[David Sklansky]

Here's one that Barrons screwed up when they wrote about me and other poker players.

They suggested that investors should take a hint from poker players who realize that they should quit a game when they are losing, ignoring ego and realizing their results might indicate that they are an underdog .

But the analogy is badly flawed. Because your losses only tell you that you might have made a mistake when you SAT DOWN. In poker that usually means you should quit. But in the market it very often does not. Reason being, of course, that the "bad" buy, could have turned into a good hold, at the new lower price.