what part of this doesn't idiot Krugman understand ?
Will Amazon’s 10,000 Robot Workers Turn it Into the American Foxconn?
strat, we may have a strike downtown next week. unions want higher benefits, food prices keep rising, visitors spend less, its a tuff time to be a local gamer. gamers being able to refy at super low rates saved many in the industry, even t-pees , aka, indian casinos, coast to coast. super smart guys over leveraged many companies in the space , over built, and almost destroyed the entire city. CZR may still have to reorg again. BUT, the idiots running the show , piling on the debt, ALL great rich, its the americon way !! shameful.
jad, my notebook was stolen, when I read seeking a stories now I have to log in to read page 2, lol, now I know what you mean. i'll be back to normal next week I guess after I get a new one.
rates, must watch tv, is the top in, finally ?
this seeking a you will like.
++ Can't say I miss Iwal, however.++
sadly iwal tortured brig until he passed, I tried to get brig to put him on iggy but he wouldn't , very odd ? That's why I'm so fast to put fruitcakes on iggy, why let odd lot pikers aggravate you, lol. I bet I missed some great bash me posts over the years before buffett finally agreed to split the stock, authorize a buyback, and be more promotional !! btw, I haven't run into lvr in years, I hope he didn't pass ?
1, zero interest rates kill retired people who now get 1-2 % on their savings hence much less disposable income to gamble, eat out , etc. Many friends in the tennis club have gone back to work because they fear out living their nest egg. Younger people don't get the jobs they would have had if retired people stayed retired or retired when they originally planned.
2, we over built in the boom, too many rooms, tables, restaurants , driving down room rates etc.
3. hot money idiots came to town and added TONS of debt aka leverage by over paying and crushed the industry. imagine if interest rates were normal how many BKs there would be ?
4. mgm built a moronic project on the City Center footprint, if REID didn't step in, MGM would have gone BK, murren admits it was that close.
5. 90 % of americans now live within 2 hours of live gaming crack they don't need Vegas to gamble.
6. do you remember our old gaming group from the boards of, mbay,mir,azr,mgm,byd,stn,prmn boards ? we are still in daily contact, as you know brigham aka, bill passed away, but frank fantini now runs a respected daily gaming letter and he stays on top of the space. If not for macau, the entire space would have gone under a scary thought. take care bud.
btw, the slot makers space is even worse, the other players, konomi, aristocrat, wms, bly, all make the same stuff now, its high quality, margins have gone to sheet. reminds me of the old days when mikn and others threatened me to stop outing their problems or they would go after me, lol, now, you hadly ever see a slot machine fail unless its very old. also,many t-pees are under pressure as well.
++ From 2002 to 2012, he gave $3.7 billion, according to foundation disclosures and data from a Gates spokesman. In that same period, he sold an estimated $22 billion in Microsoft stock.++
since you get seeking alpha now, your kind of read, tho you don't play options.
the fund is 74 million as of april, lol, at least the public hasn't lost its mind.
axp, read this bro,its a great read. as you know I think selling puts at all time market highs into a 12 vix is a TERRIBLE idea. aapl may be my last big play in that space unless we see some serious changes in the markets. This fund hvpw is worth watching, HUGE RISK for small expected returns, beautiful.
I hadn't heard about, hvpw. What a time to start a sell puts on high vol stocks fund, yikes ??
thanks, I posted that story last week, buffett loves ibm over brk, I have no idea why ? u would think an expert would have asked about the ibm buy at the meeting, maybe they haven't heard yet ? very odd fellow uncle warren I guess there will be shock in brkville when cloud margins go to kaka.
no wonder the put premiums are so high, no free lunches on wall street.
go figure ?
sean, munger refusing to keep djco in compliance doesn't matter to you ? have u ever sat on the BODS of a public company ? have you read the djco, comment letters ?
and why the bni deal was the most important in brks history. buffett never wanted to be included in the spy index, he never had understood, supply and demand, and still doesn't. This is from a story about aapls recent split and possible inclusion in the dow. I guess this year again not one person thought to ask buffett if he thought a 1 % div yield would increase DEMAND for brkb common ? Not one expert thought to ask buffett if he discussed ibm with Gates before he bought 11 billion ibm over brkb ? Does buffett now think being included in the spy has helped to increase demand for brkb ? I seriously doubt to this day buffett or munger get this concept. Thank goodness buffett did finally understand that the gimmick buyback announcement would goose the stock back above 1.1 xs book in sept 2011 and that he raised the limit to 1.2 xs BV in 2012 to pay an old friend 1.17 xs BV for the estates block after he passed. Without the split and buyback gimmick the foundations would be selling off buffets life's work around 1.1 xs BV and no one would say a word, pathetic ignorance and obedience from the brkville gang. As stubborn as uncle warren is with respect to very basic investing concepts I continue to believe 1.4 xs BV is very fair value while buffett has total control. btw, if I was on the BODS of brk I would make it very simple, munger gets djco in FULL compliance and files ON TIME, or he resigns from brks BODs or I do, end of story. I'm shocked this doesn't disturb buffett who never files late ??
++ Some $1.6 trillion in mutual funds and ETFs track the S&P 500, according to S&P Dow Jones Indices' calculations as of the end of 2013. That compares with just $30 billion that follows the Dow. Put another way, the S&P 500 ties up more than $50 for every $1 that chases the Dow, meaning it matters more to a company's share price to get included in the S&P 500 than the Dow.++