Every Gambler knows the secret to survival is “knowing what to throw away and what to keep”
The MDD4 is meant to help you know what to throw away and what to keep.
No Dear Reader, Investing is not Gambling. But most people who think they are investing really are gambling.
Gambling has a negative mathematical expectation. Ergo, you lose in the long run! It is what keeps the lights on in Las Vegas and pays the massive bonuses on Wall Street.
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But becoming a serious card player in games such as Texas Hold’em has many, many valuable lessons to teach investors about money management and the psychology of investing. In investing, you are your own worst enemy.
If you feel you could use my help please drop me a line.