Tuesday, January 18, 2011

Gambling vs Investing - Very good perspective

http://www.businessinsider.com/the-gambler-2011-1

I like the following:
Some systems are more deterministic than others, but the outcome is always ultimately unpredictable when taken to an extreme

Billy Walters (Sports betting) Story - (featured on 60 min ).
http://www.youtube.com/watch?v=02DVW4iuziA

Both of the above two stories are related.