Framed Ty Cobb Handwritten 1929 Market Crash Stock Advice Letter Written to Christy Walsh

Ty Cobb’s Handwritten Letter: A Glimpse into Financial Wisdom and Baseball Legacy

A Historic Correspondence

In the annals of sports history, few figures are as revered as Ty Cobb. Known for his fierce style of play and remarkable achievements on the baseball field, Cobb’s legacy extends beyond the diamond. This extraordinary two-page handwritten letter, dated December 9, 1929, offers a rare glimpse into Cobb’s astute financial acumen. Addressed to the famed sports agent and author Christy Walsh, who represented legends like Babe Ruth and Lou Gehrig, this letter is a testament to Cobb’s prowess in the stock market.

Financial Insights from a Baseball Icon

Written just weeks after the infamous Stock Market Crash of 1929, Cobb’s letter provides detailed stock market advice to Walsh. Cobb, who became the first millionaire in professional sports primarily through his investments, shares his insights with remarkable clarity. He writes, “Your Bethlehem is good…Gen’l Motors good and only auto stock I would invest in…I like General Foods…US Steel, Coca-Cola…” These words reflect Cobb’s strategic approach to investing, highlighting his preference for stable and promising stocks.

• Investment Strategy: Cobb emphasizes the importance of investing in reliable companies, showcasing his foresight and financial wisdom.
• Historical Context: The letter is penned during a pivotal moment in American history, adding to its significance.
• Personal Touch: Cobb’s candid remarks about borrowing money to invest and his opinion on President Hoover provide a personal dimension to this historic document.

A Legacy Beyond Baseball

Cobb’s financial success is often attributed to his ownership of Coca-Cola shares, a decision that historians credit as a cornerstone of his wealth. Despite his financial acumen, Cobb’s letter reveals a touch of humility as he thanks Walsh for a check, stating, “Thanks for check for I surely can use it.” This juxtaposition of financial success and modesty adds depth to Cobb’s character.

Beyond his financial achievements, Cobb is celebrated for his illustrious baseball career. With a lifetime batting average of .367 and 892 stolen bases, Cobb’s contributions to the sport are unparalleled. His fierce competitiveness and dedication to the game have cemented his status as one of the greatest and most collected baseball players of all time. For those interested in exploring more about such legendary figures, our baseball memorabilia auctions offer a treasure trove of history and nostalgia.

A Philanthropic Heart

In addition to his financial and athletic achievements, Cobb’s philanthropy is noteworthy. He donated a significant portion of his Coca-Cola shares to establish the Ty Cobb Health System, which operates eight full-service hospitals and care facilities throughout Georgia. This act of generosity underscores Cobb’s commitment to giving back to the community, further enhancing his legacy.

This remarkable letter, accompanied by an 8” x 10” photo of Cobb, is framed and matted to measure 33-¼” x 18-½”. It is in EX-NM condition and comes with a full LOA from JSA, making it a prized possession for any collector. For those looking to consign baseball jerseys or explore other sports memorabilia auctions, Grey Flannel Auctions offers unparalleled expertise and a platform to connect with history.

* This text was generated from the original auction listing.