My old friend, I wonder where this idea comes from.
You don't become a multi-billionaire in real estate by keeping overhead low. You do it by understanding when to invest for outsized returns.
Consider the fact that SK is paying the bill for his grandiose stadium. He is NOT asking for that bill to be paid by tax payers. Why? Because he is such a nice guy?
No, because his calculus tells him he can leverage several billion into enormous profits if he pays it all himself. Investment.
This is why I never for the life of me understood why people felt Fisher would still be with us next year. Whatever the extension $ was was, indeed, pocket change. He is laying the investment foundation for a vast real estate and media empire. At the core of that empire, he needs a competitive team. The cost of changing coaches is nothing in that calculus.
I dunno. I guess we see this stuff pretty differently. I don't think much of wealthy people either, but I do think they generally understand when to invest money for a big return.