What I Don't Understand about Baseball Card Economics

[barrysloate]

Not completely Peter. I do understand that the collector who pieces together a VG T205 set one card at a time is passionate about what he is doing, and doesn't care about all this background noise about card doctors.

But we know that recently a whole wave of investors has entered the hobby and is putting big money in high grade cards. Those people are looking for one thing only: making a profit. And given the rickety state of the high end hobby, why aren't they fleeing it? If you bought 100 shares of Apple and then discovered that instead of using computer chips in their smartphones they were filling it with jello, you would bail out in a heartbeat. You would have no emotional attachment with the stock. But these high end players seem to sense that nothing is wrong. No, I don't entirely understand it.