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Originally Posted by Bpm0014
I'm still stuck on someone worth $300 mil trying to figure out another investment strategy. What on earth cant you buy for that kind of money that some baseball cards are going to make the difference??? Its their money, but I dont understand "needing" a new investment at that point.
He's 71 years old. Played Division I college baseball in the ACC. He doesn't need any more money. He just loves baseball, and when I started to show him some of the Mickey Mantle and Ted Williams and Roberto Clemente and Hank Aaron and Willie Mays cards he became a bit nostalgiac....and wanted to learn more. His plan is to buy some ultra high end cards...hold them for a year or 2...and then see what the market is like. We have our eyes on a couple now.
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This is really interesting. At 71 years old and worth $300 million, he certainly doesn't "need" any more money. If he's really nostalgic and loves baseball, why not buy the great cards and just keep them as collectibles, as opposed to looking at them as investments to be sold for a profit?