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Old 12-08-2002, 11:26 AM
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Default Stupid Buyers, Stupid Sellers?

Posted By: Dan Mathewson

...everyhone tries to make a buck, that's what they're there to do.

Car dealers buy a used car from someone for $5K, try to sell it for $9K. They get a new car from the factory for $15K, try to sell it for $23K.

Used book dealers buy used books for 25% of the cover price, then resell them for 50% of the cover.

Cards are no different. Churn and burn. And, make a profit on your investment.

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