Red Joker Rules: The 35 Rules of Gambling That All Investors Should Know

582075c3ec321.jpeg Author Pat Holland
Isbn 9781906659172
File size 1MB
Year 2009
Pages 152
Language English
File format PDF
Category Gambling

Book Description:

"Gambling is investing, and investing is gambling," says the Red Joker.
Both situations begin with a common pool of money. The pool is distributed among those who have created it on the basis of a series of events that are partly controllable. Through a mixture of skills, self-control and sheer luck, some of those who have created it will receive more than others.
There is no inherent difference between sifting through a horse's prospects of winning a race and a company's prospects of returning regular profits. There is no inherent difference in deciding whether to raise the betting on a particular hand of cards and deciding whether a property is a good or bad buy.
But there is a world of difference between the pace of gambling and the pace of investing. A gambler faces as many investment situations in a week as an investor does in a lifetime. The rules are the same, but the gambler is in a situation where he can learn the rules very quickly.
This is a book of advice from the gambler to the investor - The Red Joker Rules.


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