“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. I'd be interested if the stock pulls back and will watch it closely over the next few quarters.”
“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 that's only a concern for the short term.”
“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.”
“I certainly resigned on my own volition without notice, ... I can say that I certainly didn't leave specifically for the purpose of setting up my own adviser.”
“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.”
“We've often been asked about sex-related industry -- pornography. There are not great stocks and great corporations to invest in [within] that industry. Maybe they don't want people looking at their books, maybe they're not solid financially,”
