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Uptown . Apr 21 2011 03:12. Posts 3557 | | |
Related to an earlier blogpost regarding our most +EV choices in life.
http://www.liquidpoker.net/blog/viewblog.php?id=923919
I'm at a stage in life where poker makes Zero sense to play.
1) I have a job which gives me great career options going forward and is a constantly challenging learning process. Any extra work I put into learning extra skills and industry knowledge/standards translates to huge long term +EV.
2) I have an investment portfolio that has a much greater long term EV return for time invested (i.e. keeping track of the markets, reading business and economic news every day, studying financials and business propositions of public corporations, etc) than can ever realistically give me for the same number of hours committed. Even if I make GREAT money at poker per year, the per hour return compounded over many decades will definitely lose out to equivalent commitment to investing disciplines.
3) I have a number of pursuits that give me great joy and are healthy pastimes (random coding projects, the odd blogging activity, yardwork -loliknow-, gym ratting, etc.).
The upsides Poker gave me were
a) Monetary gains - countered by points (1) and (2) above.
b) Enjoyment - countered by point (3) above.
c) Meeting people - irreplaceable, but at this point I don't feel the need to actually play the game to sustain or grow this aspect.
I still get mild to strong urges to play Poker again. It's unmistakably a fun game for me to play. But my enjoyment is correlated to winning, and winning tends to be a long term result. Long term means I need to commit many hours to make sure I win, and in turn enjoy the activity.
The dots just don't connect for me anymore, so I try my best to reason myself out of playing the game. I've been successful so far, and hopefully I can build on this track record. It's tough quitting 'the habit', but spending 3-4 hours in front of a monitor clicking buttons and being stressed out about running into the top of someone's range just doesn't seem to make sense for me anymore.
I guess the current hoopla surrounding FTP/Stars does help me out in this regard.
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Currency New Zealand. Apr 21 2011 03:41. Posts 618 | | |
what do you do for a living ? besides
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| | Last edit: 21/04/2011 03:42 |
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K40Cheddar United States. Apr 21 2011 03:49. Posts 2202 | | |
Uh b) doesn't get countered by 3) when the things you listed don't give you risk satisfaction |
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whamm! Albania. Apr 21 2011 03:59. Posts 11625 | | |
I'd fucking snap quit if i found anything that paid half of what i could make in poker(not even saying much) |
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Uptown . Apr 21 2011 04:10. Posts 3557 | | |
| | On April 21 2011 02:49 K40Cheddar wrote:
Uh b) doesn't get countered by 3) when the things you listed don't give you risk satisfaction |
does risk satisfaction mean "the satisfaction resulting from the thrill of taking risks and coming out on top"?
In that case I'll counter by arguing that (2) makes up for that fact. I have a portion of my portfolio for semi-active trading and taking positions on certain equities.  |
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Uptown . Apr 21 2011 04:13. Posts 3557 | | |
| | On April 21 2011 02:41 Currency wrote:
what do you do for a living ? besides
+ Show Spoiler +
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I used to be a research engineer at a behemoth of a company with many thousands of employees worldwide.
I am now in product marketing at a late-stage high tech startup in Silicon Valley. |
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Uptown . Apr 21 2011 04:16. Posts 3557 | | |
| | On April 21 2011 02:59 whamm! wrote:
I'd fucking snap quit if i found anything that paid half of what i could make in poker(not even saying much) |
My personal take is that education and differentiation (combination of different skill areas, or having unique skills) create value as a member of the economy.
I don't have any "unique" skills but I do have a combination of several skillsets that positions me somewhat differently from other candidates in the field.
Also, the main challenge of "quitting poker" for me is quitting it as a hobby, rather than an occupation. This is proving to be the more difficult part of the equation. |
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| Half Pot! | Last edit: 21/04/2011 04:22 |
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Achoo Canada. Apr 21 2011 06:00. Posts 1454 | | |
Go for it dude, poker is not a lifestyle sustainable for years ... you'll end up like either a hobo begging for a stake or at the mental hospital. But you can keep it as a hobby whenever you feel like playing and make some extra bucks. Your career should be your number 1 priority, along with girls obv |
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| Odds are exactly 50%: it either happens or not | |
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edzwoo United States. Apr 21 2011 06:36. Posts 5911 | | | |
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| | On April 21 2011 02:12 Uptown wrote:
I'm at a stage in life where poker makes Zero sense to play.
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then don't play. just play it when you think it's fun again. |
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dogmeat Czech Republic. Apr 21 2011 11:04. Posts 6374 | | |
poker is awesome and we will see if ur portfolio is even around in 5 years |
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Uptown . Apr 21 2011 11:41. Posts 3557 | | |
| | On April 21 2011 06:03 DvoBoardRider wrote:
Show nested quote +
On April 21 2011 02:12 Uptown wrote:
I'm at a stage in life where poker makes Zero sense to play.
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then don't play. just play it when you think it's fun again.
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The challenge is not playing even if it is fun unfortunately.  |
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Uptown . Apr 21 2011 11:45. Posts 3557 | | |
| | On April 21 2011 10:04 dogmeat wrote:
poker is awesome and we will see if ur portfolio is even around in 5 years |
o it's definitely awesome. 100% wont argue that. In fact it would be so much easier if I thought the game sucked! Then I would have no problem staying away ><.
As for my portfolio, I shall pray for its safety. |
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| | On April 21 2011 10:04 dogmeat wrote:
poker is awesome and we will see if ur portfolio is even around in 5 years |
if thats not a troll, just call me ronald mcdonald trolly mctrollersauce |
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| rockman255: its not easy being superman U N0 MySteeZ: mega man. rockman255: same thing U N0 MySteeZ: no | |
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| | On April 21 2011 10:41 Uptown wrote:
Show nested quote +
On April 21 2011 06:03 DvoBoardRider wrote:
| | On April 21 2011 02:12 Uptown wrote:
I'm at a stage in life where poker makes Zero sense to play.
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then don't play. just play it when you think it's fun again.
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The challenge is not playing even if it is fun unfortunately. |
now we have a problem... |
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edit: i'm an idiot and can't understand sarcasm
gl to ya uptown, looks like you got your shit together. |
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| | Last edit: 21/04/2011 16:24 |
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hernandez Philippines. Apr 21 2011 21:11. Posts 19 | | |
| | On April 21 2011 10:45 Uptown wrote:
As for my portfolio, I shall pray for its safety. |
well played sir |
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K40Cheddar United States. Apr 21 2011 22:00. Posts 2202 | | |
| | On April 21 2011 03:10 Uptown wrote:
Show nested quote +
On April 21 2011 02:49 K40Cheddar wrote:
Uh b) doesn't get countered by 3) when the things you listed don't give you risk satisfaction |
does risk satisfaction mean "the satisfaction resulting from the thrill of taking risks and coming out on top"?
In that case I'll counter by arguing that (2) makes up for that fact. I have a portion of my portfolio for semi-active trading and taking positions on certain equities.
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Messing with a portfolio isn't playing a game. |
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Silver_nz New Zealand. Apr 21 2011 22:02. Posts 5647 | | |
| | On April 21 2011 11:48 rockman255 wrote:
Show nested quote +
On April 21 2011 10:04 dogmeat wrote:
poker is awesome and we will see if ur portfolio is even around in 5 years |
if thats not a troll, just call me ronald mcdonald trolly mctrollersauce
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I *thought* you needed a new name! I think "Meh McAghDon'tHurtMyFeelings" is much more accurate though! Just sayian.
Uptown McSrsBizNiz: Hey, I'm a big fan of your start up, but have you read Fooled by Randomness re. equities? here's the executive summary for you: news is poos |
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