Nice take, Ron. Could be true of any investment when it gets hyped. Look at the GME and AMC nuttiness.
I do collect modern too. My 'philosophy' is the same, though: I collect what I like, so if I am stuck with it I can still enjoy it. If I like a design I buy the card, if not, I skip it. There are some really nice and innovative issues out there.
So why not have some fun and pick up a few?
I do salt away a few gambles here and there, maybe ten flagship base set rookies of a player who has potential, but those are just for shits and giggles. I also like to bust a couple of boxes here and there for fun, then I put all of those into a box and salt them away too, and wait to see whether some rookie in there matures into a great player.