[raulus]

Trades can be complicated, particularly because now you have to argue about valuing twice as much. Cash is pretty simple.

I do think that trades still happen, albeit on a lesser level. My experience is that they are still alive and well when it comes to impossible to find stuff that is difficult to value. I might have something that you really want, and you might have something that I really want. They’re impossible to find and difficult to price, so we agree to trade, maybe with a little cash to even things out.

I’ve done a handful of trades over the last few years, sometimes including some 3-way or 4-way trades when our cards don’t align perfectly, but another party does have stuff that aligns.