State of the Post War Market

[AGuinness]

Originally Posted by David W

You may be correct. But if you are investing in high end graded cards of top players, you do not know how many high end cards are still out there waiting to be graded.

So you do not know the supply side of the equation, nor necessarily even the demand side.

But people have and will make money speculating on baseball cards.

Very true, and in particular the population of ungraded cards likely increases the more modern the card is, creating more risk for modern and recent star cards.

But continuing as a Devil's Advocate, I think the unknowns and speculation in the stock market are also very prevalent. Speculation has been cited as at least one of the reasons behind each of the major stock market crashes. And while market cap and other statistics on stocks are widely available to shareholders, there are many examples of companies deceiving the public and their shareholders by using loopholes and accounting tricks ("cooking the books") to hide debt, etc. (such as Enron). I think there's likely a certain amount of unknown risk in EVERY investment.