Valleywag editor Nick Douglas was called in to CNBC this week to tape some background for a story about "the yacht index" — the quick-and-dirty economic theory by Slate writer Daniel Gross. His article, "The CEO Bought a Yacht? Then it's time to sell," inspired our equally quick-and-dirty chart.

As I told CNBC, I whipped up my article in five minutes. I figured Gross did the same. The man does a great job of taking this seriously on CNBC's On the Money. (In the intro, I'm talking about Larry Ellison, Oracle founder and owner of the world's biggest yacht.)

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It's no Long Tail Theory, but it'll do.

The CEO Bought a Yacht? Then it's time to sell. [Slate]
Earlier: The State of Ships: How yachts kill companies [Valleywag]