Red Joker Rules: The 35 Rules of Gambling (That Investors Should Know) Pat Holland

ISBN: 9781906659172

Published: August 10th 2009

Paperback

152 pages


Description

Red Joker Rules: The 35 Rules of Gambling (That Investors Should Know)  by  Pat Holland

Red Joker Rules: The 35 Rules of Gambling (That Investors Should Know) by Pat Holland
August 10th 2009 | Paperback | PDF, EPUB, FB2, DjVu, AUDIO, mp3, RTF | 152 pages | ISBN: 9781906659172 | 3.35 Mb

Gambling is investing, and investing is gambling, says the Red Joker. Both situations begin with a common pool of money. The pool is distributed among those who have created it on the basis of a series of events that are partly controllable.MoreGambling is investing, and investing is gambling, says the Red Joker.

Both situations begin with a common pool of money. The pool is distributed among those who have created it on the basis of a series of events that are partly controllable. Through a mixture of skills, self-control, and sheer luck, some of those who have created it will receive more than others.There is no inherent difference between sifting through a horses prospects of winning a race and a companys prospects of returning regular profits.

There is no inherent difference in deciding whether to raise the betting on a particular hand of cards and deciding whether a property is a good or bad buy.But there is a world of difference between the pace of gambling and the pace of investing. A gambler faces as many investment situations in a week as an investor does in a lifetime. The rules are the same, but the gambler is in a situation where he can learn the rules quickly.



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