Fund manager Gabriel Sacks shares his Asian investment insight and highlights the supreme importance of engagement...
It is usually extremely unwise to treat investing as a kind of gambling. Conversely, many of the best high rollers do all they can to make gambling more like a sort of investing. Counting cards offers an illustration. A strategy used in blackjack to overcome a casino's "house edge", it involves keeping a running count of high-value and low-value cards as they are dealt. The idea is rooted in statistical evidence that high cards tend to benefit a player and low cards tend to benefit the dealer. Card counters generally "bet bigger" when more of the former remain in the deck and play rel...
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