Note on A Very Chicago Gamble via Patrick McKenzie (patio11)
This is somewhat elementary and handwavy napkin analysis of a complicated business which, like most casinos and hotels, is heavily levered with a complex capital stack. But the investment case gets smothered by a napkin.
Reference
-
Permalink (
2025.NTE.014) - On
- In Notes
- Tagged napkin-math, finance
- From A Very Chicago Gamble
- Edit
| ← Previous | Next → |
| Morning Yoga 🧘 | Note on On Bubble Watch via OaktreeCap |