The Ultimate Takeaway

The common misnomer is assigning the word “gambling” to “calculated estimate, with a random outcome, within a range of ultimate outcomes, that looks a LOT like the lattice.”

  • Loose lips assign simple, wrongful definitions in order to understand the complicated.

  • This is rampant in every walk of life, financial topics is at the very top of that list.

  • “Insurance is like gambling.” YIKES.

  • You not understanding this? If you cannot look and identify the sucker at the table, then…guess what? You got it.

Unconvinced? Perhaps you should watch:
MIT 15.S50 Poker Theory and Analysis, IAP 2015 on YouTube

Or this: