Quote:
Originally Posted by Frequitude
With the exception of for tax purposes or bragging, no it’s not. Investing is about current value, the expected return on that value, and expected future value.
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Right. What did the Flames owners buy the team for? It was $16M in 1980.
Sure, they may have hemorrhaged cash for operations in the meantime but that initial $16M investment has grown!
Brand new teams with nothing are worth $500M.
So they've made some money on their investment. Thats how it works.