First question: Have you ever played poker? I mean real poker, with real money at stake. (“Real” money, of course, being a relative term—primarily relative to your current net worth.)
Second question: Have you ever been losing at poker, with real money at stake?
You play differently when you’re losing than when you’re winning, don’t you? That’s because there’s more pressure when you’re losing.
And when the pressure’s on—when the stakes are the highest—we tend to play more conservatively. We take fewer chances. ...
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2018