Re: $3 Million Downsizing.............
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It should be very clear to anyone who has studied the math of bankroll management, risk-of-ruin, and variance that Townsend is well on his way to being effectively busto.
I follow Townsend's swings very closely, and his variance is is on an exponential curve upwards, and that can mean only one thing: ruin. He's not in control of his bankroll, his bankroll controls him.
And it seems that he spends all his time on the biggest games in town, so it's pure variance, there's no steady income underneath.
I don't think Brian is so foolhardy as to sell his mansion or loot his investments, so I think he'll retire from poker a well-off man. I think he should head for Wall Street.
But as far as poker, it is very clear to me that he's on his way for the exit. Too bad, because he's a really nice guy, perhaps the nicest in poker today. But that's the way it goes when you shift from gambling as a job to gambling as a sport.
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ban, and on a side note some of the comments in this thread really make you understand why the majority of people on 2p2 are donators
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