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13 Comments – Post Your Own
#1) On February 09, 2009 at 1:17 PM, JGus (29.36) wrote:The lack of recs (if you can call 50+ a lack of them) is because it was posted over the weekend. The reading (and therefore recs) of blogs over the weekend seems to drop significantly. If it's any consolation...I rec'd it!
Report this comment #2) On February 09, 2009 at 1:20 PM, kstarich (96.95) wrote:This video- cracks me up!
Report this comment #3) On February 09, 2009 at 1:42 PM, Tastylunch (29.84) wrote:If you want more recs then don't post on the weekend and don't replace it with a new blog sooner than 48-72 hours. I'm always surprised by how many I'll get in day two. Just a few tricks I've picked up getting recs on mine...
Report this comment #4) On February 09, 2009 at 1:53 PM, EverydayInvestor (< 20) wrote:good thoughts, Tasty. I didn't want to save this, though. No more weekend blogging. The blackmailing and linking to the blog from my Top Fool comment helps, though.
Report this comment #5) On February 09, 2009 at 2:09 PM, Tastylunch (29.84) wrote:The other thing I will do is post mine around 1 am EST when there's less chatter and may pop up in the top5 in the morning when a lot of people check blogs and older popular blogs from the day before start to get cycled out...
forgot to mention that.
The TopFool comment was a brilliant idea on your part. I can't do that though for obvious reasons. :-)
Report this comment #6) On February 09, 2009 at 2:47 PM, SideShowMel0329 (31.11) wrote:I don't buy any actively managed mutual funds. Never have, never will. All of the half-way decent ones are closed to new investors anyway.
Index funds are truly the way to go. Boring, but you'll get your money's worth in the long term.
Report this comment #7) On February 09, 2009 at 2:49 PM, GoodVibe4Ever wrote:EverydayInvestor (100.00) wrote: "ps - I need more recs on my last post or else I will lose my motivation for a followup article. Yay blackmail!"
........
LOL! You are the man. I can't help you there. You got mine already. But I'll pump it on my blog for you. Hey, you should start a referral program. Can I get referral commission? Like 1 rec. back for every 3 I refer. :)
GoodVibe
Report this comment #8) On February 09, 2009 at 2:49 PM, SuperPicks (30.54) wrote:Interesting posting that video, funny because the same exact thing happened to me & the receptionist while in the waiting room at the doctor's office. Those moves are either innate or just part of human nature.
And yes, actively managed funds do not work. Being optimistic, at least 80% of them fail to beat their benchmark IMO. It is amazing how much survivorship bias dominates the world of finance to skew stats.
Report this comment #9) On February 09, 2009 at 2:56 PM, EverydayInvestor (< 20) wrote:Her Morning Elegance by Oren Lavie
Put another HypnoToad up and I'll give you another Rec. :)
Report this comment #11) On February 09, 2009 at 7:51 PM, DemonDoug (99.76) wrote:There is only one actively managed fund I would ever invest in.
That would be the Vanguard Primecap Investor fund. (VPMCX)
As someone else stated, it's closed to new investors. :)
(ps, as of 2/6, VPMCX is up YTD, which would be beating the market by what, 10 points or something?)
Report this comment #12) On February 09, 2009 at 10:25 PM, anchak (99.79) wrote:Some good points about attracting traffic to your blogs...of course using the Top fool msg and tinyurl - was a touch of ....pure sparkle!
Incidentally I agree with Demon's pick of Primecap. It is a great fund
Report this comment #13) On February 10, 2009 at 1:15 PM, Mary953 (65.40) wrote:
Bumped from GoodVibe's post to yours - absolutely worth the rec Sorry that I only have one to give!
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Tonight, a new World Series of Poker champion will be named at the Penn Teller theater in Las Vegas. The highest honor in poker will make a millionaire in a city that’s used to taking fortunes from its customers. But in recent years, the tables have turned and the house’s advantage has been diminished as customers seek a new kind of thrill in Sin City.
The party looks like it’s returned to Vegas, but the gamblers are slower in arriving. We saw it when the Cosmopolitan opened and became the new hot spot on The Strip filling rooms at strong rates and making a killing on food and drinks. But high room rates and popular nightclubs don’t make a profitable resort, gamblers do.
Gamblers a world away
Unlike Macau, where gambling is the focus, the young crowd in Las Vegas is less concerned with playing blackjack than they are with making it to the afternoon pool parties. When Wynn Resorts (Nasdaq: WYNN ) and Melco Crown (Nasdaq: MPEL ) are focusing on maximizing revenue per table and how to compete for junkets, Caesars Entertainment and MGM Resorts (NYSE: MGM ) are trying to get customers just to play at their tables.
Another contributor to the struggles in Las Vegas is that the Asian players who used to travel halfway around the world to play the tables in Las Vegas no longer have to, as the newest casinos are in Singapore and Macau. What’s the draw to the aging Las Vegas Strip?
The party rages on
So while Las Vegas Sands (NYSE: LVS ) , Melco Crown, and Wynn Resorts are counting their winnings in Asia, the Las Vegas-focused operators are struggling to survive. MGM lost $107 million in the third quarter and Caesars Entertainment just announced that it lost $164 million in the quarter. They can continue to point to solid room rates as a sign The Strip is improving, but the fact is that gamblers aren’t coming back. For the past 12 months, gaming revenue is still down, even though the visitors seem to have returned.
It wasn’t the college kids on spring break that built Las Vegas, it was the gamblers who would sit at a table all day. Maybe it’s a changing demographic, the spread of gaming in the U.S., or a bad economy, but those people don’t seem to be visiting quite as often.
It’s too bad, because I enjoyed ogling what those players helped build as I strolled toward one of the city’s growing and less profitable poker rooms.
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