Radisson Hospitality: Football, Swedish Laws, and Chinese Tourists

This article is authored by MOI Global instructor Matthew Sweeney, founder and managing partner of Laughing Water Capital, based in New York.

“My largest positions are not the ones I think I’m going to make the most money from. My largest positions are the ones I don’t think I’m going to lose money in.” –Joel Greenblatt

In American football, if the defense goes offside and the ball is snapped, the offense gets a “free play.” In other words, if the outcome of the play is positive, the offense receives the benefit, but if the outcome of the play is negative, rather than suffering the consequences of the negative play, the offense is rewarded with a five yard gain, and an additional play. This creates extraordinary skew, in which the offense is incentivized to attempt a play that would normally be high-risk / high-reward, because the high-risk element has been removed from the equation.

I was first introduced to Radisson Hospitality, formerly known as Rezidor, by Brad Hathaway of Farview Capital several month ago.

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