There is Variance
and then there is VARIANCE. As a low rolling poker donk, I can decry variance. It been a consistent companion over the years. But…
I’m also playing in the big game. That would be the stock market — not Bobby’s room. I have learned just what variance is. Overall, variance has been in my favor. But, this last week pointed out that isn’t always the case.
Last week brought me variance approaching 10%. In my poker account that’s a minor swing given my ideas of bankroll management. Early in the day today, almost half has been returned. That isn’t to say it is back to stay but it is encouraging.
What’s funny is that silly little bit of ego called my poker account has – over time – seemed more dramatic than the last week in the market. Ego doesn’t begat rationality. I don’t think that is unique or unusual as I wander the poker blogs.
Pennsylvania is arguing luck versus skill at poker. Congress is somehow avoiding that with the markets. When we play poker, sites belabor us with arbitrary rules and we accept them even as we rile against some. But, congress and the markets are the real variance in our lives these days. And, the recent primary in my state with a turnout close to single digit, means most folks are less involved with the potential affects on how our country proceeds than we worry over our modest poker bankrolls.
Something wrong here and I’m a contributor. Not sure why all this is so or what this post really means. Humm…. Interesting… As Artie points out, …but stupid!
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