[Falang]

I asked somebody whom I respect, with much more experience in these matters than me, to give me his opinion on SM's credibility. This is what he had to say:

(this person is a frequent poster in this forum whose name all of you would recognize)


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He seems like a total BS artist. No track record, a pandering style of replies, that speaks to gamblers, etc.

I'll get involved in the thread but I cannot do anything till next week as I am very busy now. I wrote on this a year ago- here is the link.

Bottom line: the risk inherent in an active poker BR means you CANNOT take additional risk with savings. Active poker players need to be in cash and bonds until the cash exceeds 2 years of living expenses. Note that this is 4 times the 'conventional wisdom' about savings back-up.

This guy is pitching TRADING the money and he's just winking and nodding-- saying he has gains except for 1 year when he was down 2%. This is highly Clintonian English he is speaking. Poker players take enormous risks and do not need to be adding risk via investment of savings until and unless those savings get abnormally large, something like 5-7X avergage income for the last 10 years.

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