Investing in stadium naming rights is not a good hedge fund strategy

The podcast discusses the idea of investing in companies based on stadium naming rights and examines the performance of these stocks compared to broader indexes and ETFs. The experiment involved two hypothetical hedge funds, one investing in purchasing companies and the other in the broader ETFs those companies belonged to. While stocks won four times and ETFs won 14 times, the total return was closer, with the ETF fund having $59,000 and the stock fund having $52,000. It is concluded that investing in stadium naming rights is not a recommended hedge fund strategy.