The random nature of the cards is explained in the fact that statistically all players in a game of poker have exactly the same odds. This is contrasted to true gambling games where the house stacks the odds against the players playing against the house (and not between themselves). It's easy to see why you might be confused about luck and odds as they pertain to poker.
No, I don't think that "walking" is relevant to real market activity, no more than being knocked out of the game by being put out at home plate. The game of the market does not end at home plate. Sorry.
Questions: In the market, if you're the batter, who is the pitcher (the company? the stock? the market makers?). Baseball requires you to take the field, too, does it not? How is the market analogous to you as the pitcher? Is that a good analogy?
One moment you call cards random, and the next moment you say they're static... Does that make sense to you?
As for DELL and the HBR, I think that you must not have read the whole article (but the synopsis instead). This is understandable given the dry reading that it is. I did my DD on DELL (including pouring over that article), and made millions, then sold. Now I'm back in it. Dell is a solid company with real earnings.
Regards,
LoF |
