Liv Boeree - Million Dollar Girl
London Real
00:00
How Important Is It to Cut Losses?
In any given day, which is a short term a, you'll be somewhere on that sort of varianc, belcef. You'll either be lucky, you could be right round the middle, or you might be very unlucky. Over the long run, when you play many thousands and thousands of hands, that that smooths out. And if you are making the most profitable decisions in your opponents, more often than you're going to make profit compared to those who aren't. How much of you bein successful over time is being able to just recognize when you're on the bad part of that variance curve? We'll talk later about traders and poker players, cause they think
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