Socially Responsible Approach to Gambling
“Residual value games” are an enlightened form of gambling, in the sense that they preserve the fun and hope part of gambling, but through a kind of built-in forced savings/mechanism. They replace the impoverishing effect with a wealth-building effect.
A gambler pays one dollar for a lottery ticket, even though its expected payout is, let us say, only 50 cents. He does this not out of stupidity or ignorance, but because the variable he is interested in optimising is maximum payout, not expected payout. His utility function is non-linear, probably not even continuous
Music Fund - Institutional Class
• Model: when compared to major labels - structured to afford improved cost management
Actively develops and invests in UK talent - taps into all available revenue streams: recording, publishing, live, merchandising, branding sectors and other non-traditional revenues - as opposed to those derived solely from recording revenues
Expertise on aviation leasing
• Strong coupons / strong IRRs (20%+) for robust asset backed financing
Pricng: unlikely to see an increase in aircraft prices. They have reached a peak in the cycle - one will see a drop off in all aircraft values over next 24 months - some more than others
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