gambling
Sports betting and gaming company Entain PLC (LON:ENT) is set to invest $133 million in an innovation lab to develop immersive gaming in the metaverse. The initiative, known as Ennovate, will include partners the likes of Verizon Communications Inc (NYSE:VZ), BT Group (LON:BT.A), and Theta Labs. Q4 2021 hedge fund letters, conferences and more Metaverse AmbitionsAs reported by CNBC, gaming company Entain is launching Ennovate, a project conceived to develop immersive gambling and entertainment in the metaverse. The initiative comprises the funding of several start-ups and the development of ap...
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The main aim of gambling is winning money or other material values. The result depends entirely or largely on randomness (lottery, slot machine games, bingo, roulette) and, in some cases, on a combination of strategy and randomness (poker, blackjack, betting/sports betting). Games can provide for both the active participation of the player (card games) and the ability to place a bet on the outcome of an event to which the player is not related (professional athletics, horse racing). In any case, gambling includes three elements: bet, risk, and the opportunity to win. If you want to try your ha...
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Warren Buffett has spoken about gambling from time to time, and he has also warned investors not to treat the stock market like a casino. The Berkshire Hathaway chief is a firm opponent of gambling, sometimes referring to it as “a tax on ignorance.”Q3 2020 hedge fund letters, conferences and moreWhat Warren Buffett says about gamblingIf you look through Buffett's letters to shareholders and review comments he has made at Berkshire Hathaway's annual meeting, it becomes very clear what his thoughts are on gambling. During the conglomerate's 2007 annual meeting, he described gambling as "a tax on...
ValueWalk
Warren Buffett has made no secret about how he feels about gambling, and he especially warns investors against treating the stock market like a massive casino. From time to time, he has warned against taking on margin debt, or buying stocks with borrowed money, and piling on exotic investments.Q3 2020 hedge fund letters, conferences and moreGambling in the stock marketIn an interview with CNBC in February 2018 (via USA Today), he said many people "like to gamble in the stock market." He described such a habit as "insane," adding, "To risk starting all over again and losing everything is madnes...
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