I stand corrected – buying virtual land

A BBC News story has pointed out that my prior post (which I can’t find on my first blog) in which I called this guy a moron for spending $17 thousand to buy land in a virtual world. Afterall, it’s only an investment if you can sell if for a higher price. However, according to the story, there is a strong chance this guy and others will be making money! Should we all rush in and do this? Nah! I think it’s probably like most investments, if you’re not the first one in, you’re not going to make as much money. Afterall, you have to pay more and then hope the price goes up even more. This may end up making a lot of money for the first batch and be a bust for everyone else. Time will tell and I’ll keep a close eye on this story.

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