Search
  • Ari Goldfarb

Book Collectors: the forgotten traders

Updated: Feb 12

Why do we invest? The idea is straight forward. Investing money in a security gives ownership in that company, which will either appreciate, depreciate, or remain stagnant over time. Investors hope their capital grows in the market and when one speaks of investing it’s usually assumed they mean the markets, unless otherwise specified.


But investing can refer to any number of properties. Popular makeup guru Jeffree Starr collects one of a kind handbags, some worth over a quarter million dollars.[1] In 2018 a Micky Mantle baseball card sold for $2.88 million.[2]


And in December 2018 a 1688 publication titled Confusion of Confusions was valued around $300,000.[3]Book collecting has long followed a buy and hold philosophy on speculative property. The lucrative hobby had mainstream attention drawn to it in the popular Dark Tower series written by Stephen King when book collector Calvin Tower joined the Gunslinger on his quest to catch the man in black and defeat the Crimson King.


In the book the reader is treated to a thorough education on the attention to detail that book collectors search for in order to eye potential growth. The primary example given is a typo on a limited edition print of a short work by Stephen King, which Calvin Tower owned. He is the expert. A figure of authority the audience is persuaded to trust based on his knowledge in the subject.


Why is this important? Because as technology and the internet has connected the world, the idea of uniformed solutions for investments have become less and less necessary. Each interest, sector, and hobby has an enthusiastic audience and an equal number of experts to trade with.


The same can be said in finance. While one is able to enter the realm of investing with limited means the highest returns, the knowledge of the industry landscape, and the research to find intrinsic values isn’t impossible for casual observers to discover but working with experts can get an investor to their goals faster.

Contact us today and let’s grab a coffee!



  1. [1] https://www.dailymail.co.uk/femail/article-7024849/Millionaire-YouTuber-Jeffree-Star-tours-closet-vault-filled-valuable-items.html [2] https://www.stadiumtalk.com/s/most-expensive-baseball-cards-985687df1bbe45c5 [3] https://www.investopedia.com/oldest-stock-exchange-book-for-sale-4579868

0 views

(716) 842-0145

295 Main St Suite 914 Buffalo, NY 14203

900 Camp St Suite 4C5 New Orleans, LA 70130

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Raymond James Financial Services is not affiliated with New Orleans Chamber of Commerce.

https://brokercheck.finra.org/

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC Privacy Policy</a/<a

Goldfarb Financial is not a registered broker/dealer and is independent of Raymond James Financial Services, Inc. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.

Certification awarded by an independent nonprofit organization B Lab. This certification recognizes businesses that meet rigorous standards of social performance, accountability and transparency. The 2019 Best for the World lists are determined based on the verified B impact Assessments of Certified B Corporations. The B Impact Assessment (BIA) is a free Online tool designed to comprehensively measure the positive impact that businesses generate for their communities, customers, workers, and environment; administered by the independent nonprofit B Lab. Criteria can be found at https://bcorporation.net/2019-best-for-the-world. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of the firms’ or the advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. B Impact and Best for the World is not affiliated with Raymond James.

We receive, collect and store any information you enter on our website or provide us in any other way. In addition, we collect the Internet protocol (IP) address used to connect your computer to the Internet; login; e-mail address; password; computer and connection information and purchase history. We may use software tools to measure and collect session information, including page response times, length of visits to certain pages, page interaction information, and methods used to browse away from the page. We also collect personally identifiable information (including name, email, password, communications); payment details (including credit card information), comments, feedback, reviews, recommendations, and personal profile. When you conduct a transaction on our website, as part of the process, we collect personal information you give us such as your name, address and email address. Your personal information will be used for the specific reasons stated above only. We collect such Non-personal and Personal Information for the following purposes: To provide and operate the Services; To provide our Users with ongoing customer assistance and technical support; To be able to contact our Visitors and Users with general or personalized service-related notices and promotional messages; To create aggregated statistical data and other aggregated and/or inferred Non-personal Information, which we or our business partners may use to provide and improve our respective services; To comply with any applicable laws and regulations. All direct payment gateways offered by Wix.com and used by our company adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, MasterCard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of credit card information by our store and its service providers. If you don’t want us to process your data anymore, please contact us at adam.goldfarb@raymondjames.com or send us mail to: 295 Main St Ste 914 Buffalo, NY 14203. We reserve the right to modify this privacy policy at any time, so please review it frequently. Changes and clarifications will take effect immediately upon their posting on the website. If we make material changes to this policy, we will notify you here that it has been updated, so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we use and/or disclose it. If you would like to: access, correct, amend or delete any personal information we have about you, you are invited to contact us at adam.goldfarb@raymondjames.com or send us mail to: 295 Main St Ste 914 Buffalo, NY 14203.