How poker makes you a better investor

[biaggio]

interesting article on common investment erros

 

 

http://articles.moneycentral.msn.com/learn-how-to-invest/how-poker-makes-you-a-better-investor.aspx

[value-is-what-you-get]

Thanks Biaggio.  That was interesting (much of it in hindsight for me!!)

 

I think I'll frame this part and hang it on the wall:

 

"We often let ourselves be rewarded for good outcomes rather than good decisions. That is a big mistake. Outcomes are often capricious and beyond our control. You can make bad choices and luck out, and you can make good choices and get burned. Successful poker players know that the key to accumulating wealth is relentlessly making the good decisions. If you do that long enough, you will make money in either game."