Stocking up on comics
Via Lisa at Sequentially Speaking comes an article in American.com about the sure bet of investing in comics and other collectibles. Naturally, Kevin Hassett points the exceptions to the rule in order to prove his thesis, which helps nobody. The operative word here is "rare," people.
Plus, he supplements his databy looking things up in the Price Guide, which we all know deals more in theoretical than actual value, the latter being arbitrariily determined from day to day by whatever each buyer and seller actually feels like paying for and selling a book.
This knowledge would seem to make the answer to Hassells question, "Why don’t sophisticated money managers and operating companies invest in comic books?" fairly obvious.
They do, though. Sophisticated money managers do deal in fine art, which usually is in the millions. Very few comics are worth that much, however, if you look at the ultra-high end stuff, like the best Acton #1, etc, where do you think they are?