“I have all the faith in the world in Steve Wynn, ... But a possible downside is the sky-high expectations that the company has to live up to. Id be interested if the stock pulls back and will watch it closely over the next few quarters.”
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“The overall industry is a boom industry. It has demographics and favorable growth prospects on its side, ... Valuations may get ahead of themselves sometimes but thats only a concern for the short term.”
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“Anybody that doesnt like this industry is a fool thats not up to date on what teens and young adults are buying these days.”
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“The gains over the past year have been exceptional, and no one should consider them continuing at quite that rate. That being said, I think that gaming in particular does have continuing upside potential because of pure supply and demand factors.”
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“I certainly resigned on my own volition without notice, ... I can say that I certainly didnt leave specifically for the purpose of setting up my own adviser.”
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“I believe that I am recognized as an expert in these various industries, ... Investing in Vice, The Recession-Proof Portfolio of Booze, Bets, Bombs and Butts.”
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“Were more than happy to profit from short-term fluctuations, and we think this mornings dramatic drop is very short-term,”
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“People are going to continue to drink. Theyre going to continue to smoke. Theyre going to continue to gamble.”
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“Theres always going to be short-term fluctuations. But we think theyre going to do well in all types of markets.”
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“Weve often been asked about sex-related industry -- pornography. There are not great stocks and great corporations to invest in [within] that industry. Maybe they dont want people looking at their books, maybe theyre not solid financially,”
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“Creamy Good, Chunky Bad.”
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