Blog

The Cavs beat the best

Maybe God was compensating Cleveland for having to host the Republican/Trump Convention.

Just kidding.

The Cleveland Cavaliers overcame a 3-1 deficit in the NBA Finals – the first team to do so – to take the championship from the vaunted Golden State Warriors 93-89. Native son LeBron James was named MVP and will most certainly draw the largest cheers when the team is feted with a parade Wednesday.

As I’ve written in a previous post, the only thing as fascinating as a triumphant underdog is a flawed winner. The Warriors won 73 games in the regular season. Their star, Stephen Curry, was the regular-season MVP. They were a lock, particularly early on in the championship series. ...

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The Clippers deal and what the market will bear

Why is everybody up in arms about sports nut Steve Ballmer buying the Los Angeles Clippers for $2 billion?The team, people say, is worth $750 million at best. It’s all about the television rights jacking up the price in the second biggest market, others say.

I say it’s only about one thing – what the market will bear. It’s like the art market. (Or the stock market.) You pay $95 million for a Van Gogh, it’s worth $95 million. Now is a Van Gogh worth $95 million? Actually, I’d have to say that since he was a great artist – a great dead artist who can’t make any more paintings – then a Van Gogh is priceless. But we don’t live in a world of aesthetics. We live in a world of insurance policies – so much if your roof is damaged, so much if your windshield is cracked. Everything has its price, which is not the same as its value.

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