Comments on: Kiplinger – Texas Holdem Helps Your Investing – But Don’t Play “Free” Poker

By: MaskedFinancier

MaskedFinancier — Sun, 17 Jan 2010 02:59:54 +0000

DJ,
Thanks for the comment.
It is true that being a good investor can help poker-playing.
I have written about this already on the side in the article entitled “David Einhorn – Hedge Fund Titan then Poker Champion – Texas Holdem Investing in Reverse” – http://bit.ly/jjOyv.
However, I think it is easier to go start with poker and then move to investing because poker’s more limited “game space” allows you to focus more on the basic principles that will ensure successful investing – risk management, emotional management, and probabilistic thinking.
I would appreciate your thoughts on this.
John (aka The Masked Financier)

By: MaskedFinancier

MaskedFinancier — Sun, 17 Jan 2010 02:56:31 +0000

Bob,
Thanks for the comment, and again congratulations on an excellent series of articles on the poker-investing connection.
I must admit that I’m still not entirely sure on the accuracy of “studies” that are conducted in a controlled environment, because it really does depend on the extent to which the experiment simulates reality.
Keep up the good work,
John

By: dj

dj — Wed, 13 Jan 2010 21:05:20 +0000

no,it’s the other way around….investing will help you poker game

By: Bob Frick

Bob Frick — Tue, 12 Jan 2010 17:28:49 +0000

And excellent summary of my stories, Masked. And I understand that you’ll learn better with skin in the game. When I play for money, the learning is certainly more painful and pleasurable. I do think, though, having read many many academic studies based on gambling scenarios with no money involved, that you can generate the same biases/glitches with no money involved. Then again, what fun is that?

By: Tuesday links: short suffering Abnormal Returns

Tuesday links: short suffering Abnormal Returns — Tue, 12 Jan 2010 17:22:48 +0000

[...] “Free poker” and paper trading can only take you so far in your development. (Texas Hold’em Investing) [...]