Motionless markets like we’ve been in lately can be a real test of patience. Michael Covel posted a great clip from Boardwalk Empire recently that talks about the importance of patience when you have no substantial edge. Hat tip to Charles Kirk for making me aware of it. (There is some foul language in the clip.)
http://www.michaelcovel.com/2012/08/06/the-definition-of-an-asymmetric-bet/
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