Tuesday, September 29, 2009

How $40,000 Becomes $5 Million

The USA Today ran this story about a couple of guys that invested $40,000 in some rare basketball cards and other memorbilia. Much like value stock investors looking for undervalued companies, Bill Schonsheck and Christopher Sanchirico had the vision in the late 1980's to foresee that basketball cards were truly undervalued compared to their baseball and football brethren. And did they make a great call. Their collection is now valued at around $5 million! Here are some of their cards:

Pics of the Cards and other Memorbilia

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