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Valuation: Casino stocks acquired clobbered from COVID-19. This is currently an attractive wager
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—Warren Buffett, Fortune, 1999 Few small business models are somewhat more dependable than a casino. Folks really like to bet, and since the house has a statistical edge over its clients in each match it functions, the more people play, the longer the casino gets. Variable in all of the money individuals spend on entertainment and […]
A new fund wants to fix venture capital’s other diversity problem
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Good morning, Broadsheet readers! Ulta Beauty commits $25 million to support Black customers and employees, Dolly Parton reworks ‘9 to 5’ for the Super Bowl, and a new fund tries to solve an old problem. Have a great Wednesday. – VC’s other diversity problem. We often talk about the gap in venture capital funding for […]