Posted By:
bruce Dorskind
August 30 2007, 9:37 AM
Our quote with regard to the distribution of wealth was made simply
to support the fact that baseball cards, like other collectibles,
are an asset class. Accordingly, wealth management firms
have experts on staff who understand (or at least state
they understand the collectibles market).
.
Before one is too quick to complain about the wealthy, remember
a significant portion of that group is made up of people who the other
99% choose to worship like entertainers, athletes and politicians.
We believe that someone who wants to work 100 hours a week,
risk his own capital and who has great creative talent has every right
to earn whatever he can.
One should also remember a very old proverb "How you stand on an
issue depends on where you sit" Look, for example, at the poor
people who won a lottery or had a blue collar job at a hot IPO company
that went public. You'll find a dramatic change in their politics as well as
their stand on wealth distribution.
What we can say with great certainty is that the fact that 1% of
population controls 35% of the wealth may or may not be good
for the country, but it has certainly been terrific for the 10-15
dealers who regularly hold rare card auctions.
Bruce Dorskind
Minds That Matter