What is rule #1 in investing according to Warren Buffett? Rule 1: Never lose money.
By following this rule, he has been able to minimize his losses and maximize his returns over time. He emphasizes this so much that he often says, “Rule number 2 is never forget rule number 1".
Singapore dollar’s stellar run seen ending on monetary easing The Singapore dollar’s two-year streak as the top-performing Asian currency is seen ending this year as the nation’s central bank may start loosening its policy as soon as April.
I can assure you Taurx is bigger than influx of Chinese / Indian tourist numbers visiting Singapore / Malaysia or even Chinese officials warning its citizens against gambling touted in this forum! All latter nonsense has minimal impact on Genting!
Posted by choysun > 1 hour ago | Report Abuse Lecanemab! Hahaha ----------
Madhav Thambisetty forgot to add the fact that lecanemab increases NfL + accelerated brain shrinkage. These are very strong indications that the patients' brains are actually degenerating at a faster rate!
The ratings house noted: “We estimate aggregate revenue for Las Vegas’s strip operators will only recover to 90 percent of 2019, by end-2023, and expect Resorts World Las Vegas to reach fully ramped-up EBITDA of US$350 million by end-2024.”
Resorts World Las Vegas (RWLV) has announced its financial results for the three months ended September 30. The company registered $230m revenue, up by 11.7 per cent quarter-to-quarter. EBITDA was $52m, up 52.9 per cent.
Resorts World Las Vegas achieved EBITDA of USD195 million in 2023, if revenue grows by 20% in 2024, then it may well achieve EBITDA of USD350 million in 2024.
But it is still not quite enough to turn in a profit as depreciation charge of USD200m and interest expense of USD230m will drag it into a small pretax loss in 2024.
I estimate that it may turn in a profit in 2025 if revenue continues to grow at 10-20% in 2025.
Expect almost at bottom if <4.70. Prepare your bullets to add for May 1stQ results release. Genting short term share price movement is very difficult to predict, only long term can. Continue to monitor US small bank debt and exposure to commercial property issues
Druckenmiller almost always thinks long term and that’s the open secret behind his success. Earlier this year, in an interview with How Leaders Lead with David Novak, Druckenmiller advised investors never to invest in the present and instead keep the next 18-24 months in mind and try to imagine how the world would be in the future.
Druckenmiller Avoids "Lazy Longs"
Druckenmiller isn’t a huge fan of portfolio diversification. He said during the interview that if you really believe in a company, you’d take “massive” positions in it instead of putting your money in hundreds of companies. He said legendary investors like Warren Buffett, Carl Icahn and George Soros invest in a handful of companies they really like and believe in. Druckenmiller said instead of having “lazy longs” in your portfolio, if you put your money in just a few companies, you won’t get careless in the investing game.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael_chan2022
3,349 posts
Posted by Michael_chan2022 > 2024-03-25 19:16 | Report Abuse
What is rule #1 in investing according to Warren Buffett?
Rule 1: Never lose money.
By following this rule, he has been able to minimize his losses and maximize his returns over time. He emphasizes this so much that he often says, “Rule number 2 is never forget rule number 1".