.
Gareth Gates, the pop singer, who reported that he trades currencies and once lost £250,000 investing with a shady “expert”
Today’s National Day
NATIONAL HAPPY HOUR DAY!
PUBLISHERS NOTICE