Should You Buy a Newspaper or a Yacht?
CONFIDENTIAL: To a billionaire trying to determine what to do with $250 million in 2013,
That kind of pocket change can buy you a newspaper. And not just any newspaper, but a world-class paper with a wall full of Pulitzers (I remember emerging from the elevator and marveling at it as a summer intern) and decades of experience holding power to account.
Alternatively, $250 million can buy half a superyacht. A yacht is a very big boat.
That newspaper employs hundreds of journalists.





























