“In ‘Confessions of a Winning Poker Player’, Jack King said, ‘Few players recall big pots they have won, strange as it seems, but every player can remember with remarkable accuracy the outstanding tough beats of his career.’ It seems true to me, cause walking in here, I can hardly remember how I built my bankroll, but I can’t stop thinking about the way I lost it.” Mike McDermott (Rounders)
As we head into the end of the week and what we hope will be an interesting trading day, the only questions that really matters is: “Are they going to buy up risk into the weekend?”. We have outlined all the key issues/themes/charts that are in play, so just scroll back on recent posts/charts for an overview.
As we wait to see how NY flows are going to take this, we suggest making some time to listen to what Aaron Brown has to say about risk. As a general rule, we would always make time for Aaron:
150: A lesson in risk taking—with the former risk manager of a $200B fund, Aaron Brown, Pt. 2
As a bonus, here is his MIT lecture on Poker Economics:
Wishing everyone a great weekend. We’ll be back on Sunday with our weekly outlook video.