Karen Wagg's blog yesterday highlighted a book by Aaron Brown, executive director at Morgan Stanley, which claims finance and poker are very similar and investment professionals can learn a lot from good poker players.
So the question I have to ask is why weren’t there any fund managers in the final of Royal London Asset Management’s (RLAM) poker game last night? The shocking answer to this is four journalists and Karen Wagg herself – marketing communications manager at RLAM – wiped them all out in the initial rounds. It makes me chuckle a bit when I think of the conversation I was having with a fund manager before the game, who was describing his job to me as taking risks and making decisions on what the market may do and how assets may perform. If investment really is like poker then it’s slightly...
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