--- title: "Meaning & Key Takeaway of: Murdoch paid too much for the Wall Street…" description: "\"Murdoch paid too much for the Wall Street Journal even when he didn't have any competition.\" — Sumner Redstone" image: "https://sms4smile.com/quotes/i/b8b/sumner-redstone-20883_competition_murdoch-paid-too-much-for-the-wall-stree_3219579.jpg" --- # Murdoch paid too much for the Wall Street Journal even… ![“Murdoch paid too much for the Wall Street Journal even when he didn't have any competition.” quote by Sumner Redstone](https://sms4smile.com/quotes/i/b8b/sumner-redstone-20883_competition_murdoch-paid-too-much-for-the-wall-stree_3219579.jpg) [Download](https://sms4smile.com/quotes/i/b8b/sumner-redstone-20883_competition_murdoch-paid-too-much-for-the-wall-stree_3219579.jpg) [Open image](https://sms4smile.com/quotes/i/b8b/sumner-redstone-20883_competition_murdoch-paid-too-much-for-the-wall-stree_3219579.jpg) > “Murdoch paid too much for the Wall Street Journal even when he didn't have any competition.” [Sumner Redstone](https://sms4smile.com/quotes/author/sumner-redstone/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Highlights overpaying for assets without competition, suggesting poor strategic judgment. **In simple terms:** Paying too much without rivals. Key Takeaway Avoid overpaying without competition. Themes business valuation competition Mood cautious analytical Type critical informative When to use this quote - acquisitions - investment decisions - media ownership Key Concepts strategic risk market dynamics Questions to Reflect On - What factors should guide acquisition pricing? - How does competition affect perceived value? A Different Perspective May overlook long‑term value. ★ ★ ★ ★ ★ No ratings yet [Competition](https://sms4smile.com/quotes/about/competition/) [Journalism](https://sms4smile.com/quotes/about/journalism/) [Streets](https://sms4smile.com/quotes/about/streets/) [Wall](https://sms4smile.com/quotes/about/wall/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) ## Related quotes > [Monica Langley has a great piece in The Wall Street Journal about how they're trying to create different kinds of moments for Donald Trump,…](https://sms4smile.com/quotes/bill-burton/monica-langley-has-a-great-piece-in-the-wall-street-journal-about-how/) [Bill Burton](https://sms4smile.com/quotes/author/bill-burton/) > [OK, so here's the deal. First of all, "The Wall Street Journal" was bought for $5 billion. It's now worth $500 million, OK. 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