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5min chapter
Poker and Wall Street with Aaron Brown of Bloomberg
Boxes and Lines
The Key Difference Between a Professional and Amateur Gambler
In the early 80s, Wall Street traders who had no trading experience were able to make millions of dollars. John Sutter: Trading is something you can learn some kind of intuition about. He says it's a lot more expensive to do it at a big bank than it is in a poker game. The key difference between a professional and amateur gambler will quit when he's losing because he's lost too much or he'd run out of money,. If he wins, he'll bet bigger play more because he's winning.
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