Word: gambler
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...real” job, and perhaps they have a point: “Let’s say you want to marry a girl. ‘What’s your job?’ ‘I’m a professional gambler.’ Like, c’mon.” Darkhawk requested his online moniker be used instead of his real name for this piece, expressing concern that his gambling activity could have ramifications for his impending graduation. He says that if he does find a good enough job, he?...
...ways, it’s harder to be a professional gambler than to work on Wall Street because on Wall Street, you’re really screwing around with other people’s money,” Ian says. “To be blunt, a lot of them really don’t have enough of their own skin in the game.” Though some poker players might be capable of beating a bigger game, they don’t move into higher stakes because they know that their bankroll can’t withstand...
...matters. It’s the difference between magnifying a single dip or rise in the Dow Jones and seeing it from a few feet away as a simple hiccup in a concerted (and, for the expert poker player, orchestrated) upward trend. You’re not really a gambler until you’ve gone broke and made it back. “Losing is normal. You’re supposed to lose,” Darkhawk says. “Winning has to be detached from how well you’re playing...
...Murdoch can somehow figure out how to make money while other news companies wither in advertising-only models, he could have a little monopoly. "Murdoch has always been a huge gambler, but a calculated gambler," says Roy Greenslade, who worked for Murdoch for several years in Britain and is now a media columnist. "And he's always had a desire for a monopoly." Greenslade, for the record, thinks Murdoch is barking up the wrong tree...
...going to fare very well. It's the old gambler's-ruin problem: you can only lose so much and you're not likely to keep making money indefinitely, so you're going to get wiped out eventually. But some players are big enough to triumph. They have low trading fees and get the best prices on their trades. They're the ones definitively moving prices. It's not the small speculators that we should be worried about. It's the larger speculators, like the investment banks. Because they don't even have to worry about getting wiped out - they...