Aaron Brown
The Poker Face of Wall Street
en
Aaron Brown

The Poker Face of Wall Street

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  • jdbxhar citeretfor 2 år siden
    There are situations in which the leader should strive until all hope is gone
  • jdbxhar citeretfor 2 år siden
    To be even an average poker player, you must often throw away good cards, regardless of how much you have bet on them, even when there is a good chance that you could have won the pot if you kept betting. And you must learn to fold as early in the hand as possible.
  • jdbxhar citeretfor 2 år siden
    In traders' terms, you must take risk only when you're getting paid enough for it. In poker terms, you must extract all the value you can as a cardplayer before you start relying on your poker skills.
  • jdbxhar citeretfor 2 år siden
    have a better chance of succeeding.
  • jdbxhar citeretfor 2 år siden
    Poker players who understand risk management principles
  • jdbxhar citeretfor 2 år siden
    The key is not minimizing risk, but managing it.
  • jdbxhar citeretfor 2 år siden
    Poker has valuable lessons for winning in the markets, and markets have equally valuable lessons for winning at poker.
  • jdbxhar citeretfor 2 år siden
    It is not that gambling imitates economic life, but that economic life is largely modeled after gambling.
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