Warren Buffett is interested in investing in the Cubs

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As we noted yesterday, the Cubs are seeking minority investors in order to help fund the renovations to Wrigley Field and the development of the neighborhood around the ballpark. One potential investor? The most famous investor of them all:

Warren Buffett, the world’s fourth-richest person, is interested in investing in the Chicago Cubs, according to a source who traded candor for anonymity . . . The Ricketts family hails from Omaha, the same city that is home to Buffett’s holding company, Berkshire Hathaway .

Buffett has baseball ownership experience. Or at least investing experience, as he owned a minority share of the Omaha Triple-A team, so it’s not totally foreign territory for him.

It would be interesting, though, as being a minority shareholder in a closely held baseball team like the Cubs would give him little if any say in how the asset is managed. In a lot of ways doing that is a vanity investment, and Buffet is a lot of things, but a vanity investor is not one of them.

Video: Starling Marte refuses to take first base after being hit by pitch

Tim Warner/Getty Images
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Pirates outfielder Starling Marte was hit on the hand by a Jack Flaherty pitch in the fourth inning of Tuesday night’s game against the Cardinals. Rather than take first base, Marte — who came to the plate with a runner on first base — insisted to home plate umpire Bruce Dreckman that the ball hit the knob of the bat, not his hand. Marte was allowed to continue his at-bat, though manager Clint Hurdle came out to discuss the ruling with Dreckman. Marte eventually grounded into a fielder’s choice. He then got caught attempting to steal second base and the Pirates scored zero runs in the inning.

According to Baseball Prospectus, a team that has runners on first and second with no outs is expected to score 1.55 runs. Having a runner on first base with one out yields 0.56 expected runs. Marte essentially cost his team a run by rejecting first base. Oops.