There is no upside risk in the stuff shags was registering, it is was junk. Thousands of the type of names that would be lucky to generate 1 sale a year.
Let me give you an example you might relate to.
There was a guy who about 8-10 years ago registered lostsuper.com.au. At the time everybody thought he was crazy. They said things like
"it costs $100 pa to register - that's crazy!"
"you can't even monetise .au domains what a nutter"
"it's a lousy .au domain name - worth nothing"
"you can't even sell .au domains - this guy is a deadset loser"
"that's an absolute junk domain"
To put it another way "the outcome was pretty obvious to most people except himself" - he was wasting his money.
Now I tried to buy that domain off that guy but he said (very reasonably) he couldn't accept any less than $10K for it as it made so much passive income just parked.
Do you see what I'm saying? Was the guy right to ignore the naysayers and take a risk?
Ask him how it has gone if you think registering names like that shouldn't be dismissed.
Hindsight is a wonderful thing. I didn't say that it was a good investment - I just counseled against being so dismissive of ANYBODY prepared to take a bit of a punt.
We had this exact same discussion two weeks ago. I wouldn't invest in domains right now. If I did "had to invest in domains" I'd buy popular keyword .com's.
You certainly said that all domains in the last 3 or 4 years have been a terrible investment. This begs the questions -
What are you doing/have you been doing spending so much time on domainer forums? Certainly great for the rest of us to have a less bullish outlook - stimulate discussions like this one but I wonder what your motivation is?
Why don't you sell all your domains pronto?
If you haven't invested seriously in domains for many years, are you really qualified to give so much investment advice?
Thanks snoopy - I appreciate your candour.