The Power of Position by Bill Edler

1) Three reasons why position is power:
a) In early position, you'll fold the best hand.
b) Make more with winning hands in late position.
c) Lose less with a losing hand in late position.

(This is due to information gained by playing in late position)

2) Playing position PF

Andy Bloch says:
- In early position, only 11% of hands can be played profitably.
- In late position, 45% of hands can be played profitably.

3) Playing position Post Flop

- In position, you can control the size of the pot
--- You can keep pots small with marginal hands.
--- You can enlargen pots with monster hands.

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Obviously very basic stuff without much mathematical background, but I found it to be a useful reminder for basics.