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Motley Fool Hidden Gems Investing

We Like Cannibals*

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 31 October 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

*Specifically, we like share cannibals. Motley Fool Money proudly stands against human cannibalism.  (0:21) Ricky Mulvey and Jim Gillies discuss: - Economic takeaways from a trip to Las Vegas. - Share buybacks gone wrong. - An airplane leasing company that may be taking itself private. Plus, (17:30) Alison Southwick and Robert Brokamp celebrate Halloween and discuss some financial horror stories. Companies discussed: AAPL, EBAY, SNBR, AER Link to “Financial Horror Stories Vol. 2, Scary Scams”: https://www.fool.com/podcasts/rule-breaker-investing/2023-10-18-financial-horror-stories-vol-2/ Link to Motley Fool message boards: https://community.fool.com/ Hosts: Ricky Mulvey, Alison Southwick Guests: Jim Gillies, Robert Brokamp Producer: Mary Long Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Happy Halloween! Watch out for cannibals. You're listening to Motley Fool Money.

0:20.8

I'm Ricky Maldi, joint today by Jim Gilley's Gym. Good to see ya!

0:25.0

It's good to be seen, Ricky.

0:26.8

You know, we're going to keep it a little later on Halloween. You just got back from Las Vegas,

0:30.5

so you see anything weird out there?

0:33.9

What was it weird out there? Yeah, Vegas. This was my first time going to Vegas where I wasn't working.

0:40.6

So in the past, when I've gone to Vegas, it's been like, you know, maximum 48 hours, usually less,

0:47.8

you know, occasionally less than 24. Fly in, go give a talk talk in a hotel conference room.

0:55.2

Maybe they buy you dinner. Hopefully they buy you a cab back to the airport. You fly out.

1:00.4

So this is the first time I've actually gone and experienced Vegas. And yes, the whole...

1:04.3

The one thing that struck me was the sheer amount of raw naked capitalism flowing through that city.

1:12.0

And I was with my significant other, who last time she was there was 23 years ago, and she was

1:19.1

commenting constantly how it has grown from then. And she says, I thought it was pretty crazy then.

1:25.2

My inner, hard-charging capitalist was very impressed by the price of everything and how everyone

1:32.9

was willingly paying it out. If you are gauging the American economy for signs of recession,

1:39.6

do not go to Vegas. As much as I like paying for $23 cocktails and 95 to $100 filet mignons,

1:48.5

I am happy to have at least spent a few days out of the Grand Canyon Hoover Dam and I'm now safely

1:54.1

back home. Wait, you said you were impressed by the price of things. It was, it's not cheap,

2:00.4

like very expensive. Yes, extremely expensive. And from what I understand, that's not usually the way

2:06.5

it used to be. You know, you went to Vegas and everything was super cheap. Yeah, no, they have

2:12.0

decided that making money from gaming, although of course they've also changed the odds on some

2:17.3

of their gaming stuff to favor them. So, you know, there's no $10 blackjack on the strip anymore.

...

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