Jordan is no doubt one of the greatest players ever. I have owned tens of thousands of Jordan cards many of which are inserts such ad Metal Universe, Beam Team, Upper Deck autos, and his rookie cards throughout my collecting career though I own only a thousand or so now, keeping an insignificant number only for showboating and diversification purposes just so people won’t excuse me of not having something they supposedly have five copies of. I made a conscious decision to no longer own those cards. I utilized much of my cash flow for historical transitory purposes which I won’t specify but if you been reading my posts you know I know everything about everything not just limited to anything. Such historical transitory opportunities don’t come very often, some happen once a few hundred years with low success rates. Whatever I have left after the normal mainstream investments and other expenditures, I put them into LeBron, other superstar cards and other alternative assets I believe are extremely undervalued. My goal has never been to earned the last dollar, it’s more so to continue the cash flow. Alternative assets are notorious for lack of liquidity. Just look at the Air Jordan secondary markets, the NFT market and the entire sneakers market and the tens of thousands of other alternative assets that were once fads then quickly faded away.
Without getting into the science and nitty gritty of my analysis from a player’s diet, mental state, conditioning, cell production and division speed…..all I will say is everything and anything that happens to the athlete or their periphery will impact the cards of the “underlying assets” tremendously. This is not an arts market, it’s more complicated than that. Every commercial or decision these athletes or franchises make could dilute the value of your card aka derivative asset. Many of Jordan’s cards have increased literally a million percent since they first came out to the market. It’s important to know in the alternative assets market due to the lack of liquidity factor and high uncertainty, many will sell their cards when the cards reach a certain level in pricing based on expected results for the reaching of certain milestone in a player’s career. It’s not much different from the stock market where certain events like dividends are already priced into the valuation of a company when the dividend is first announced or is suspected to be announced by certain time in the future. LeBron’s business empire is well diversified. His cultural impact when it’s all said and done will greatly dwarf that of Jordan’s.
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Pending collapse of Michael Jordan premium/insert cards market; LeBron James, Barry Bonds and WOTC cards being extremely undervalued.
You don’t heard a lot of hype about him now because he is still competing and competitors all have to believe they are better than their opponents to truly succeed. Having a near 30 year career with GOAT level attributes that he will likely continue to add to within the next five years will be extremely difficult to refute not being GOAT level moves. LeBron cards are literally pennies on the dollar of his true valuation for a GOAT at this point. The hate he is currently receiving is what is keeping his cards valuation penny stock low. His second career as one of the greatest businessman, social icon and father to NBA players among other ventures, will likely break the GOAT barrier for him in the minds of many. LeBron’s points record will likely stand for 50 years at least given there is no one in the league or who is alive right now could possibly break his record and the NBA will likely not make significantly changes within the next two decades or so that inflate scoring significantly. As for WOTC and Barry Bonds cards which I discussed copiously in previous posts, you just have to look online for some of these card prices to evaluate how extremely undervalued many of these cards are considering their status within their respective hobby niche.
Since I mentioned the stock market in the above, here are some of the basics about the market you might find useful eventually. A split, better yet a double digit split usually means the nominal price per share is too high. To attract more people to buy its shares, the split the original share into many more shares to decrease the average price per share. Double digit split is usually a sign of high confidence from the company the stock will not fall significantly over time and will remain significantly above the mandatory threshold price per share in compliance with the stock exchange’s rule(s). Most of the time this signals a potential good appreciation value as more people buy into the stock. A reverse split though is usually a bad sign however as it likely indicate the share price is too low and the company is trying to increase its amount to comply with stock exchanges minimum per share stock price to stay listed which indicates there might be trouble on the horizon. Many people look at technical charts and look at indicators like RSI, MACD, Stochastic and Bollinger Bands to trade on momentum and to figure out the resistance and support points. So when a stock is near an all-time high it might serve as a signal for some people to buy even more. Conversely an all-time low might be a falling knife which people might not want to buy into that stock until it stabilizes in prices. Although many more also look at the fundamentals like ratios such as P/E, dividends, beta. Alpha etc., charts are an important signal as well. Other indicators like whether the company filed their finals on time and potential ownership changes might be helpful as well.