The price of floppy disks

A great reminder that price is a function of demand and supply:

Another thing is that I don’t know what my inventories are worth. I know that ten years ago I bought floppy disks for eight to 12 cents apiece. If I was buying a container of a million disks, I could probably get them for eight cents, but what are they worth today? In the last ten years they’ve gone from ten cents to one dollar apiece, and now you can sell a 720KB double density disks for two dollars. I just don’t know what the market will do. It’s very hard to run a business when you don’t know what your product is worth.

That is from Eye on Design’s article about Tom Persky, the last man selling floppy disks.