Is owning a sports franchise bad business? Should it be? That's the provocative question the always-provocative Malcolm Gladwell asks. Of course, I've always thought any sports franchise owner who expects to make a profit - who things, in fact, that a profit should be guaranteed - is not only insane, but is probably doing pretty well feeding at the public trough.
As a side thought, I was listening to someone talking to Jason Lewis about the scam that is higher education today, and how the whole college thing has been perverted into being something that people have to have just to get the most menial work. Fact is, not everyone ought to go to college, and there should be plenty of jobs that don't require a college degree. And this links to my first paragraph how? Well, substitute "life" for "owning a sports franchise" and you get your answer.
Life can't be measured purely in terms of profit and loss. Sometimes there are things in life - such as the old-fashioned liberal arts degree - that only give you what Gladwell called the "psychic" gain. In other words, they don't necessarily make you richer, but they do help make you more well-rounded. And that's a different kind of wealth altogether. ◙