Another poker and investing post

At a forum called 2+2, poker players post hands that they’ve had problems with and ask other poker players to give advice and strategy.  What is very interesting in the forums is that players can post their hands and the action on from pre-flop to the river, but they cannot post the results.

Below is a sample post from the forum:

Button ($21.55)
Hero ($52.55)
BB ($19.50)
UTG ($204.09)
Preflop: Hero is SB with K, K.
UTG raises to $1.5, 1 fold, Hero raises to $3, 1 fold, UTG calls $1.50.
Flop: ($6.50) 5, 9, 2 (2 players)
Hero bets $4.5, UTG raises to $19, Hero raises to $49.55 (All-In), UTG calls $30.55.
Turn: ($105.60) 3 (2 players, 1 all-in)
River: ($105.60) 2 (2 players, 1 all-in)
Final Pot: $105.60

Notice there are no results in the post.  There is a very good reason no results are posted on these forums.  That is because RESULTS DON’T MATTER.  All your decisions are made prior to seeing the results, therefore the actual results don’t matter.

We are so results oriented that we don’t realize that results don’t matter when analyzing failed or winning investments.  Just because your investment went bad and failed doesn’t mean you made a bad investment.  You have to look back and analyze your decisions based on the information that you had at that time.  If you review your decisions and conclude that they were sound and correct, thats all you can hope for.

UTG shows 23 and wins: $105.60

Does it matter?  Would you have played it any differently?

About Kenric

My blog about living life to the fullest by generating passive income through real estate, business and online investments.
This entry was posted in Finances, Gambling. Bookmark the permalink.