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Comment: Bump, but beware

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Michael Nystrom's picture

Bump, but beware

In my experience, when everything looks so juicy, so rosy, so much like you can't lose, watch out!

Or in the words of one time esteemed financial newsletter writer Joe Granville, "If it is obvious, it is obviously wrong!"

When you're playing poker, you don't lose money on mediocre hands. The way you lose is when you think you've got the best hand and go all in. Your pocket pair of aces gets beat by three twos. I've been on both sides of that hand.

Which is just another way of saying: MONEY MANAGEMENT IS KEY! Nice chart. Don't go all in because of a chart you saw on a free internet site.

Price is the ultimate reality.