The World Motivation
Both poker and investing are games of incomplete information. You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical.
“Both poker and investing are games of incomplete information. You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical.”
— David Einhorn · Edge
Both poker and investing are games of incomplete information. You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical.
With poker, you have a resolution of the hand within a couple of minutes. Whereas, even if the thought process in investing is very much the same, you're looking at an outcome that could be 2, 3, 4, 5 years from when you make the original decision. And the mindset related to that is very different.
My parents are nice people, and they also made a point to have dinner as a family every night.
The enthusiasm for Tesla and other bubble-basket stocks is reminiscent of the March 2000 dot-com bubble. As was the case then, the bulls rejected conventional valuation methods for a handful of stocks that seemingly could only go up. While we don't know exactly when the bubble will pop, it eventually will.
You really need to be on the edge and you have to keep your eyes open.
Not having a trainer is basically just giving an edge to my opponent, and I'm not willing to do that anymore.
Duane lived life right on the edge. If you ever read Goethe's Faust, Duane Allman was very much that kind of figure. His deal with Mephistopheles was to experience everything life has to offer, good and bad.
I think, as a fan, when you are sitting there in the stadium you want to be on the edge of your seat.
Most important to any fake story is a plausible, realistic edge with a satirical twist that is topical.