sjh

yesterday i opened an account with one of those betting firms just for this fight. today i am wiring my money (incl. 25% winnings) back to my bank account. :) this firm also gave me a bonus for opening the account. unfortunately this bonus cannot be paid out directly, but can only be used for bets where the odds are above 1.7 (or -142 if i understand the american odds system correctly) they obviously want me to take a lot of risk with that free money (which i don't want 8) ). does anyone know a blog or some other source where smart people are posting about sport events where the odds are massively in ones favor? btw: it is interesting to see that the odds for mayweather went up to 1.28 (28%) directly before the fight. it looks like the bookmakers had to take on some insurace to protect them in case of a mcgregor victory. http://www.oddsshark.com/boxing/floyd-mayweather-vs-conor-mcgregor-boxing-betting-odds-tracker

Austria :)

As I didn't find anything about it via the search function and also it is not the most commonly know book, here is my book recommendation: https://www.amazon.com/Davis-Dynasty-Successful-Investing-Street/ It spans a lot of stock market history and contains some great anecdotes. For example a conversation between Chris Davis and his grandfather Shelby Davis: "I asked my grandfather for a dollar to buy a hotdog. He said 'Do you realize if you invest that dollar wisely it will double every five years? By the time you reach my age, in 50 years, your dollar wil be worth 1024$. Are you so hungry you need to eat a 1000$ hotdog?' I guessed not. In one swoop he taught me three lessons: the value of a dollar, the value of compound interest and the importance of always carrying my own money."

You don't see a low valuation like this very often. However when I had a look at the cashflow statement I was quite disappointed as cash flow is very low compared to earnings. So you really have to trust the CEO that the value on the balance sheet is actually there and will materialize in the future. By reading those reports I don't get the impression that his track record with buying private companies is very good. Maybe he should stick to buying securities.