The investing world is a little bit more multidimensional than poker.
My parents are nice people, and they also made a point to have dinner as a family every night.
Pioneer is burning cash and its reserves are not growing.
Our view is that just because Amazon can disrupt somebody else's profit stream, it doesn't mean that Amazon earns that profit stream.
On my best days, I fancy myself a combination of Dad's persistence/patience and Mom's toughness/skepticism.
I've got a fantasy-baseball team with my brother. But I have to admit, he does all the work.
We call it the motherfracker.
There's more at risk in what happens in Microsoft than I could ever bet on a poker table.
We never invent new reasons to continue with a position when the original reasons are no longer available.
Investing in a poker game and investing in stocks, at least the way I do it, it's a very similar skillset.
