Quote:
Originally Posted by cephasjames
Cubs' Tom Ricketts says most revenue goes right back into team
Understanding slightly how business works, I get the plausibility of this argument (as I have seen this very thing with friends who own businesses). But perception says otherwise. And without the owners opening their books, perception is going to win out and people are going to continue to see them as billionaire cash hoarders sitting on piles of gold like Scrooge McDuck.
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Even if what he says is true (which I don't really believe), by owning a business when things go south you have to put more money into it. It's not guaranteed to increase in valuation forever.