Much like Julia Roberts in “Pretty Woman,” the cash-strapped New York Times has walked the streets until it found a rich sugar daddy. Or in this case, a papá de azúcar. Mexican Carlos Slim, the world’s second richest man, is about to become $250 million poorer by investing the money in the floundering New York Times.
“By having a stake in the New York Times, he’s basically projecting himself as a powerbroker in this country, regardless of how his investment does,” said Armand Peschard-Sverdrup, a senior associate of the Center For Strategic and International Studies.
In an effort to educate you in the complex world of high finance, we present this video. While you’re watching it, think of the New York Times as Julia Roberts and think of Carlos Slim as Richard Gere. Slim and Gere are both willing to grossly overpay for a common commodity and, as a result, both will get royally screwed. And that, my friends, is what high finance is all about.
Please feel free to nominate IHTM for the Nobel Prize for Economics.
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