One of the neat things about tying flies is being able to give some away to a friend or newbie, and then seeing them catch fish on your "creations".
I haven't compared the cost of tying your own versus buying. It's more complicated than just the cost of materials 'cause there can be significant "capital costs" (e.g., high end vises) to amortize. In the end, tying flies and probably making your own rods just completes the whole fly fishing hobby.
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I fish, therefore I am.
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