I have long wanted to discuss the following topic with users and participants in gambling discussions. Do you think Nassim Teleb's philosophy can be of any use in gambling? His various ideas and theories? Let me just list some of his ideas and you can comment on how, if any, benefits can be gained from this:
1. Ideas from the book “Fooled by Randomness.” There are many ideas that boil down to the fact that we often mistake randomness for a pattern.
2. Ideas from the book “Black Swan”. Strategies based on anticipation of the Black Swan.
3. Ideas from the book “Antifragile.” By the way, the concept of “barbell” is also from this book. Keep 90% of the bank in conservative assets and 10% in high-risk assets.
4. Ideas from the book “Skin in the Game”.
If you think any of these ideas can be applied to gambling, explain why you think so and how specifically it can be applied. If you believe that Nassim Taleb's ideas only apply to options trading and not to gambling, tell us more about your position.
I never had read this far to know about these theories thus I can actually relate with the one bold above, #3. When as a gambler or trader, the 90 percent of our total income or assets should be safe and secure than using that amount we can't be bear the lost to invest or gamble. That is to say of every total income that is coming maybe it may not be all but at least should be able to spare out 10 percent for gambling than put 90 percent into trading, gambling or online investment it could be more safer with bank than any other platform I think.
Any other person can correct me if I am wrong.