In January, the Washington Nationals made the biggest investment ever in a free-agent pitcher, signing former Detroit Tigers ace Max Scherzer to a seven-year, $210 million contract. Betting nine figures on a Cy Young Award winner is a lot different from investing in Apple stock or T-bills—Apple’s earnings may disappoint, but the company will never blow out an elbow. On the other hand, there’s only one Max Scherzer, and every team would love to have him. Adding him has made the Nationals preseason favorites to win the World Series.
Bloomberg
No comments:
Post a Comment