VICI - Who Wants To Roll The Dice On These 'Experiential' REITs?
2024-02-24 07:00:00 ET
Summary
- There's a new property sector known as "experiential."
- As part of my job, it's important to "experience the experiential," which simply means I will play a few hands of blackjack and study diversification.
- Heck, even Ben Graham knew a thing or two about the game of roulette.
Artificial intelligence, or AI, is the name of the stock market game these days. Any company that can make the AI label stick has a good shot of seeing outsized gains.
Notice the wording there: "can make the AI label stick." Not "uses AI meaningfully" or "successfully showcases a viable AI product."
There's a lot of hype out there, to say the least. And that euphoria could easily backfire on imprudent investors.
Don't be one of them.
This isn't to say there aren't real opportunities. If I've given the impression that I'm all-in on the old school, I apologize. I'm actually embracing AI and other technological advancements.
I look for companies that are moving with the times and even advancing them. There's no point in denying that the 20th century has come and gone. It's history, including so many of the products it spawned, such as:
- Cassette tapes
- Videotapes
- Floppy disks
- Fax machines
- Rotary phones
- Dial-up modems
- Polaroid cameras.