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Sports are the last real-time content. Everything else can be paused, skipped, or streamed later. Sports can't.

investingmedia— Sun Valley Conference, 2022
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We paid what Chelsea was worth to us, not what the market said it was worth.

convictioninvesting— Financial Times Interview, 2022
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The Dodgers were called the most overpaid acquisition in sports history. Now they're worth three times what we paid.

investingpatience— Bloomberg Interview, 2023
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I don't invest in industries. I invest in great assets that are being undervalued or undermanaged.

investingstrategy— Milken Institute Conference, 2023
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In sports and entertainment, emotional connection is the moat. No algorithm can replicate it.

mediamoats— Interview, 2023