CME - CME Group: Buying 'The House' Proves A Winning Strategy

2024-02-14 17:39:38 ET

Summary

• CME Group is a Chicago-based company with a strong business model that operates major exchanges and offers risk management solutions.
• The company reported impressive financial growth in 2023, with revenue increasing by 11% and adjusted net income growing by 17%.
• Despite global uncertainties, CME Group remains optimistic about its outlook and expects continued demand for its products as essential risk management tools.

Introduction

Last weekend, it was the first time I watched a Super Bowl without betting some money, as I decided to completely quit sports betting.

Don't get me wrong, I wasn't addicted. I always bet very small amounts, as I liked researching sports teams and wanted to see if I could beat "the house."

The reason I stopped is because I figured I wasted too much time. Although I did manage to make money over the past few years, I lost interest because it simply required too much time....

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