Scarce Assets
Ever wonder why some assets become insanely scarce even when everything else feels abundant? Packy McCormick points out that in a world flooded with options, certain assets — like art, land, or even attention — are rapidly drying up. According to McCormick, historically, the super-rich, like Duveen and Mellon, capitalized on this scarcity, turning rare art into massive fortunes, even during times of economic chaos. But here’s where it gets wild — today, the game is shifting. In a market overflowing with digital assets and easy-to-replicate investments, true scarcity is becoming a superpower. Packy highlights that those who understand what’s genuinely limited — like unique experiences, niche knowledge, or high-quality networks — will hold the real leverage. And get this — this isn’t just about art or wealth. It’s about assets of all kinds that can’t be easily copied or replaced. So, the big question isn’t just what’s scarce now, but who’s smart enough to see what’s about to become even more valuable. Will you recognize the next scarcity before it’s mainstream?