kab60

Is anyone taking a look at these? While not exactly value stocks, most casinos on Macua have dropped almost 50 pct. this year. The main driver is president Xi Jinping and his crackdown on corruption. Basically, Macau is the only place in China where Casinos are allowed (and only 6 operators have licenses, I believe). In a couple of years there'll be a highspeed train that will connect it to the mainland. A company like Galaxy Entertainment Group Ltd has showed crazy growth (like most on Macau), even though it has slowed down this year due to a number of factors; Jinping, world championsship of soccer in the summer, a smoking ban, new visa and credit card rule, demonstrators (rightfully, I'm sure) demanding higher wages etc. Basically, pretty much everything has gone the wrong way for Macau casinos this year which is why I find the valuation interesting at the moment. A company like Galaxy funds a couple of huge news hotels solely with the cashflow from the existing business on Macau, so they know how to generate money. From my understanding, Chinese love to gamble, and corruption or not - I'm pretty sure it'll continue to stay that way. And I like the numbers even though competition will pick up with more hotels underway: 50 pct. revenue growh (3 year) and 122,4 pct. income growth (3 year) for Galaxy. Xi Jinping is visiting Macua these days, and the stocks just took another big hit today. I was just wondering if anyone else was having a look at these stocks at the moment (or have some general input as to why casinos might/might not be intestering to invest in).

I'm not reading his post as if it has anything to do about prestige - if that's the case, then I agree. I think it's more a feeling about not really using your full potentiel, and that's a different story, I'd say. He also writes that he actually has a great deal of experience with the colleagues he might get at the new place, so I don't think it sounds like trying to reach perfection or that the expectations are unrealistic. Yes, perfection will never happen, but there are places to work that makes you a lot happier than others.

I think you need to go. While you say the current job is rewarding, because you're helping a very poor population, don't underestimate the toll it takes to work with incompetent people or people without drive and motivation (not saying that's the case, but bluntly speaking). You need brilliant people around you to reach your full potential yourself and figure out how far you're able to take it. It sounds like not going would risk haunting you for the rest of your life - unless you have a chance to materially change things where you're at. And it is quiet challenging to change structures and system; espescially something as big and complex as a hospital, I'd think. Kids adapt, and if everything turns to shit at the new place, I'm sure you'd be able to come back to where you're at now - even though I don't think that's likely to happen? To keep it a bit investor'ish, Buffett says something about a baseball bat and not necessarily having to hit every home run. But you do need to grab things when they go your way, and it sounds like the job you've been offered would be great. I'm sure your family will feel the joy it gives you as well. And in regards to your wife; if she's liked by her current colleagues, I'm sure she'll be liked by her new ones as well. Likeable characters have a way of being liked everywhere. :)