Sunday, February 14, 2010

Knuckle Up

Things are moving really fast these days. Here are my results YTD. Over a small sample size, I can now say I am confident with $12 180-mans. The ROI is respectable, and the graph relatively low-variance. I've been 12-tabling so far to learn the games, but will now ramp back up to 18-tabling so I can achieve industrial strength. $36 180-mans have been kicking my butt, but over a negligible sample size. I have noticed some fear creep into me during lategame $36s. That is totally unlike me, so I will do my best to bludgeon it out of my brain.

If I really want to achieve my near-term goals, these results will not cut it. It truly is insanity to repeat the same things over and expect different results. The key concept in economics is opportunity cost; life is made up of continual tradeoffs. I only average an hour of tv / day, but I can definitely let that go. If anything is newsworthy enough, I'll hear about it eventually. I also apologize in advance to friends / family for temporarily neglecting them. It can be really difficult communicating different mindsets. I wish more people in my family were entrepreneurial; would make things 10X easier.

I've also helped out a fellow student by reviewing some of his HHs. After just a session or two, his mindset has completely turned around, along with his results. They say you can lead a horse to water, but I will drag his ass into the damn lake. More news to come.

Finally, I'd like to leave you with some inspirational quotes. Charlie Munger is Warren Buffett's right-hand man, and the wisest person I know of. The second quote is one of my favorites. If you are going to bitch about anything, bitch about yourself. Really learn to hate your own bad habits, and then destroy them.

"The safest way to get what you want is to deserve what you want."
-- Charlie Munger

"Whenever you think that some situation or some person is ruining your life, it's actually you who are ruining your life. It's such a simple idea. Feeling like a victim is a perfectly disastrous way to make go through life. If you just take the attitude that however bad it is in anyway, it’s always your fault and you just fix it as best you can – the so-called "iron prescription" – I think that really works."
-- Charlie Munger

"I will eat variance and shit $$."
-- vertek

1 comment:

  1. Great quotes from Charlie boy, but the last quote is the best lol.