When I was a poker player, the hardest thing to learn was distancing myself from my intuition.
If you stare at a table for long enough, you'll convince yourself that you know what your opponent has. You'll invent a story that makes sense. It will "feel" like he has top pair. 1/3
If you stare at a table for long enough, you'll convince yourself that you know what your opponent has. You'll invent a story that makes sense. It will "feel" like he has top pair. 1/3
Being driven 100% by intuition is a telltale sign of bad poker.
Intuition learns faster than your conscious mind, but it's very bad at dealing with probabilities. Intuition makes you think in terms of "this is what he has," as opposed to "he'll have this 30% of the time." 2/3
Intuition learns faster than your conscious mind, but it's very bad at dealing with probabilities. Intuition makes you think in terms of "this is what he has," as opposed to "he'll have this 30% of the time." 2/3
As a poker player, the first thing you have to get over is the worship of intuition. It's just another tool in your toolkit, and not always the right tool for the job. This is a lesson that I learned early, and I'm realizing most investors don't understand this. 3/3
