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skills and numbers

2012/05/15

A lot of talk lately goes around commenting that our (Greece) political leaders use gambling terms to describe both EU’s stance and their opponents. Which reminded me something that I read at the second page of “Why can’t you just give me the number?“:

Endeavor Gets into the game Gives competitive advantage Needed to win
Poker Knowing the odds Skills Both
Business Skills Knowing the odds Both

→ [In Poker] knowing the probabilities just gets you into the game; in order to win, you need additional skills.

→ The reverse is often true in business – the players have the skills but do not understand the odds.

This pretty much sums it all.

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