“You can’t lose what you don’t put in the middle. But you can’t win much, either.”
-Matt Damon, Rounders
In college, I played a lot of poker.1
Terribly.
I could never decide if I was bad at poker because I was gullible2 or inexperienced with probability, but either way, I was bad. Eventually, I realized that I valued keeping my money more than losing it…