Friday, November 20, 2009

Similar skill sets required for poker and trading on Wall Street

Brandon Adams, a professor of behavioral finance at Harvard, says:
[Professional online poker players] essentially been the survivors in the system, a very difficult system where 95 percent of people lose money. Anyone smart enough and disciplined enough to survive that system is probably going to do very well in the trading world.

I used to reflect about gambling frequently at the onset of this blog, but have not done so as much. Here is the last substantive post from almost 2 years ago.

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