bankroll management
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Feb 5, 2018 by Annie Duke · across every show →
Everything said about bankroll management, oldest first
Feb 5, 2018
Duke: Investors mismanage risk by overestimating their edge and underestimating volatility
“We're bad at it for a couple of reasons. One is that we generally overestimate our edge. Let's be honest. We think we're better than we are. We also underestimate the vol. I mean, we tend to. So we generally think we need a lot less money than we do, and then …”