>A good heuristic is that most high quality items are custom made niche things. e.
See, I just don't think this is true. When you get something custom, you get to tune a lot more parameters than when you buy COTS, and if you know exactly what you want, and if that is different from what is generally available, that can be super valuable.
But usually, the more custom a thing is, the more likely it is to have quality issues. When you want a one-off, you usually pay either in terms of more money or worse quality control (often, as in the case of rare cars, both)
I mean, it can still be totally worth it, but if you buy a hand-built Ferarri because you think it will be more reliable than a mass-produced Toyota, you are likely going to be disappointed. (I mean, a hand built supercar has a lot of qualities... reliability tends to not be one of them.)
See, I just don't think this is true. When you get something custom, you get to tune a lot more parameters than when you buy COTS, and if you know exactly what you want, and if that is different from what is generally available, that can be super valuable.
But usually, the more custom a thing is, the more likely it is to have quality issues. When you want a one-off, you usually pay either in terms of more money or worse quality control (often, as in the case of rare cars, both)
I mean, it can still be totally worth it, but if you buy a hand-built Ferarri because you think it will be more reliable than a mass-produced Toyota, you are likely going to be disappointed. (I mean, a hand built supercar has a lot of qualities... reliability tends to not be one of them.)