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I've been worried about myself because I've been waking up with that old feeling of despair and hopelessness. This accelerates for an hour or so until I am walking from the station over London Bridge, at which point in the past couople of days it has edged towards full-blown tears. However, it then fades until around lunchtime (now) and I don't feel so bad. In the evening I have been okay. I've also been adopting the various mind-games to banish this kind of feeling.
But then I thought to myself, "Hold on thar, Birksy! Waking up at 5.30am? Depressed? Got to go to work in an office that is basically plain shite? Perhaps this is less a chemical imbalance and more a rational response!"
So, let's see how I feel on Friday morning when I can have a lie-in.
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Had a great get-out last night after some bad cards and an experiment that blew out badly.
The experiment:
There's one player on Pacific who plays Aces in a particular way. He will raise and, if reraised from the blind by a decent player, he will call. Then, on a low flop (he always seems to get a low flop), he will raise the continuation bet and, quite often, stack off an opponent with something like Jacks or Queens -- a hand that might have folded pre-flop.
Whenever I have tried this (a grand total of twice), the flop comes something like KJx and I get shat on. So much so that I'm not going to try it again. It's a trick that doesn't work for me. Simple as that.
So, after that $100 stack-off (reraise on button had JJ and I check-raised the KJx rainbow flop, quite willing to call the shove or the gradual card-by card bets), I hit a bad run and fell to some $200 down. I then noticed that I'd managed to play an entire hour on one table subscribing 50 cents a hand to the jackpot! Not happy.
Luckily, I then hit 44 in MP1 at the $200 table with $200 in front of me. I raised to $6 and got a reraise to $15 from the button ($660 in front of him, dangerous). Big blind (loose) called with about $140 in front of him. I'm definitely getting value for my call here.
$46 in pot.
Flop came 864 two clubs. I'm donk-leading a small amount here if the blind checks, representing either a weak overpair or a draw of some kind. He does. I bet $16. Initial raiser pops it up to $56 or thereabouts and Big blind shoves. I ram my chips in and button calls.
Turn was a 6 and river was a club. Button shows Ax of clubs and Blind shows Kx of clubs. $540 pot to Peter. Woo hoo. Wot a get out. Go to bed.
++++++++++++++++
Terrence Chan links to a Forbes article on Andy Beal which has the following interesting commentary. Move over Buffett, I say:
I knew there was money to be made in buying up the right toxic assets, and Beal would appear to be "The Man" here. I can't see any way in for the smaller private investor, unfortunately, although there are minor equity options (e.g. the Pearl flotation to buy life books at depressed prices). Beal reckons this is the opportunity of a lifetime and that he will have a $30bn bank within five years. I, for one, wouldn't gainsay him.
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But then I thought to myself, "Hold on thar, Birksy! Waking up at 5.30am? Depressed? Got to go to work in an office that is basically plain shite? Perhaps this is less a chemical imbalance and more a rational response!"
So, let's see how I feel on Friday morning when I can have a lie-in.
++++++++++
Had a great get-out last night after some bad cards and an experiment that blew out badly.
The experiment:
There's one player on Pacific who plays Aces in a particular way. He will raise and, if reraised from the blind by a decent player, he will call. Then, on a low flop (he always seems to get a low flop), he will raise the continuation bet and, quite often, stack off an opponent with something like Jacks or Queens -- a hand that might have folded pre-flop.
Whenever I have tried this (a grand total of twice), the flop comes something like KJx and I get shat on. So much so that I'm not going to try it again. It's a trick that doesn't work for me. Simple as that.
So, after that $100 stack-off (reraise on button had JJ and I check-raised the KJx rainbow flop, quite willing to call the shove or the gradual card-by card bets), I hit a bad run and fell to some $200 down. I then noticed that I'd managed to play an entire hour on one table subscribing 50 cents a hand to the jackpot! Not happy.
Luckily, I then hit 44 in MP1 at the $200 table with $200 in front of me. I raised to $6 and got a reraise to $15 from the button ($660 in front of him, dangerous). Big blind (loose) called with about $140 in front of him. I'm definitely getting value for my call here.
$46 in pot.
Flop came 864 two clubs. I'm donk-leading a small amount here if the blind checks, representing either a weak overpair or a draw of some kind. He does. I bet $16. Initial raiser pops it up to $56 or thereabouts and Big blind shoves. I ram my chips in and button calls.
Turn was a 6 and river was a club. Button shows Ax of clubs and Blind shows Kx of clubs. $540 pot to Peter. Woo hoo. Wot a get out. Go to bed.
++++++++++++++++
Terrence Chan links to a Forbes article on Andy Beal which has the following interesting commentary. Move over Buffett, I say:
Now, while many of those banks struggle to dig out from under a mountain of bad debt, Beal is acquiring assets. He is buying bonds backed by commercial planes, IOUs to power plants in the South, a mortgage on an office building in Ohio, debt backed by a Houston refinery and home loans from Alaska to Florida. In the last 15 months Beal has put $5 billion to work, tripling Beal Bank's assets to $7 billion.
I knew there was money to be made in buying up the right toxic assets, and Beal would appear to be "The Man" here. I can't see any way in for the smaller private investor, unfortunately, although there are minor equity options (e.g. the Pearl flotation to buy life books at depressed prices). Beal reckons this is the opportunity of a lifetime and that he will have a $30bn bank within five years. I, for one, wouldn't gainsay him.
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