Want to Succeed on Wall Street? Learn Poker, Not Economics(bloomberg.com) |
Want to Succeed on Wall Street? Learn Poker, Not Economics(bloomberg.com) |
It is why investing in an S&P 500 Index fund and not touching it tends to out perform even professional investors. It is a sound strategy and eliminates human judgement. If you are thinking about getting into investing start with small amounts and learn the hard lessons. Panic selling and buying is a very hard emotion to overcome.
Mostly because you don't really know their hand, financial success is just a part of the whole picture and this is true for individuals and organizations alike.