
Dan McMurtrie - The Next Market Wizard
The Business Brew
00:00
The Importance of Risk Reward in Poker
I think there's some gambling concepts that are super easy. I actually think poker is super useful in this context. So it's not just the risk reward, but how much absolute money can you get? And what you'll often find is that post-d risking,. the absolute risk award goes bananas, even if the absolute return drops. That's antithetical to wanting to buy it absolutely as cheap as possible. But it also eliminates your nightmare blow up risk, right? Because that means you're always sizing up positions into winning stories and things like that.
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