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Considering it is a private company that operates in the gaming industry I would expect them to hold their cards close to the vest. The best bet would be public comments from gaming partners or employees of partners involved in bookmaking. They presented at the Global Gaming EXPO in October you might be able to find the presentation. Otherwise, I would read up on bookmaking and how bets are priced. There are a only few originators and the rest are copy cats. Once you understand that there isn't much else to know.

https://www.bloomberg.com/quote/FLU:AV

Quiet the first post lol... I don't use TA for individual stocks or the basis for any investment decisions but I do think there is value in TA of the markets for helping to determine opportunities to buy. I have a TA that I've followed for many years. Start every morning with it takes me 5 minutes. Helps to form a view of the market, sectors I may want to look at, when I might have a buying opportunity etc... Side note: Renaissance operates more like a casino than anything else. They found correlations between the market and seemingly unrelated events, like if it was raining on a Friday the market would close down. Noone will be able to replicate that and if/when someone does the opportunity will be gone.

There is so much corruption in horse racing (PEDS, buzzers, other tactics). I would never devote any amount of time to trying to figure it out. I have my one day at the track every year in Toga and that's good enough for me. But if this stuff does interest you I suggest listening to this podcast episode. It will probably make you rethink trying to create any sort of models.

https://acquirersmultiple.com/2023/03/charles-munger-theres-nothing-mysterious-about-great-investing/

If you held 10 securities in an equally-weighted portfolio worth $1,000. You believe those securities have a 55% chance to double and a 45% chance to go bankrupt in one year. The expected value from investing in the portfolio is $100 or a 10% return. Now if you came across an opportunity that had an 80% chance to double and a 20% chance to go bankrupt how much of your portfolio would you invest in that opportunity? This is an extreme example but given the investment options, no one should add the new security at the same weight as the other investments. The caveat is that investors regularly overestimate their edge. What they thought was an 80% probability might only be 60% and resulted in more risk than anticipated.

This really highlights the fiction of GAAP accounting balance sheets for financial institutions. Non-Interest Bearing deposits are extremely valuable given the rate environment but look no different than CDs yielding 2.5% and the issues with AFS/HTM securities are well documented. Would argue that looking at Book Value and Tangible Book Value to identify "cheap" securities only leads to negative selection. Furthermore, banks are punished for growing equity beyond what is required for regulatory capital, which is why you see an increase in dividends and share buybacks.

I am with you in this line of thinking. I think the probability of a recession being avoided or the recession being very mild is being underestimated. The contrarian in me has been brainstorming possible paths. One idea I keep coming back to is the fed keeping interest rates where they are once they think they have "defeated" inflation for an extended period of time. Everyone seems to think they will start to cut immedietly.

There is no one size fits all for position sizing. Risk tolerance, ability to take risk, goals in investing, and confidence in your analysis all play a part. When I first started investing I believed in being concentrated and I figured being fully invested would look like 10 positions at 10%. Problem is when you first start investing If you are maxing out IRA contributions you are doubling your account in year 2, 50% year 3, etc... and a position you hold when you make contributions might not always be a buy when you have cash available. I ended up owning 3 stocks up until I had 50k and I would have been comfortable with 1. I'm now fully invested owning 5 names. This works for me because I have a high risk tolerance, high ability to to take risk, and my goals are to outperform the market, which can be done by being different and taking concentrated positions. That being said what works for me might not work for you or anyone else. Position sizing is more of an artwork than a science IMO. I think the most important thing is that you are comfortable. If your losing sleep over a large position because it is declining than the position is too big.

My friend group is really into board games as well. Outside of Catan and Ticket to Ride one of our favorites is Coup. Throw Throw Burrito, Secret Hitler, and Wingspan are a few others. We actually found Coup on Kickstarter and has actually been a very good source for new board games.

I got on the mailing list as an interested party some time ago. CRS - As spek pointed out OTC's are going to have short annuals because of the lack of disclosures I don't think short necessarily means easier. If you want practice with valuations/financials you should pick a few different companies go back and read old 10-ks come up with a valuation then see how your analysis played out. From there you can look for opportunities in the market.

Full Annual Report.pdf Not an endorsement but this one is short. I have shorter ones but they are in a 4-10 page booklet so its not easy to scan. Is this for a teaching lesson or investment ideas?

What makes you think twitter can successfully monitize their platform? By succesfully I mean as efficient and profitable as Google and FB. SNAP is interesting in this space... suprisingly they are best at driving app downloads but the ability of FB to copy all of their inovative features scares me off.

I've been watching Dopesick on Hulu and the new season of Succession. Highly recommend Dopesick.

My lease ended May 2021. I stayed all through the pandemic and I had a bit of FOMO from my friends who left. They got Airbnbs for months in various different places. Figured this was my last chance to do it for myself before I got pulled back into the office. I went out to Colorado for 2 months and then was busy with weddings and birthday parties when we got back August 1st. Starting looking for an apartment August 14 and its been hell. Very little inventory. I've seen probably 30 apartments last 2 weeks and I'm picking from the scaps. Leasing agents at the buldings have said things are slow, not because noone wants to rent but because they only have a handful of places left. When I left prices were about 10-20% lower than pre covid levels depending on the neighborhood and 2 months free at most places was common. Now prices are back to or above pre-covid levels and most places are offering 0 concessions. They give the "we are paying for the broker fee so there are no concession" response and IMO that is BS. Especially if you are looking to sign a multi-year lease. Turn around is quick I saw 5 apartments last week that were only on the market for 24 hours. Can't wait for this nightmare to be over.....