Wise words by Annie Duke, whose book “Thinking in Bets” I read and reviewed in the blog several years ago. What she means with this quote is that in poker we need to deal with lots of unknowns like cards we can’t see and players bluffing, but in chess all the information is available on […]
Check out the video update. I talk about a trend change in S&P 500 and also look at the Bitcoin chart. It’s been over 7 months since my last video update, so tune in.
Happy New Year! The stock market is not a friendly place, where everyone is guaranteed to make money by having exposure in securities. It’s a highly competitive field, where the strongest survive. It’s a place, where dreams are crushed and hope can be lost. That’s why it takes mental fortitude and rigid risk management to […]
I was feeling creative and recorded a video update about the current thoughts. Hope you enjoy this format!
In a casino you want to be the house not the gambler. Think of the house edge. The more people come to play, the more a casino can take advantage of its statistical positive expectancy. I hadn’t put much thought to it until couple of years ago a backtest clicked to me. A smaller edge […]
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