In investing, as in poker, following rules works best
What market participants can profitably learn from the World Series of Poker
AT THE annual World Series of Poker, which begins this week in Las Vegas, the main event is the no-limit Texas hold ’em tournament. In the course of two weeks of gruelling knock-out play, several thousand players are whittled down to just two, playing “heads-up” for one of the WSOP’s coveted bracelets.
This article appeared in the Finance & economics section of the print edition under the headline “Lessons from Las Vegas”
Finance & economics June 2nd 2018
- Italy’s political crisis is roiling financial markets once more
- A critical task for the Greek economy enters a new phase
- Turkey’s central bank has streamlined its fight against inflation
- There is madness, but perhaps also method, in America’s trade policies
- The number of new banks in America has fallen off a cliff
- In investing, as in poker, following rules works best
- Rwanda refuses to remove tariffs on imports of used clothing
- If wages are to rise, workers need more bargaining power
From the June 2nd 2018 edition
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Explore the editionMore from Finance & economics
Donald Trump issues fresh tariff threats
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Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse
Are big cities overrated?
New economic research suggests so
Why catastrophe bonds are failing to cover disaster damage
The innovative form of insurance is reaching its limits
“The Traitors”, a reality TV show, offers a useful economics lesson
It is a finite, sequential, incomplete information game