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BUY HIGH, SELL HIGHER: TEAMS MAKE GREAT INVESTMENTS
Published September 16, 1994
Professional sports teams have a payoff 65 percent higher than blue chip stocks according to FINANCIAL WORLD magazine. According to Paul Tharp in this morning's N.Y. POST, FW "put together a 'portfolio' composed of the last 13 sports teams sold over the last decade....[and] compared the values of those 13 teams to the value of stocks in the S&P 500 over the same period." Paul Brown, FW Managing Editor: "Come rain or come shine or strikes, the price of professional sports teams rises on average 15 percent annually. ... As a portfolio, the teams had a price appreciation 65 percent higher than the price performance of the S&P over the same period" (Paul Tharp, N.Y. POST, 9/16).