Quote:
1. There is a finite amount of money. When you make money in the stock market, someone else is losing. It might not feel this way, but that's the way it is. Same goes for poker. You sit around the table and if you win a big pot against your opponents, someone else contributed to that big pot.
|
Isn't this point fundamentally wrong. For longs and shorts fine but the entire stock market is based on economic growth giving the player the edge instead of the house.
I disagree with your general premise entirely. In poker some players are better than random distribution of luck would indicate. The same can't be said in investing.