When I was younger baseball fan, still young enough to bring a mitt to the ballpark without ridicule, I saved my allowance until I had $20 to buy a Sandy Alomar Jr. rookie card. I’m not sure it was ever worth $20. And it’d probably be worth almost nothing today, even if I didn’t stick it in my spokes years back. Such are the breaks of investing in baseball.
Now that I’m older, I’ve moved on from the small-time hobby of buying baseball cards to the big-time world of buying baseball players. Today, I plunked down $20 of my sort-of-hard-earned money as an investment in Randy Newsom, a 25-year-old side-armed reliever in the Indians farm system who split time between Single and Double-A last year…
This article appears in Jan 30 – Feb 5, 2008.
You did not invest in this guy, you happened to read about it in Crain’s Cleveland. Newsome refunded everyone their ‘investment’ after threats of the SEC getting involved.