{"id":2272,"date":"2012-01-26T12:00:49","date_gmt":"2012-01-26T17:00:49","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=2272"},"modified":"2012-12-29T06:19:03","modified_gmt":"2012-12-29T11:19:03","slug":"the-fate-that-befalls-those-who-name-stadiums-after-themselves","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2012\/the-fate-that-befalls-those-who-name-stadiums-after-themselves\/","title":{"rendered":"The Fate that Befalls those who Name Stadiums after Themselves"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/01\/012312_0017_TheFatethat1.png\" \/><\/p>\n<p>In <a href=\"http:\/\/www.amazon.com\/Practical-Speculation-Victor-Niederhoffer\/dp\/0471443069\"><em>Practical Speculation<\/em><\/a>, Niederhoffer finds an interesting relationship between companies that name stadiums after themselves and their subsequent performance. <a href=\"http:\/\/www.businessinsider.com\/the-enron-field-curse-why-you-should-steer-clear-of-companies-that-put-their-name-on-stadium-2012-1?op=1\"><em>Business Insider<\/em><\/a> reports:<\/p>\n<ul>\n<li>Between 1990 and 2001 Companies that bought the naming rights to stadiums trailed the S&amp;P 500 by a median of -8% in the year they named the stadium and a median of -27% three years later<\/li>\n<li>The most notable example is Enron which purchased the Enron field in 2000. The infamous company went bankrupt two years later.<\/li>\n<li>The author of the study suggested that this was because: &#8220;Corporations are beset by the same harmful tendencies as investors. When they are at their peak, they reach for the sun.&#8221; (Meaning that it operates on the same principle as the one that might define the relationship between <a href=\"http:\/\/www.centives.net\/S\/2012\/strong-correlation-between-skyscrapers-and-financial-crashes\/\">skyscrapers and financial crashes<\/a> )<\/li>\n<\/ul>\n<p>To view a slideshow describing what happened to each company that opted to name a stadium after themselves in the 90s click <a href=\"http:\/\/www.businessinsider.com\/the-enron-field-curse-why-you-should-steer-clear-of-companies-that-put-their-name-on-stadium-2012-1?op=1\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.businessinsider.com\/the-enron-field-curse-why-you-should-steer-clear-of-companies-that-put-their-name-on-stadium-2012-1?op=1\">Business Insider<\/a><\/p>\n<p>Via: <a href=\"http:\/\/www.newmarksdoor.com\/mainblog\/2012\/01\/why-you-should-avoid-companies-that-put-their-name-on-a-stadium.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+NewmarksDoor+%28Newmark%27s+Door%29&amp;utm_content=Netvibes\">Newmark&#8217;s Door<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Practical Speculation, Niederhoffer finds an interesting relationship between companies that name stadiums after themselves and their subsequent performance. Business Insider reports: Between 1990 and 2001 Companies that bought the naming rights to stadiums trailed the S&amp;P 500 by a median of -8% in the year they named the stadium and a median of -27% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,41],"tags":[],"class_list":["post-2272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin","category-signature"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/01\/012312_0017_TheFatethat1.png","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=2272"}],"version-history":[{"count":5,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2272\/revisions"}],"predecessor-version":[{"id":7502,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2272\/revisions\/7502"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/2271"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=2272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=2272"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=2272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}