How Poker Can Make You a Better Investor - Kiplinger.com
"The psychological issues that drive investing and gambling decisions aren’t merely similar. They are “identical,” says Andrew Lo, director of the Massachusetts Institute of Technology Laboratory for Financial Engineering and one of the leaders in the field of behavioral finance (listen to our podcast with Lo). It’s easy to find investment professionals and professional poker players who agree. Says poker pro Daniel Negreanu, who holds four World Series of Poker bracelets and two World Poker Tour Championship titles: “Having emotional stability and emotional control is key to both investing and poker."read complete article : How Poker Can Make You a Better Investor - Kiplinger.com
Labels: finance
Tarek,
Nice reference to the Kiplinger post and it is great to see such luminaries as Lo compare poker and investing so closely.
I specialise in this subject and have developed the Texas Holdem Investing concept and course which you can read about at my site.
Specifically, I wrote a post that further explores the Kiplinger posts, and there is lots more besides.
I would appreciate any feedback.
Keep up the good work,
John (aka The Masked Financier)
Posted by
John (aka The Masked Financier) |
6:30 PM