This quote is from one of my favorite books of all time.
Discussion
What book is this?
Ace On The River by Barry Greenstein. I got a signed copy with PokerStars points.
Never heard about it. What is it about?
The book is a guide about how to become a professional poker player. It's basically a self-help book for gamblers. There's not really much about cards. It's more about how to deal with the swings.
He writes about taking a break from a good fame in a bad economy, givng, and how to live life both on and off the table.
I don't play poker much anymore, it was one of the most useful books I've ever read. Many of the concepts also helped me hodl.
The 4 Hour Workweek also helped.
Interesting. Poker is supposed to be a skill game, but statistically winning and losing must clear (zero sum). But, of course, you'll have the cost of playing. I call this "friction" in the Pegged White Paper. Curious to hear your opinion about this concept.
There's an opportunity cost even if you are a winning player. That is often time with family. That's why I stopped playing. That was the friction to me.
The book is about balancing poker and life. In many ways, bitcoin is the opposite of gambling, but the price swings are a lot like bankroll swings of professional gamblers. One day you can buy a lot of stuff and the next day you can't. You can go on downstreaks for 100,000 hands. Youncan be a technical poker wizard, but go broke if you can't handle your emotions.
The book is more about those things.