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Nah, he just forgot that when your luck is running hot, you bet more and
when it turns cold, you take in a show or cut drastically back on your
bets.. I've seen it many times.. gamblers get into the mode of conserving
capital when things are going great and increasing risk to cover
losses. 180 degrees out of order and a disaster course. Much the same can
happen in trading if one isn't diligent.
Bob
At 11:05 AM 2/25/2002 -0600, you wrote:
>Hello TheQuant,
>
>The most successful gambler on earth is broke, walking the streets of
>Vegas. Why? Could he not replicate that which gave him his moment of
>glory? He must have thought he had a method at one time. Or was it
>randomized luck? Man and machine concurring to play the game. Who
>will win? Let's give man the benefit of the doubt and say that Man is
>conqueror. Man will be far along in deep sleep as the slot machine
>continues to serve it's next prey. I would rather own a slot machine
>or any machine rather than own the apparent skills of the lucky
>gambler.
>
>
>--
>Best regards,
> TheQuant mailto:thequant@xxxxxxxxx
>
>
>
>To unsubscribe from this group, send an email to:
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>
>
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