I read a book by Peter Lynch many years ago (Google him if you don't know who he is). This is what Lynch wrote (I am paraphrasing):
"In school we get a lot of B's and C's, and if we are smart enough maybe we also get some A's. But most of us never get any F's. Well...in the money games that we often get involved in during our lives, we all get a lot of F's, and it's a shock to our system because we are not used to such blunt signs of 'failure'. But make no mistake...whether we survive or not in the investment world will depend on how well we handle these 'failures' that we all have to deal with when we are trying to grow our money".
Peter Lynch was talking mainly about the stock market, of course...but he was also a poker and a bridge player. And his above statement applies to the horses as well. We all have to learn to properly deal with "failure", otherwise the gambling arena will eat us up alive. And when we insist on using multiple conflicting handicapping methods...it seems to me that this indicates an inability to deal with the inherent "failure" that we all must endure in this game. And I am against the use of such a cowardly compromise.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
Last edited by thaskalos; 05-14-2023 at 04:35 PM.
|