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My strategy up to this point has been to put all of my investment money in one or two investments that I think are excellent. Whether this be a hot stock or a piece of real estate or a business or whatever. I've been taking my whole pile and shoving it behind ventures I see as outstanding.
I'm 25 and a professional poker player...I embrace calculated risk taking.
This article reinforces my position:
Recently in the Portfolio thread somebody suggested this was poor.
Anybody care to weigh in on either side of this?
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Well, you are a pro poker player. Do you embrace playing for your entire bankroll at a single game, no matter how fishy you think it is? Why would you manage your portfolio less expertly than you handle your bankroll?
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The risk of going bust at a NL table is a bit different than in an investment. It happens probably over 10% of the time with the poker example...
Great responses all around, nice little forum we got here...
Now to find me next wonderkid...(maybe with 25% of my fund this time [img]/images/graemlins/grin.gif[/img] )