Determining the expected value of any investment can be rooted in calculations related to poker pot odds. First, understand your potential risk and reward.
March 19, 2021
6 minutes
Determining the expected value of any investment can be rooted in calculations related to poker pot odds. First, understand your potential risk and reward.
Dealing with a large sums of money at the poker table, can skew your perception of its value. While I made a lot of money in my early years playing, I didn’t save a lot because my spending habits were so short sighted.
Obsessing over results gains us nothing, especially if we made the correct decision but succumbed to chance. Instead, focus on making the perfect decision.
Time is the only thing we can’t get more of. In order to find more time, our only option is to free up more time in our lives—so we optimize.
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