Posted inTop 5

The Top 5 Longreads of the Week

Below, our favorite stories of the week. Kindle users, you can also get them as a Readlist. Sign up to receive this list free every Friday in your inbox. * * * 1. A Bitter End Emily Guendelsberger | Philadelphia City Paper | June 26, 2014 | 50 minutes (12,732 words) A daughter gets caught […]

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Posted inUncategorized

Why Owning an NBA Team is Like Having a House on the Best Beach in the World

Last year the Milwaukee Bucks were purchased by two hedge-fund billionaires for $550 million. In a piece for Grantland, Bill Simmons tried to nail down what exactly drives the super rich to acquire NBA teams, a purchase that—at least by the numbers—is often a pretty lousy investment. Simmons concluded that for many owners, exclusivity and prestige outweigh straight number crunching: “You can’t […]

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