Book: Financial markets to those who could give a fuck
And the insurance? Here is the exact example. The man has some risk of adverse events. But the insurance company is a risk, but if the manual work asshole or if asset managers are stealing money. If they do everything right, the risk is distributed according to the law of large numbers. The casino is no risk in the game for long time roulette brings 3-5% with each bet. The only risk the arrival of the little suckers and make little bets with negative expectation.
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MegaMozg 08-11-2019 / 20:52
I think I already wrote that Finance attracts sociopaths. If you hate people, you can try to earn watching charts and clicking on the buttons. Plus markets always have the ability to deceive somebody. Some tend to manipulate and introduce others astray. Fortunately, there are from time to time are caught and castrated.
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MegaMozg 08-11-2019 / 20:50
This is done elementary Economics, but most people don't understand it. And I'll explain why in a capitalism market is not everywhere. Take, for example, retail - it's all right, the government does not climb, networks bloom and smell. And to take gas or electricity - there is a complete ass. No competition, only nepotism, trainers, chefs and that's all this lake pederasty.
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MegaMozg 08-11-2019 / 20:48
But it is a very professional market. It's not like the stock trading, there are no suckers. Talk to grain traders or there with the pig, it's not a binary optionscity with hydrocephalus of the brain. Believe me, these are smart guys. They story of my life. Ask them : "you And Cho, profit can't you see?"
They explain who and what you are.
Quote Explanation: This quote is talking about the futures market
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MegaMozg 08-11-2019 / 20:46
The losses are discouraging, but a good player it should not be confusing. If you are not confident in your trading system, it is not necessary to change it after the first losing trades. Much more dangerous than a win by playing correctly.
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MegaMozg 08-11-2019 / 20:44
The trust prohibits you from spending capital - such as not to lose all in the casino, or buy yourself a Maserati and ***be in the post.
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MegaMozg 08-11-2019 / 20:42
In poker we are not dependent on the market. It's not necessary to be the best - it is enough to be stronger than the other at the table, and in the long run, you'll be in the black. But if at the table you can't find the sucker, then the sucker here is you.
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MegaMozg 08-11-2019 / 16:24
So, continuing the famous quote: people who act out of their interest, more important for mankind than all the noble dons put together.
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MegaMozg 08-11-2019 / 16:22
People make a lot of mistakes, but the mistakes in the financial sector tend to influence the person's life is sad and long.
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MegaMozg 08-11-2019 / 16:18
