Re:For the Love of Money
by WalterBright on Sunday January 19, 2014 @06:00PM
(#7086455)
When I was young, I got into a poker game with some local hoods, and they cleaned me out. I knew enough about the odds to know they were cheating, but not enough to know how they were doing it.
I resolved not to play poker again until I understood the game much better.
Ditto for derivatives. If you don't understand the game, you should invest in something else.
Re:For the Love of Money
by judk on Sunday January 19, 2014 @09:59PM
(#7087281)
My poker experience is actually closely analogous to the reality of AIG meltdown: when I lost, my buddies collected, but when I won, "we were just playing for fun, not real money".
I resolved not to play poker again until I understood the game much better.
Ditto for derivatives. If you don't understand the game, you should invest in something else.