boomboomsroom

One of the many gifts that Boom Boom gave us was the torrent of quips about how one leads one’s life.   He could say so much by saying so little.   A statement at just the right moment resonated in my young, eager eardrums.  How I interpreted or applied it was up to me.  No more words were spoken because no more words were needed.  Today, to kick off 2019 is a personal favorite.

After parking in the spot of his choice came the one mile walk to Tulane Stadium in the New Orleans Saints first years.  Boom Boom was sometimes a buyer and frequently a seller of excess tickets to each home game.  I was but 7,8, and then 9.  I watched.  I listened.  I learned.  He sometimes sold them for more money than other times.  He rarely sold to the first person he encountered.  He always kept the better seats for us.

One Sunday morning early in my tenth year and the Saints fourth year we turned the corner onto Willow St.  The stadium was quite visible a few blocks down.  The crowd, though still somewhat sparse, already had the supply and demand side represented.  He stopped cold.  From his coat pocket came three tickets.  “Son, put this one in your back pocket.  It’s the seat next to me.  Take these two and sell them for us.  I’ll see you in the stadium.”  “Ok,” was the best I could utter.  Quickly he strode into the distance.  I felt alone, all alone.

I bounced from one opportunity to another and then I made the sale.  Excited, eagerly I made my way to the stadium and then to the seat next to dad.  Have your sandwich he said.  “But,” I countered.  “I’m talking to this gentleman next to me son.”

Eventually he turned back to me.  “Well, how did you?”  “I sold them for $4.50 each.  I got $9.00,” I beamed.  He looked at me for what seemed like forever.  “Ok, son, I’m glad you sold them.  But, I don’t think that you got fair market value today.”

Fair.  Market.  Value.   Fair.  Market.  Value.   The words ricocheted around in my cranium like a pinball gone rogue.   I had no idea what those three words strung together meant, but it didn’t sound too good.

I wanted to ask.  He wanted to talk about the soon to start game and all of the strategy that the home team might employ.  And, so we did.

The lesson was more about getting “it” than it was about what “it” was.  Wasn’t it?  I’ve chased Fair Market Value and then some ever since.