Coffee and a Mike
Andy Schectman #1032
Jan 8, 2025
Andy Schectman, owner of Miles Franklin, shares his insights on the emotional side of sports card collecting and its surprising links to precious metals. He discusses the complex economic landscape, including the national debt and potential financial reset looming over America. The conversation dives into political conspiracy theories and their impact on public perception, accentuating the need for discernment in today’s information age. Looking ahead, Schectman encourages cautious optimism about 2025's economic opportunities informed by current trends.
40:54
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Quick takeaways
- Sheckman emphasizes that collecting valuables like sports cards can provide both emotional joy and substantial financial returns over time.
- He warns that the burden of national debt, primarily owed to American citizens, signals potential economic hardships requiring difficult sacrifices and restructuring efforts.
Deep dives
Joy in Collecting
Andy Sheckman expresses the profound joy he finds in his sports card collection, reflecting on how it connects him to his childhood and simpler times. He began collecting cards in the late 1990s, initially trading them for gold and silver, which led to an impressive collection that includes valuable items from the early 1900s to the 1952 tobacco cards. The joy of collecting turned out to be financially rewarding, as his investments in cards have significantly appreciated, outperforming other assets he owns. This demonstrates that when one invests in what they love, it can yield both emotional satisfaction and economic benefits.
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