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Old 08-25-2007, 02:13 AM
David Sklansky David Sklansky is offline
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Join Date: Aug 2002
Posts: 5,092
Default Re: Daniel Negreanu\'s Latest Cardplayer Article

I'm nitty when it comes to buying shirts. When it comes to gambling I take almost the exactly correct risks based on discretionary bankroll and the edge I conservatively estimate I have. The nit Daniel was describing in his article was not modelled after me. (More than twenty percent of my entire bankroll is in a highly specualtive stocks.)

Meanwhile your point about your risk tolerance being decided by age 15 is true but unacceptable. There is a theoretically correct risk tolerance. And if your own personal psychology pushes you too far away from it in EITHER direction, it behooves you to try to change.
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