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And The Obese Shall Inherit The Earth
Jul. 14th, 2008 08:33 amWhat with the failure of the Indy Mac Bank, and big troubles at Freddie Mac, I reckon that all those Americans who have put all of their savings into the Big Mac are now laughing on the other side of their stomachs.
Although I dread to think what would happen if a panic ensued and there was a nationwide fatty run on the Big Mac.
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Camel out in 75th, following Purle's earlier departure. Seems to me that all you need to do to win the World Series ME is to win the equivalent of four sit'n'goes on the trot.
Unless, of course, you are sitting at the same table as Phil Hellmuth, where the bias that will always be shown in his favour by the organizers will raise it to six sit'n'goes on the trot. I hope I never get so poor at poker that I have to get the organizers to fix things so that I win*. But, well, in the cash games he remains a laughing stock/giant fish, so I guess I should be whooping him on to win. All the money that goes into the cash game economy from tournament winners is fine by me.
Yes, Phil, you're great. Fancy a cash game?
(See also the camapaign against Sammy Awareness, where the great fear is that Farha will finally work out that he is a producer...)
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Poker players' ability to balls up all financial decisions outside of the poker economy never ceases to amaze me. We've all heard the tale of the great Tom McEvoy "investment", but I fear that this was surpassed by Ben Grundy's revelation that he used up nearly all of his bankroll at the start of the year to buy a house for cash, just as cash was becoming king. Hell, I might have bought a flat at around the same time, but (a) I knew that it was the top of the market -- I just had to make a decision on the flat downstairs -- and (b) I bought it with the Cheltenham & Gloucester's money. I kept my own money where it was, thank you very much. Given the increase in the number of properties I have seen coming up for auction in recent weeks, I might even be taking on a third property in two or three years (depending on how long it takes to reach the bottom of this particular cycle). And that would be for cash.
Still, Ben admitted that his bankroll management for two years had been poor, so perhaps tying up your money in a (very) non-liquid fashion is economically unwise in one sense, but is the sensible thing to do in a practical kind of way. After all, that's the only real advantage in pensions -- they are a savings mechanism for people who always spend all of their liquid assets.
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It transpires that OpenID on LiveJournal doesn't work properly, in that you have to enable anonymous comments for it to be available. Which kind of defeats the object of the exercise.
So I've re-enabled anonymous comments, but could I point out that just signing your first name is often not much use. Even somthing like "Matt H" would not be a unique identifier. Something like Ben (Liverpool) is vaguely helpful, but my problem with most such posts is that I have no idea where the poster is coming from (i.e., how old they are, what their expertise is, what their track record is, and whether, to be blunt, what they say is worth a fart). With other bloggers you can at least look up the blog and get some kind of background. With old hobby members I know quite a lot about them anyway, and if they are old forum posters then, once again, there's some kind of track record.
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A picture from the weekend. Birthday Girl
Although I dread to think what would happen if a panic ensued and there was a nationwide fatty run on the Big Mac.
________
Camel out in 75th, following Purle's earlier departure. Seems to me that all you need to do to win the World Series ME is to win the equivalent of four sit'n'goes on the trot.
Unless, of course, you are sitting at the same table as Phil Hellmuth, where the bias that will always be shown in his favour by the organizers will raise it to six sit'n'goes on the trot. I hope I never get so poor at poker that I have to get the organizers to fix things so that I win*. But, well, in the cash games he remains a laughing stock/giant fish, so I guess I should be whooping him on to win. All the money that goes into the cash game economy from tournament winners is fine by me.
Yes, Phil, you're great. Fancy a cash game?
(See also the camapaign against Sammy Awareness, where the great fear is that Farha will finally work out that he is a producer...)
*This relates to a ruling against Hellmuth at the end of day five that he should miss an orbit of play at the start of day six after he berated an opponent for calling preflop with 10-4 (which, in a way, shows how bad Phil actually is...). Hellmuth promptly went to "teacher" overnight (i.e., Pollack and the media interests, who call all the shots these days) and got the ruling overturned. So, he's a bad poker player AND a sneak.
____________
Poker players' ability to balls up all financial decisions outside of the poker economy never ceases to amaze me. We've all heard the tale of the great Tom McEvoy "investment", but I fear that this was surpassed by Ben Grundy's revelation that he used up nearly all of his bankroll at the start of the year to buy a house for cash, just as cash was becoming king. Hell, I might have bought a flat at around the same time, but (a) I knew that it was the top of the market -- I just had to make a decision on the flat downstairs -- and (b) I bought it with the Cheltenham & Gloucester's money. I kept my own money where it was, thank you very much. Given the increase in the number of properties I have seen coming up for auction in recent weeks, I might even be taking on a third property in two or three years (depending on how long it takes to reach the bottom of this particular cycle). And that would be for cash.
Still, Ben admitted that his bankroll management for two years had been poor, so perhaps tying up your money in a (very) non-liquid fashion is economically unwise in one sense, but is the sensible thing to do in a practical kind of way. After all, that's the only real advantage in pensions -- they are a savings mechanism for people who always spend all of their liquid assets.
__________
It transpires that OpenID on LiveJournal doesn't work properly, in that you have to enable anonymous comments for it to be available. Which kind of defeats the object of the exercise.
So I've re-enabled anonymous comments, but could I point out that just signing your first name is often not much use. Even somthing like "Matt H" would not be a unique identifier. Something like Ben (Liverpool) is vaguely helpful, but my problem with most such posts is that I have no idea where the poster is coming from (i.e., how old they are, what their expertise is, what their track record is, and whether, to be blunt, what they say is worth a fart). With other bloggers you can at least look up the blog and get some kind of background. With old hobby members I know quite a lot about them anyway, and if they are old forum posters then, once again, there's some kind of track record.
______________
A picture from the weekend. Birthday Girl
