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Sports are the last real-time content. Everything else can be paused, skipped, or streamed later. Sports can't.
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We paid what Chelsea was worth to us, not what the market said it was worth.
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The Dodgers were called the most overpaid acquisition in sports history. Now they're worth three times what we paid.
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I don't invest in industries. I invest in great assets that are being undervalued or undermanaged.