I'm so green. Point me to investing 101.

you are correct. again, if it wasn't clear from my post - i was saying poker (and futures trading) are zero sum - ASSUMING you don't cost in the commissions.

it is true that online and casino poker is not zero sum due to the rake.

a true zero sum game would be your home game, although even there u usually h ave to chip in for beer :)
 
I also played poker and I keep going back to the principles I learned while on my quest towards trading. I think it's a very sound base for you to have.
 
Quote from whitster:

you are correct. again, if it wasn't clear from my post - i was saying poker (and futures trading) are zero sum - ASSUMING you don't cost in the commissions.

it is true that online and casino poker is not zero sum due to the rake.

a true zero sum game would be your home game, although even there u usually h ave to chip in for beer :)
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That's fair...you bring the beer, I bring the chips, and I'm coming out ahead...
:D
 
Quote from rookie55:

I'm so green, I know nothing about money, other than reading 1 or 2 rich dad poor dad books.
Rookie55
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I hear a lot about these "rich dad poor dad" books and i've seen them in bookstores. I saw the author on tv promoting something and he seems like a real tool...talking about how it is good to have debt and all this kind of crap. Can anyone tell me what this guy's all about?
 
Quote from Drew07:

I hear a lot about these "rich dad poor dad" books and i've seen them in bookstores. I saw the author on tv promoting something and he seems like a real tool...talking about how it is good to have debt and all this kind of crap. Can anyone tell me what this guy's all about?
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Kiyosaki's book is quite useless. I have 3 of his audiobooks but I've listened to 1 of it. Basically, he encourages people to be courageous and face risk in the real estate market (though calculated). It's really more of a motivational pump-you-up talk book than something you can gather actual, tangible knowledge about the real estate market.

Don't waste your money.
 
Quote from polpolik:

Kiyosaki's book is quite useless. I have 3 of his audiobooks but I've listened to 1 of it. Basically, he encourages people to be courageous and face risk in the real estate market (though calculated). It's really more of a motivational pump-you-up talk book than something you can gather actual, tangible knowledge about the real estate market.

Don't waste your money.
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That's what I figured...... I'm more of a Suze Orman kind of guy anyway :) ...is it just me or is she kind of attractive for an old broad?
 
Quote from Drew07:

That's what I figured...... I'm more of a Suze Orman kind of guy anyway :) ...is it just me or is she kind of attractive for an old broad?
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What I got from reading some RDPD books is basically a wake up about what you're doing with your money. I wouldn't read him to learn specifics of investing, but i would recommend his books to an absolute idiot who spends money without really thinking about it. He's like a wake up call. But most of you on here have already woken up about money so it's likely of no use to any of you. As for Suze Orman...no thanks. :p
 
<i>"...is it just me or is she kind of attractive for an old broad?"</i>

You've been at the screens waaaaaaaaayyyyyyy tooooo long
 
Quote from rookie55:

Could you elaborate a bit more on what you mean?
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it means that even with pocket aces you can lose your ass...so why overbet a sure thing???.......:eek:
 
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