poker casino gambling
poker online casino Las Vegas on a table, four smart money managers, the two top gambling hand tell us the wisdom of gambling games and have the same investment rules.
• Bill Miller in the prior 76-year-old did not call for the investment community Pearson genius. Pearson is a professional gambler, and he received formal education is only the fifth grade. He set foot in the market a few years later, play poker gambling in 1999 after buying the technology stocks suffered huge losses.
However, gambling Poker games the Pearson in 1973 at the World Series of Poker championship tournament, poker is a great philosopher. There is a motto he is “gambling in the three factors need to be: There are chances of winning gambling Poker games ; money management operation; understanding of your own.” Miller believes that this view is “in the investment you need to know all things.”
Well-known fund management book “Security Analysis”, author Graeme think there are at least two points can confirm the wisdom of the motto: First, Miller is the history of years to beat the S & P500 fund managers, he acknowledges the wisdom of the motto of the investment; their Second, investment and gambling was the similarity between the Wall Street as a dogma. 80’s legendary Magellan Fund manager Peter Lynch • that in all the games, the most similar to poker and investment.
After hearing so many words, “MONEY” magazine invited Miller and three other world-class fund managers in Las Vegas, Harrah playing Texas Hold game. And Miller, together with Mario • Fort Lee Kerry, Bill and John • Grace • Road root, their opponents have a poker Nepal • Charles Wang, the last two world championship poker, as well as the world’s most famous female player Chan Heymann and play poker gambling • “MONEY” magazine editor-in-chief Alexander • Harris.
Who in the end it became the ultimate winner? Are interested in you, continue to Read.
The rules of the game
A total of five-card game, first of all, to each player two cards do not know the sign face (that is, bottom line), and then open on the table the rest of 5 card, open the first three cards (the flop), the second time to open a card (the turn), the third time to open the last one (the river).
Rule 1: There are chances of winning poker online casino only good bet in the opportunities
Gambling is the first point of success in your favor when the opportunity to bet, if you are too obvious advantage, opponents will not bet with you. Calculated according to Pearson, in the 6:4 victory at the biggest chance of winning bets. If you keep in place the process of self-discipline, you can eventually win.
So, how do you know that they do have a grasp of ? In the poker game, to start with, give you the license number of the greater your chance of winning greater. Play Texas Hold gamblers are very fond of the first card to get A or K, but the same two cards can be a big defeat. In the game, you run into the same large A or K, on the difficult competition.
• Road, said John, a good stock is the possibility that the entire stake in the company’s stock value, which is equivalent to the big poker. Low-cost stocks may be profitable growth as the performance of the company or the launch of new products and prices. Investment at this time, you will be a very high rate of return.
Bet, you need is patience and self-discipline, and investment, as this is the reason why.
Rule 2: money management, and must not be desperate
Poker game can not be certain to win, even if you have a 99.99% certainty, you may also be lost. You can not bet on in a poker online casino . Pearson said this is money management.
Stocks or bonds to investors in different investment markets will change with the market rise or fall. Although you can not in a lower licensing all of the Notes, but in time will help you when it is wise to bet, you know how to bet on.
The world’s largest bond manager Pimco Total Return Inc. • Bill Grace said that investors must know that there are unreasonable changes in the market side, it should be fully prepared. On the other hand, you should have an opportunity today may be beneficial to your big bet.
Last year, Grace played a smart investment in gambling, the approach of 2004, bond prices rose by 35 percent, many investors are optimistic that this market, and Grace believes that the long term bond market is not optimistic, so the in February, he announced his own bonds and sell shares. Since then the fact that it proved the right Grace. Notes on the skyrocketing after 4,5 month, began to fall. In early June, to change the attitude of grace, when many investors are worried about inflation and the withdrawal of the bond market, the Grace has chosen to invest in bonds. With the economy sensitive markets, Grace has been a great success. The second half of 2004, bond prices rise again, Return Fund Inc. rose to 7.1%, beat 71 percent of bond funds.
Grace told the investors, it is necessary to know how to market information, investment will not succeed otherwise.
Rule 3: Know your own to overcome your weaknesses
Poker games in general can be divided into four, only one person can usually win. The first is related to people every time, every place, but did not bet skills. The second is obviously their only win bets circumstances, so they usually win, but lost a lot of opportunities. Each related to a third person, but also note the greater the more the next, it also won more miserable loser. The fourth is a gambling expert personnel, when such a strong hand in the win bet, but also in the stable with the card when the attitude. Of course, they inevitably will have missed the time, but they can lose to a minimum, and in time to win the most can win.
• Bill Miller believes that these four types of people and the same types of investors. The first corresponds to the first investors in gambling, they tend to passively follow the market action; the second investor in the stock only when the buy cheap, sell high, they can not become the permanent operator of the market; the majority of investors in the third person, they can make a lot of money at the same time lose a lot. Miller is the fourth person, he thinks the market is likely to buy a lot of good stocks, do not follow the crowd, until their own market conditions expected to take action.
In theory, we always put ourselves into the fourth category of people, in fact, we often commit the error of the other three people. Pearson proposed as the third point, we must recognize their own weaknesses and correct it. Miller said: “The gamblers are the first thing to do is to make friends with your own, rather than their own as other people think.”
Rule 4: Know your opponent, use of their nature
• Chi-fei poker online casino Scott said: “The highest IQ is the brain at the same time there are two completely different ideas, and has the ability to know how to use.” For poker players and investors, and even mind the idea of the need for three , these ideas may not be exactly the opposite, but there are many contradictions in the need to make your final choice.
Miller learned the game of the difficult skills. 1950 U.S. dollars as a bargaining chip in the remaining time, Miller has A and 9, Kerry A, Fort Lee and J, Fort Lee turn Kerry bid, he is likely to win. When the final launch of the desktop chips, the Miller said: “I estimate this card you will be kept out.” Ka Fort Lee replied: “I almost did on the way, but it is the A.”
Fort Lee Kerry Pearson’s view that a major loophole is that: You not only need to be aware of your own, you also need to know your enemy. Different opponents have different forms of gambling.
In the market, you can not grasp with your transaction, you can only find out through the media, some of the situations. In 2000, Fort Lee Ka Pulitzer newspaper group bought a large number of shares, it was of the view that the future of media company going from bad to worse, and its stock value down to 43 U.S. dollars from 34 U.S. dollars. Kerry tells Fort Lee, the newspaper still earn a profit, and they can build their own Web site to enhance their competitiveness. Evidence the fact that Fort Lee Ming-Gar is right, Lee announced in January they Pulitzer14.6 100 million U.S. dollars to buy stocks, 64 U.S. dollars per share, Kerry Fort Lee is the 100 percent return on investment.
poker casino gambling Fort Lee Ka wait and see attitude in the poker game was also full. Finally, he won the game victory.
