Re: Difference Between Poker and the Stock Market
[ QUOTE ]
[ QUOTE ]
In poker, you're betting on cards; in the market, stocks.
Can anyone come up with another? I can't.
[/ QUOTE ]
You're kidding right? We can beat this subject to death again but one is a zero sum game more or less while the other isn't. Honestly I don't see too many similarities.
[/ QUOTE ]
If OP is refering to stock trading then there are many similarities.
They are both negative sum games. Poker has the rake and stock trading has commissions and spreads. Both are very difficult to overcome for the vast majority of people.
There are also similarities with psychology, variance, risk management, position sizing (stakes in poker), EV plays, knowing when to push your edge, taking shots and calculated risks.
There are so many similarities (IMO) but they've already been widely discussed.
I believe there'd be distinctly fewer similarities between poker and investing than poker and trading.
|