In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Ergen wants out of subscription television, because he understands TV is dead. I think Charlie believes traditional television will soon no longer attract enough subscribers to be a profitable business.
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All of these investments are real risky and you’ll probably lose money but you never know. As Benjamin Graham liked to point out Mr. Market is completely insane and he often rewards off the wall investors while punishing conventional thinkers severely.
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