Quote:
Originally Posted by raulus
Or stuff that has been cracked out. Or resubmitted. Or crossed over. Or the pop database is a worthless unintelligible jumble. Or stuff was just plain labeled wrong.
But the bigger issue for me is really that it’s not meaningful. If one card has a market cap of $1M and another card has a market cap of $100M, does it really mean anything? Does it mean that one card is overvalued or undervalued? I just don’t see how it helps to really provide any meaningful insights, other than just the sheer craziness of how big some of the numbers are for some cards like the 311 Mantle.
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I think the market cap concept is useful in making precisely the point that I think Jonah was making.
To make his point slightly differently, would someone pay around $500k to buy the entire known market of 1952 Aaron Clowns postcards?
How does this compare with what it would cost to buy the entire known market of 1914 Ruths? Isn't one strikingly low compared to the other? Doesn't that imply that one might be undervalued relative to the other?
Yesterday, 03:08 PM
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