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Posted By: warshawlaw

Ok, assuming for the sake of discussion that anyone would be stupid enough to invest in such a fund post-Ohio, how would it really play out? If your fund manager was charged with the task of buying only the "best" cards, how would he figure out which definition of "best" to follow? Would it be "best grade" or "rarest card"? Would he buy a PSA 10 1952 Mantle instead of a Western Playground set? Would a T206 Wagner be considered "better" than a group of E107 HOFers costing about the same? How would they possibly price rare items, other than by guessing or topping everyone else at auction? And selling, how could that happen? There isn't any exchange for these things. They'd either have to form their own auction house, do private sales, or work with the auction houses (paying a hefty "load" in return in the form of the commissions and BP).