Risk management is the most important life skill, with rhetoric (persuasion) being a close second. If your risk management is sound then you can play as much poker or options trading or futures or any other hairbrained dipsy-doodle you like. But if your risk management isn't sound then you can still lose everything in a game (broadly construed) with an edge < 1 in your favor.
Re:A $10k poker win changed how I think
by agumonkey on Monday September 06, 2021 @09:06PM
(#28439756)
do you have suggestions on books or others ?
Re:A $10k poker win changed how I think
by User23 on Tuesday September 07, 2021 @12:29AM
(#28440940)
The Kelly criterion[1] is a good starting point. When it was run as an experiment, a game with a .6 player edge had 28% of players go bust.
you don't feel curious if you bet your house on a poker game, but 50 bucks you get to enjoy the downfall