[jsfriedm]

In general, I am in the group that is broadly skeptical of any vintage baseball cards as long term investments because I am not convinced that future generations are going to care as much about Ty Cobb and Walter Johnson as we do.

However, I also look at it this way. I am 40 years old. I may live another 50 years (maybe more, maybe less). If I wait 20 years to buy a card because then it will be cheaper, I have lost 40% of the value of that card to me, i.e. 20 of the 50 years I could have owned and enjoyed it. (And of course, there is no guarantee that I actually do live that long, or that I am able to enjoy the cards then, or, of course, that the cards do, in fact, go down.) So my compromise is don't put money into cards, any cards, that you are counting on getting back, but don't feel bad about paying for something you enjoy now that might be cheaper a while down the road.