David Walton makes the case for taking the long view on Europe (for both investments and Spanish football giants)
Spanish football has been dominated by Real Madrid and Barcelona for as long as anyone can recall. Other teams have tasted significant success – Athletic Bilbao, Atlético Madrid, Real Sociedad, even Deportivo de La Coruña – but the narrative has traditionally revolved around these two titans. Their dominance is such that any slip-up is customarily treated as nothing short of a disaster. Draws are regarded as ruinous, while defeats are akin to the end of life as we know it. In effect, short-term stumbles are allowed to completely obscure long-term prospects. There is a lesson here for...
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