Earning Money On Coins

I agree. You need a fairly extensive knowledge of coins in order not to pay more than you should. You need to know a lot before making a bet otherwise you will lose money. In any case, every year you become more and more knowledgeable in the field of numismatics. It seems to me that narrow specialization limits you. You are either an expert in a very narrow field and people are coming to you and thus you can demand payment for your knowledge, but most dealers are trying to cover as much area as possible.

@Pacificoin Both are needed to be successful, deep industry/coin knowledge and astute business savvy. Luckily, both can be learned, but would need to be learned quickly, and honed over a lifetime. Aside from that, a whole lot of hard work and a little bit of luck.

This reminds me of something of a "joke" I heard. It goes something like this:

Interviewer: How did you become so successful?
CEO: By making the right decisions.

Interviewer: How do you make the right decisions?
CEO: By having experience.

Interviewer: How do you get experience?
CEO: By making the wrong decisions.

So there you have it.

It was a joke. My life of crime was a long time ago. I am a new man now. How can you condemn someone someone who has changed his ways and became a better person through numismatics?