Michael Burry Buys Betting Companies

Michael Burry 買入博彩公司股份


Introduction

Michael Burry is a famous investor. He bought shares in two companies: Flutter Entertainment and DraftKings.

Michael Burry 是一位著名的投資者。他買入了兩家公司的股份:Flutter Entertainment 和 DraftKings。

Main Body

Burry spent more money on Flutter than on DraftKings. He thinks some betting websites do not pay taxes now. He believes the government will change the laws soon. Then, these websites must pay taxes.

Burry 在 Flutter 投入的資金比在 DraftKings 多。他認為目前某些博彩網站沒有繳稅。他相信政府很快會修改法律。屆時,這些網站必須繳稅。

Flutter and DraftKings are big companies. Their stock prices went down recently. Burry thinks these companies are strong and will make money again.

Flutter 和 DraftKings 都是大公司。它們的股價最近下跌了。Burry 認為這些公司實力強勁,將會重新獲利。

Burry also bought shares in a Chinese company called JD.com. He thinks Chinese stocks will become more popular than stocks in Japan or South Korea.

Burry 還買入了一家名為 JD.com(京東)的中國公司股份。他認為中國股票將會比日本或韓國的股票更受歡迎。

Conclusion

Burry bought these companies because he thinks new laws will help them win.

Burry 買入這些公司是因為他認為新法律將會幫助它們獲勝。

Vocabulary Learning

Comparing Things

In the text, the author compares companies and countries. For A2 learners, the word more is the best tool to show a bigger amount or a higher level.

The Pattern: More + [Noun] + than + [Noun]

Examples from the text:

  • Burry spent more money on Flutter than on DraftKings.
  • Chinese stocks will become more popular than stocks in Japan.

Simple Rule: When you want to say that Item A is 'bigger' or 'better' than Item B, use more.

Quick Shift:

  • Money → More money
  • Popular → More popular
  • Time → More time

Observation: Notice how the word than acts like a bridge → it connects the two things being compared.

Vocabulary Learning

investor (n.)
A person who puts money into a company to make more money.
Example:The investor bought shares in a new technology company.
shares (n.)
Parts of a company that people can buy and sell.
Example:He owns shares in three different businesses.
taxes (n.)
Money that people and companies must pay to the government.
Example:Most people pay taxes from their monthly salary.
government (n.)
The group of people who control a country and make laws.
Example:The government is building a new hospital in the city.
recently (adv.)
A short time ago; not long ago.
Example:I recently started learning English.
Practice A2 words in a crossword