Re: An Aggressive Approach to Bankroll Management Article
I really like this article. I would almost never invest anything close to 10% of my BR on one SNG, even with a fairly large perceived edge. This is because I gamble for over 90%+ of my living, and I place such negative value on losing all my assets that I'm willing to go pretty far to ensure that doesn't happen. And I don't think that that's necessarily irrational.
Anytime you base decisions that involve putting risk aversion into a number based purely on plugging numbers into an equation, you're not gonna get a prefect answer.
But you don't need a perfect answer to come up with an interesting result, and reading this article makes me want to reconsider my conservative BR style. All in all, a thought-provoking and certainly recommended article.
Best Regards,
Collin
|