NEW INTERVIEW: Accenture: Culture of Client-Centricity
"The only way you can consistently bring clients value is by self-disrupting and subordinating your own peace of mind and internal stability to the well-being of your client."
New Research on Evolution Gaming's Asia and Crypto Risk $EVO
We’ve followed EVO closely since 2019, including throughout 2021. This work doesn't rehash old risks.
We believe we've uncovered various potential significant risks to its unregulated Asia business:
Firstly, our research suggests crypto provides the critical infrastructure to ~50% of EVO’s EBITDA
~30% of unregulated GGR is driven by crypto gambling but the significant majority of GGR touches crypto to facilitate deposits, transfer payments, and hide gambling
crypto isn't discussed once in EVO filings
While bulls argue $EVO is diversified by end market in Asia, our research suggests the distribution channel to get there is highly concentrated
A few reflections on the Berkshire Annual Meeting..
1) The two words Buffett mentioned the most were 'partners' and 'owners'
$BRK
2) This comment was also interesting
“If I were to do this all again, I’d do exactly the same thing: I’d go to individuals and earn their trust"
"Trust is relational, and flourishes through a set of aligned values. It is far simpler to build trust with an individual than with an institution. The corporation is effectively an intermediary between a personal relationship of two individuals"