Investors Are All In With A Weak Hand
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I learned more about option trading strategy by playing poker than I did in all my college economics courses combined. – Jeff Yass, The New Market Wizards: Conversations With America’s Top Traders (1992), p. 396 – Yass majored in economics…
I danced between the raindrops on a minefield. – Former Bear Stearns Banker Steven Begleiter on how he made the WSOP Main Event Final Table
The Economist has a lengthy and fascinating piece, “A big deal”, on the poker boom in their most recent edition (hat tip Abnormal Returns).
This morning around 4:00am, after 16 hours of final table play, Jerry Yang, a 39 year old, father of 6, Laotian immigrant based in Temecula, CA, who has only been playing poker for 2 years, won the 2007 World Series…