CNN card story

[Tyruscobb]

Originally Posted by Exhibitman

I had a rather disturbing and perhaps emblematic inquiry from a buyer on an expensive card. In context, the card is a hot one and I decided to push the envelope and ask for a BIN price above the most recent sale a grade higher than the one I had. They guy first bombarded me with emails asking to buy the card for 25% less, which I ignored. I will just quote his last email so you can see what it is:

"Hi, I ended up hitting the buy it now. If it isn't too much of a problem, can I pay on Monday or Tuesday? I'm trying to get it on my next credit card cycle. Wife is killing me with this months bill as it is."

I am not this guy's keeper so I am not going to cancel the sale but when people are going into debt and hiding card purchases from their wives, that's a warning sign as far as I am concerned.

Your potential warning sign reminds me of the one Joe Kennedy received, and acted on, a few weeks before 1929’s crash. A few weeks before the crash, Kennedy overheard a shoeshine boy intelligently discussing the market and giving tips. Kennedy famously stated, “[w]hen the shoeshine boys have tips, the market is too popular for its own good.” He exited the market soon thereafter and saved his fortune. Will you do the same?