Fool Yourself but Don’t Fool Your Family

James had been a fireman in New York and had retired to a small community in North Carolina with his wife when he left work with a disability  in his fifties. For the last ten years he had bought and sold stamps, usually buying low-end, defective remainder lots at auction, culling out the better stamps, selling some things at a few local shows, and building up a very considerable stock in terms of volume. James had meticulously cataloged every stamp in his stock