Those who are experts in Finance might think that gambling, money management, and investment have nothing in common. But there are more commonalities than differences if you look closer. There are no better places to look for these commonalities than a casinos.
There is an observation among gamblers that in the long run the casino wins. In investing, the investor wins in the long run due to the power of accrual and time. Game theory can both be applied to gambling and investing. Money management at the casino is minimizing risk through gambling strategies.
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