AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Roger Mitchell on Investing in Sports Amid the Fourth Turning | #546
The Meb Faber Show - Better Investing
Meritocracy: The Double-Edged Sword of Sports
European sports exemplify total meritocracy, where players can rise through divisions based on performance, leading to opportunities in elite competitions like the Champions League. Success is rewarded with promotion while failure leads to relegation, fostering a competitive environment. However, this system poses financial challenges, revealing a stark contrast with American sports constructs, which do not operate on the same merit-based principles. This duality highlights both the merits of rewarding effort and the vulnerabilities within the business model of sports.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode