BUY HIGH, SELL HIGHER: TEAMS MAKE GREAT INVESTMENTS
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).