What's up guys welcome back to clear the cash I'm your host Nate list you can find me on Twitter at an outrage you and with me of course is Mr. Jesse

you can find him on Twitter at planet underscore fatness Jesse another gap in recording I heard it from everybody they let me know they're like where's clear the cash I said look guys it's coming back it's coming back better than ever we've got actual football going on right now but it would be a mistake on our behalf if we didn't acknowledge the elephant in the room which is comments made by Michael Rubin recently the CEO

fanatics went on CNBC and he had something to say so Michael Rubin as you guys might know is the CEO of fanatics and very large investor into the CSG grading company he went on CNBC I think it was like some midday I don't really watch CNBC or like Fox Business or whatever

but it was some some midday show probably in within the last week or two and you know it was a very very quick hitting interview and it was strictly they were talking strictly about the vision that fanatics has for the sports card industry and ever ever since they bought the licenses and you know even even the host of the show said listen Michael you cut tops at the knees tops of the tops of in business cards have been like this for like you know since the 50s

so you guys you guys are messing around there so he kind of wanted to go into a soft process and what he was seeing and what he's thinking for the card industry moving forward so you know some of this is a direct quote and some some I'll just kind of paraphrase and give give some my own analyses so Michael Rubin goes on to say the collector experience is pretty brutal today

you need to buy primary cards with so many people in the middle of it you buy your primary cards then you sell your secondary cards somewhere else you get them graded with another party you need to store them somewhere else if not your house

first of all Nate what's a primary card and what's a secondary card what the fuck are I was just going to ask you this I don't know what a primary or secondary card is what he's saying it like it's called knowledge

that's like strike one or maybe like maybe strike two after maybe his first sentence where I understand what he's trying to say he's saying like cards in the primary market so primary market is as if you're buying you're buying the card from the manufacturer

themselves so let's say you go on pinini and buy like a redemption pack or something or redemption or whatever a card directly from pinini

and the secondary market is a card being like a pack or a box or an individual card whatever being sold from pinini to a card shop or to a dealer and an dealer or a card shop sells that card to you

so I get what he's saying but I've never heard the use the term primary card or secondary card ever using the hobby okay

then he goes on to say a direct to a direct to consumer model would improve the collector's experience and then he also goes on to explain or to compare what fanatics does with merchandising is how collectors can expect fanatics to handle cards and he uses the direct to consumer phrase about like three to four more times in the interview

not only have they cut off tops and potentially pinini at the knees but they're looking to do the same with card shops breakers and other resellers and distributors

some of my thoughts on on what was said that's kind like you guys can look up this if you type in Michael Michael Rubin fanatics CNBC on YouTube it's probably going to be within the first two or three videos you see on it

if you guys want to listen to yourself but that's basically the gist of the interview so I don't disagree with him when he says that inefficiencies exist within the card market and how

individual like buyers and hobbyists are able to acquire product themselves especially like modern day product from panini and tops

but it sounds like what he's saying in these comments is what investors want to hear so this is like this is money for like to their ears or this is like music to their ears

whatever money music whatever to fanatics investors ears when he's saying stuff like all we're going to revolutionize this

we're going to make you know direct to consumer market you're going to make stuff so readily so readily available to the consumer it's not even funny

but it doesn't sound very cons the not consumer friendly very collector friendly when he's calling the hobby experience pretty brutal today

like does this guy not realize that we're probably in the biggest sports card boom of all time it might not be the biggest ever but it's the biggest we've ever seen in the history of cards

and cards have been around since the 1800s I don't think he sounds super educated in the hobby I think he realizes that there is money to be made even with the amount of money that has been spent over the last couple of years

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