Everywhere in life it's "the good old days this" and "the good old days that". People who sold their homes in my neighborhood 20 years ago because they thought it was the top of the market were wrong. Very wrong. Yet when you meet them they will give you 10 reasons why they are happy they got out when they did. They were dead wrong and want to justify it somehow in their own minds.
Anyone who doesn't think high end graded cards can be an investment must have slept through the recent REA auction. And what's so hard about selling high quality cards? I have a friend who extended himself a decade ago and bought a card for $3800. Just sold it for over $60K. Sounds like a decent investment. I agree that not every card can be viewed as an investment, and most of them probably aren't, but if you don't believe the good stuff will appreciate more in value your kidding yourself.
The one point that people here ignore over and over and over is that the same well heeled buyer can be both a lover of baseball cards and baseball and be an investor in cards at the same time. Why is that so hard to grasp? The dentist driving a Ferrari can love cars his whole life just as much as the guy who buys spare parts and works in his garage every weekend reconditioning an old Mustang. Not mutually exclusive.
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