mr.checkerboards
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If I can do math:If you ever get rich, go in with a group and buy a large share of a professional sports team. You'll make 6 - 7 times your investment when it sells in 15-20 years
Math is powerIf I can do math:
From February 25, 1989 (the day Jerry bought the Cowboys) to today, the S&P has gone from 287 to 6637, or 23x (not including dividends and/or reinvesting those dividends).
The Cowboys are estimated to currently be worth $12.5B, which given today's news might be conservative. Jerry bought the team for $140m. In 36 years, he's made 89x. Not too shabby.