From the Poker Table to the Trading Floor: Inside the Mind of Wall Street Traders | W

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#1
From the Poker Table to the Trading Floor: Inside the Mind of Wall Street Traders | WSJ
https://m.youtube.com/watch?v=CamgBXjnSik
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#2
This video is worth (at least to me) spending more than its 17min length to do replays, and one of the rare ones which I don't use 1.75x speed.

(1) Pocket 3s --> buying an inexpensive option. The folks exploiting it are those who get "regular income" via option premiums through selling them. Nothing wrong with that because if the followers of Taleb are the majority, then it has to be profitable and vice versa.

(2) Assuming the current state of the world is going to be the future state of the world --> The famous Sporean hedge fund manager who blew up at the start of the year, immediately came to my mind. While our hedge fund manager has paid a lesson for us, but I have to admit that this is a state of mind that takes decades (or maybe never) to change.

(3) Watching you watch the flop: I thought the 2 guys were watching the WSJ host because she was physically attractive.... Turns out that's how the game is played. Ok, it is surely easier to play this watching game on an attractive person. Big Grin
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