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oroboros
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10-03-2006, 05:04 PM
Post subject: Poker vs. Stock Market
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#1 (permalink)
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Join Date: Sep 2006
Location: California-Arizona
Posts: 6
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What's the real difference besides one being pushed on us as the greatest thing ever by money hungry corporations and one that's now banned. They're both gambling and risky, right? OMG WTF?
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euphoricism
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4-of-a-Kind
Join Date: Mar 2005
Location: Your place or my place
Posts: 3,610
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The stock market requires a fundamentally larger "breadth of knowledge" to take significant advantage of. It also requires far more capital than poker to get into meaningful rewards. And, those rewards take far longer to materialize.
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Harry
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Full House
Join Date: May 2006
Location: Philly
Posts: 722
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"Personally, I don't think poker is all that different from buying stocks. If you're patient and you've got a sound strategy, you're going to beat the market in the long run. The same applies to poker. If you trade too much and frequently speculate on trash stocks, you are probably going to have relatively poor results in the stock market. If you play too many hands, you're probably going to lose at poker.
In truth, the people who call poker a game of chance either have never played or probably just aren't very good at it. Granted, it's also probably true that a lot of people who think they are good at poker are, in fact, gambling.
But if you look at it that way, poker isn't gambling any more than buying stocks is. Of course, I don't really think of the lottery as gambling, either (It isn't gambling if you know you're going to lose, right?). Last I checked, buying stocks online wasn't illegal, and playing poker online shouldn't be targeted for death, either."
http://www.fool.com/news/commentary/...?ref=foolwatch
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PSU Class of 2011 weeeeeeee!
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mcatdog
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4-of-a-Kind
Join Date: Oct 2005
Location: St. Louis
Posts: 3,654
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Well for one, poker was a drain on the U.S. economy, a lot of money was leaving the country and going to cardrooms that were based overseas. That doesn't bother me but it apparently bothers the protectionists in Congress a whole lot. Selling stock on the other hand, does help the economy because it provides companies with capital to invest back into their own growth.
It also requires a lot more knowledge than poker. Most of us would be fish if we tried to get involved in the stock market.
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elipsesjeff
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Moderator
Join Date: Jul 2004
Location: Northern Virginia
Posts: 4,900
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Meh, this comparison has been easily made countless times over the past few years.
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Fnord
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Moderator
Join Date: Dec 2003
Location: I'll Do You Like A Truck
Posts: 19,333
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Buy a random stock on a major exchange, hold it for a while and chances are you'll come out a little ahead.
Play a random hand and take it to the river, chances are you'll come out a little behind.
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Margin Of Error
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Flush
Join Date: May 2006
Posts: 254
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Quote:
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Originally Posted by Fnord
Buy a random stock on a major exchange, hold it for a while and chances are you'll come out a little ahead.
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If the economy is doing well.
Quote:
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Originally Posted by Fnord
Play a random hand and take it to the river, chances are you'll come out a little behind.
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Not if you are on an upswing.
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She looked at me and said youz a baby right?
I told her, I'm 18 and live a crazy life
Plus I'll tell you what the 80's like
And I know what ladies like
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boost
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Full House
Join Date: Mar 2005
Location: Chicago
Posts: 706
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yah that was a horrible analogy fnord.
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sarbox68
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10-04-2006, 03:15 AM
Post subject: Poker vs. Stock Market
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#9 (permalink)
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Full House
Join Date: Sep 2006
Location: wondering where the 3 extra chairs at my 6max table came from
Posts: 871
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Stock picking is 1/3 fundamentals, 1/3 TA, 1/3 portfolio management and 1/3 juju.... and yeah, I know that adds up to more than it should.
Have seen the Fool quote around CRYP before, and of course there are similarities. No such thing as a sure hand (as I get JJJ A kicker cracked by a K on the river.....) or a sure investment. Stock value is pure supply and demand... guess u could argue that a full boat is worth a whole hell of alot regardless of what the rest of the table thinks.......
Bottom line difference tho (aside from the capital leak Fnord referenced, which is really no more of an issue than when you buy anything from any other non-US company... Bought gas from a Shell station lately??) is that one is an investment of working capital that (in theory) provides a company with resources to grow/expand/operate etc.
The other's a form of entertainment (kinda like a hooker, but you're not guaranteed to get screwed.... or is that like an ex-wife.... I dunno, I'm confused all of a sudden..........)
Both take skill, balls, and money...
but apparently only one offends republicans....
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Fnord
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Moderator
Join Date: Dec 2003
Location: I'll Do You Like A Truck
Posts: 19,333
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Quote:
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Originally Posted by Margin Of Error
wah wah wah wah
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Quote:
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Originally Posted by boostNslide
yah that was a horrible analogy fnord.
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Variance.
Put money on a random company with a solid track record and you will tend to beat inflation. No skill involved. It's absurdly hard to beat an index fund.
Poker is a negative sum game.
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Harry
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Full House
Join Date: May 2006
Location: Philly
Posts: 722
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Technical analysis is bs btw.
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PSU Class of 2011 weeeeeeee!
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