You Can't Make Money Trading on the Well-Known Advantages of an Asset!

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I've had people tell me things like, "You can't lose buying real estate in New York: there are so many jobs here!"

Well, everyone knows there are many jobs in New York, so that is already factored into the New York real estate prices. Peter Keating commits this error in regard to buying an NBA team: "But if you were to buy into a league today based on growth potential, the NBA is the game to join."

To back this assertion, he then cites facts that anyone who might buy an NBA team already knows, like: "NBA teams bought since 2010 have increased in value by an annual average of 20.3 percent, versus 17.8 percent for NFL teams."

Comments

  1. Lord7:58 PM

    But you can holding, which is what makes them assets.

    ReplyDelete

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