Postcards: Explain This to My Wife

Sometimes people buy things that make no sense to the other person. There's a plan. ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more You are a free subscriber to Postcards from the Florida Republic. To upgrade to paid and receive the daily Republic Risk Letter, [subscribe here](. --------------------------------------------------------------- [Postcards: Explain This to My Wife]( Sometimes people buy things that make no sense to the other person. There's a plan. [Garrett {NAME}](floridarepublic) Sep 6 floridarepublic   [READ IN APP](   Dear Fellow Expat: I’ve been helping my family sell baseball cards from the 1950s. My father had lots of cards a long time ago. He sold the pristine stuff thirty or forty years ago but kept a lot of commons. But along the way, I keep finding great cards… It’s cool to see a few second-year Ernie Banks cards or Bart Starr Bowmans from the past. I decided that out of this, I wanted to start buying cards that I wanted to own. So, yesterday, I went on Fanatics and found a few reasonably priced cards I want to own. This is important. I want to own them… forever, just as investors should want to own specific companies forever. That brought me to specific cards. I want to share them with you. These are alternative assets. They’re largely illiquid, and they’ll appreciate over time. There will be crises in the markets along the way, but the long-term appreciation scale is upward and to the right. I didn’t buy highly graded cards. I don’t have that kind of pull. But I bought the cards in grades that I knew would preserve their value. I’m thrilled with this collection. I bought the 1954 Jackie Robinson Topps. This is my favorite card behind the 1951 Mickey Mantle Bowman Rookie. It’s beautiful, a picture of baseball joy. Yep… a 6 grade. Handsome. I didn’t know this, but Bowman didn’t have certain Jackie Robinson and Mickey Mantle cards in the 1950s because the two stars had signed deals with rival manufacturer Topps. This is one of the 15 cards I bought yesterday… But then… there’s this card. It’s the 1955 Topps Ted Williams. I remember sitting at my father’s desk at six or seven years old. This card… this is my childhood. This card reminds me of what was good in the world as a kid. I still remember holding this card before my father sold it years later. Welcome home, Ted. Let’s discuss some other things on my mind. The “Republic Flag” I had an interesting conversation with ChatGPT earlier today. Recall that I said that Deion Sanders is the only man who would ever be on the Republic Flag. But ChatGPT didn’t want me to put Deion Sanders on a flag… After some haggling… I finally did get a flag out of this. I didn’t realize that Red, White, and Green made so much sense for the Republic. I feel like he resembles Pat Mahomes more than Deion. But no matter what, Deion Sanders looks great. So do I. Market Update Gosh, we’re good at this. Our signal went negative on Monday… and here we are on Friday watching money scream out of the Nasdaq today. Roughly 55% of all stocks are now under their 50-day moving average. We don’t know why it goes negative, but we’re ahead of it. I started trading the UVIX when this turns negative. I bought the $5.00 call for 9/20 last Friday for nothing. I have to wonder… is this what you’re looking for? Do you want to gamble like this? Because that’s what it is… but at least we know that it’s the time to make that bet. I’m here to please… The Game is Rigged Two nights ago, I had a fascinating conversation about the Moon Landing. The gentleman before me took my confidence that we landed on the moon from about 95% to 40%. This wasn’t a man on the street corner in a megaphone. This was a rational professional… a member of Mensa. An articulate, passionate argument. I’m open-minded… and damn… I gotta say… I enjoyed that part of my evening. Conspiracy theories are fun. They’re entertaining. And… sadly… a lot of recent conspiracy theories have come true. My favorite conspiracy theory (outside of Kyle Kinane’s argument about Trader Joe’s parking lots in the video below) is the idea that the NFL is scripted. Much like “Professional Wrestling,” the adage goes that the NFL all an act. The drama and the media are just pretend. [Former NFL players have suggested this is a thing.]( I don’t know… but after watching that game last night - it creeps into the back of my mind, no matter how rational and intelligent I believe myself to be. The game is a lot more fun if you know it’s rigged. We figured that out with the market years ago… If There’s a Fire, Just Leave Finally, my daughter just got home from school. Today, she learned about Fire Drills. She said… “well, if you’re in the bathroom, you just walk out and you don’t wash your hands.” But she advocated that she should wash her hands. No… just leave. That’s the same for the market. Don’t worry about buttoning things up. When the signal goes negative… bail. Leave… don’t wash your hands. Don’t even tell anyone. Go have a drink… the world is burning until the central banks fix it. That’s all. Stay positive, Garrett {NAME} Secretary of Whatever… Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. Under company rules, editors and writers cannot recommend their positions. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.   [Like]( [Comment]( [Restack](   © 2024 Garrett {NAME} 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()