Quote:
Originally Posted by Econteachert205
My mistake has always been diving in too soon without doing proper research.
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A big +1 on that one re my early collecting days. Now my practice is to assemble all the info I can on an expensive purchase beforehand. Second biggest mistake was in the early '90's, investing in a lot of hot, young phenoms--hence my oft made argument on this board that it is far better to wait until that "phenom" has reached the downside years of his career to truly and accurately evaluate him (although you can never rule out subsequent disclosure of PED use at just the wrong time). By then, the speculative and transient elements of the demand factoring into an inflated price will have long since dissipated. Case in point--1990 No-Name on Front Topps Frank Thomas rookie, booking at $1600 (high Beckett value) in the early '90's. Prior to his HOF election in 2008-2010, a very nice NMt-Mt example could be had in the $500 dollar range, even though he had clearly put together a HOF career (the only debate was the time he put in as a DH vs first baseman).
Highest and best regards,
Larry