“Price is what you pay. Value is what you get,” the great Warren Buffet said.
Who doesn’t know the all-time great investor? Much like Mr Buffett’s expansive investment business, the grand Indian Premier League (IPL) runs on the philosophy of investments. Franchises, notably corporates and high net worth individuals (HNWIs), pump in their money to build portfolios (teams) that they expect will give them handsome returns—qualify for the playoffs or emerge as champions—in a fiercely competitive market (tournament).
