I still get goose bumps when I recall the first time I saw them live. The year was 1987. I was 10 years old, and a buddy of mine — whose father had season tickets to the Chicago Bulls — asked me if I wanted to go to a game. “Heck yeah!” I replied. #-ad_banner-#The fans… the atmosphere… the scale and intensity of Chicago Stadium blew me away. But now, looking back 28 years later, I realize it was one of my first lessons in investing. And if… Read More
I still get goose bumps when I recall the first time I saw them live. The year was 1987. I was 10 years old, and a buddy of mine — whose father had season tickets to the Chicago Bulls — asked me if I wanted to go to a game. “Heck yeah!” I replied. #-ad_banner-#The fans… the atmosphere… the scale and intensity of Chicago Stadium blew me away. But now, looking back 28 years later, I realize it was one of my first lessons in investing. And if you’ve ever been to a professional sporting event, then you too have witnessed the secret behind some of the most consistently profitable businesses in the world. It’s the reason some investments can shower you with wealth for the long haul, while knockoff competitors come and go. It’s a simple secret, but if you understand it you’ll know how to find the best values in any industry. Professional sports teams are what I like to call “irreplaceable assets.” You can’t simply come along and create it from scratch. A cheap knockoff can’t be developed in… Read More