Comments by "" (@ronjon7942) on "Why Sports Team Owners Are The Greatest Fools" video.

  1. The greater fool theory - I used this when buying, then selling our 26’ sailboat! Fortunately for middle class us, we were talking only $thousands, and we sold it ten years later for maybe a little more than what we paid for it, when we found a greater fool. Sigh, 20 years later, I miss that boat, so maybe someday soon I’ll be someone else’s greater fool.
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  2. Regarding the sky high valuations, is there any similarity between how much a sports team is worth vs. some tech company that seemed crazily overvalued, like say, WeWork?
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