It’s not that complicated. A large part of the escalation in post war is basically investors. They may like baseball too, but their primary
Goal is to buy an asset that has wide societal recognition and will be in demand for years to come. That card is not an 1893 card of some dude know only to SABR people and folks on this board.
Not passing judgment on what Anyone collects.
It’s like saying why do the rents keep going up on Fifth Avenue in NYC and not at the nice little strip mall 13 miles away.
|