WYNN is a preferred holding due to its high-end business model that captures massive spending from ultra-wealthy gamblers, requiring few customers for significant profit.

I love a company like RH. And the reason I do, right? In a business model like an RH is if you know me, you know I really like to bet on the high-end companies, right? So, if you know me, you know I've always loved Wynn Resorts.

It's a company I own. It's not a stock I own in the public account, but it is a stock I own in other portfolios including, I believe I own Wynn Resorts a pretty significant position in the Patreon portfolio, right? As well as private portfolios.

I like betting on the high end, right? And it's really the only time I like to bet on niche market is if I'm betting super high end company, right? So, think of it like this, right?

A company like Wynn, they have these amazing resorts and their resorts really attract the top 10% of wealth, the top 10% of like, you know, big money folks, right?

A company like Wynn on the other hand, guy can come in a Wynn and lose two $2 million in a weekend, one customer, because they have big money people, billionaires come to gamble at Wynn Resorts.

People with $100 million plus net worth come to come to gamble at Wynn Resorts. Millionaires, multi-millionaires, right? So, a guy with a $900 million net worth can easily go blow $2 million in a weekend gambling at the Wynn, right?

And for him, it's just not much, the same way, you know, somebody that's, you know, works for 50k a year comes and spends $200 at, I don't know, Caesar's Palace or the Rio or whatever property, right?

So, that's what's amazing about the business model. One customer, you can make $2 million or 10,000 customers, you can make $2 million, right? I like to deal with companies that need one customer and they can make $2 million, right?