Hey Travis, it's great to see you consistently producing valuable, well-informed content for free. I've already learned so much from your videos, and I truly appreciate your effort in creating quality content. I'm totally invested in your channel :) I know you generally strive to stay objective and analytical, which is fantastic. However, with a stock like MGM, I can't help but wonder about your personal stance. I'm curious if you have any ethical concerns or preferences when it comes to investing in industries like gambling, which can be seen as morally ambiguous? How do you balance these considerations with your financial analysis? I'm aware it's a highly complex question but would appreciate your input. Keep up the good work!
Thanks for the kind words. There's areas I don't invest based on moral/preference reasons. Cannabis would be an example of that. I don't generally like drug stocks for the same reason. As far as gambling goes, my view is that the gaming hubs are primarily an entertainment and meeting business. Las Vegas is something like 60% of revenue off the casino floor. I've been to Vegas many times and spend very little gambling. I generally feel less comfortable with DraftKings or FanDuel because they're more interested in problematic gambling (at home with terrible bets like parlays). That said, it's up to everyone to make a decision on where they do/don't draw that line. I hope that helps.
Hey Travis, it's great to see you consistently producing valuable, well-informed content for free. I've already learned so much from your videos, and I truly appreciate your effort in creating quality content. I'm totally invested in your channel :)
I know you generally strive to stay objective and analytical, which is fantastic. However, with a stock like MGM, I can't help but wonder about your personal stance. I'm curious if you have any ethical concerns or preferences when it comes to investing in industries like gambling, which can be seen as morally ambiguous? How do you balance these considerations with your financial analysis?
I'm aware it's a highly complex question but would appreciate your input. Keep up the good work!
Thanks for the kind words.
There's areas I don't invest based on moral/preference reasons. Cannabis would be an example of that. I don't generally like drug stocks for the same reason.
As far as gambling goes, my view is that the gaming hubs are primarily an entertainment and meeting business. Las Vegas is something like 60% of revenue off the casino floor. I've been to Vegas many times and spend very little gambling.
I generally feel less comfortable with DraftKings or FanDuel because they're more interested in problematic gambling (at home with terrible bets like parlays).
That said, it's up to everyone to make a decision on where they do/don't draw that line.
I hope that helps.
@@asymmetricinvesting Thanks for the quick response. Your perspective is valid and I agree - in the end everyone has to draw the line for themselves.
buy more
🎰
I bought in at 41- hopefully i bought at a good price.
lol
I just got in today 37.70
@@SeahawksMonsterSea Yea----I got out a long time ago. 37 is a great price to get in. I wish i can get in but have my money tied up in another play.