According to Wikipedia, F. Scott Fitzgerald's short story "The Rich Boy" contains the following: "Let me tell you about the very rich. They are different from you and me." I always thought that the quote was "The rich are different from you and I" but when Wikipedia says I am wrong, I don't question it.
Showing posts with label people with a lot of money. Show all posts
Showing posts with label people with a lot of money. Show all posts
Thursday, July 23, 2015
Thursday, April 17, 2014
A nice return on an investment.
In 1985, former Wisconsin Senator Herb Kohl purchased the Milwaukee Bucks basketball team for $18 million. According to ESPN, Senator Kohl is now selling a majority interest in the team for $550 million. The Bucks had a record of 15-67 this year, which is the worst record of any team in the NBA. I know the value of an NBA franchise is not based entirely on the team's record but one wonders what price Senator Kohl could have gotten for the team if it had been good.
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