“The worst hand in poker is the second-best hand," is an amazing quote, but, as you pointed, doesn't quite materialize the same way in the "real" world. I also really like Bezos' baseball analogy about how in business you can sometimes hit a ball that nabs you 1,000 runs. I do wonder how many people go broke swinging for those 1,000-run hits. Solid post, Devin. Thanks for writing.
Great post - and thanks for the shoutout to the AWS write-up!
Like yourself, I think much of my investment education came from early years at the poker table (and the same can be said for sports betting). Really helpful lessons for understanding the game.
In my own experiences, poker, sports, whatever it may be: those early hard hits and bad beats were the best lessons, though it never felt like it at the time.
“The worst hand in poker is the second-best hand," is an amazing quote, but, as you pointed, doesn't quite materialize the same way in the "real" world. I also really like Bezos' baseball analogy about how in business you can sometimes hit a ball that nabs you 1,000 runs. I do wonder how many people go broke swinging for those 1,000-run hits. Solid post, Devin. Thanks for writing.
Thanks for reading, Pablo.
Great post - and thanks for the shoutout to the AWS write-up!
Like yourself, I think much of my investment education came from early years at the poker table (and the same can be said for sports betting). Really helpful lessons for understanding the game.
In my own experiences, poker, sports, whatever it may be: those early hard hits and bad beats were the best lessons, though it never felt like it at the time.
Thanks again, Alex.
The statistical worst hand is 2/7 off suit 😉