12-15-2013, 10:55 AM
latest casino project in Las Vegas is going to cost seven billion dollars
. That is an incredible gamble (*1), but there are reasons that investors make it. The first is that in the long run, the house always wins. But the second is equally important: in the short run, anyone can win. If that wasnít true, nobody would go to the casino, and there would be no reason to invest.
Mike Pelfrey, who the Twins will be signing for $11 million over two years, is an investment too.