Vegas, baby! We're back from the Vegas Patreon meetup and ready to deal. This week: how poker skills translate to investing success (and failure). Plus, Monkey on the mind-bending challenges that make investing so darn hard. What's at stake? Your portfolio, your sanity, and maybe a little bit of tilt!

🎴 Learn which poker skills can make you a better investor (and which will get you rekt).

🧠 Discover how your brain is *designed* to trick you into making bad investment decisions.

🎯 Position sizing: are you betting too big, or too small? Badger & Monkey debate.

💀 Hear about mistakes both hosts have made — and how YOU can avoid them.

📊 The Kelly Criterion: what it is, and how to use it to optimize your portfolio.

🌴 Why the WSW Patreon is like a "gated community" for smart investors.

🚀 $RKLB: Badger admits he may have been over-allocated. Lessons learned.

Sources:

Investor's Mirror App: https://apps.apple.com/us/app/investors-mirror/id6760048070

Segments:

00:00:00 Intro: Vegas Recap & Episode Overview

00:01:15 Poker & Investing: Surprising Parallels

00:02:47 Chess vs. Poker: Which is More Like Investing?

00:03:54 Good Decisions, Bad Outcomes: The Investor's Dilemma

00:05:15 Position Sizing: Don't Get Wiped Out!

00:06:45 EOS $EURN: When Conviction Goes Wrong

00:07:33 The Kelly Criterion: Optimal Bet Sizing

00:10:59 Pot Odds & Expected Value: Risk vs. Reward

00:12:44 Avoiding "Tilt": Emotional Investing

00:14:26 Knowing When to Fold: Cutting Your Losses

00:15:52 $AAPL Apple: A Mistake Badger Regrets

00:17:53 Staying Invested: The Power of Nuance

00:18:58 Reading the Table: Market Insights

00:20:47 Table Selection: Finding Your Edge

00:23:05 Key Takeaways: Process Over Outcome

00:24:54 Why Investing Is So Hard: Monkey's Perspective

00:39:14 Investor's Mirror App — Know Yourself to Outperform the Market

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If you want to see our furry faces, this podcast is also available on YouTube at ⁠https://www.youtube.com/@WallStreetWildlife?sub_confirmation=1⁠

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Monkey’s “Zen, Nietzsche, How to Live” Substack:

http://firephilosophy.substack.com

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Disclosure: Wall Street Wildlife hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation

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