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Dear Poker Player,

Warren Buffett is one smart dude. And RICH.

He’s the second richest man in the WORLD… right behind
Bill Gates. Forbes estimates that his net worth is $40
BILLION.

(How’s THAT for a bankroll?)

What’s interesting about Buffett is that he made his fortune
over a LONGGG period of time… by consistently beating the
stock market year after year after year.

He wasn’t one of those “overnight” dot-com billionaires.

He wasn’t “lucky” to be in the right place at the right
time.

He didn’t “invent” some new technology that changed the
world.

Nope… all he did was invest and “pick winners” over and
over. Since taking control of Berkshire 40 years ago,
Buffett has delivered a compound annual return of 22%.

AND JUST BY DOING THAT, he became the 2nd richest man alive.

OK– so why am I rambling on about 75-year old man who’s
good at investing?

The reason is because I’ve realized that there are DOZENS of
important parallels between the STOCK MARKET and POKER.

Here are just a few:

* The stock market is often considered “gambling”, due to
its unpredictable nature… just as POKER is often
considered gambling, even though it’s a SKILL game.

* The stock market has a heavy emphasis on odds and
mathematics… just like poker.

* The stock market is predominately a male-driven
industry… just like poker.

* The stock market has PLENTY of up’s and down’s, and
“streaks”… just like poker.

* And so on.

Of course, these are “surface” similarities.

Now think about the PSYCHOLOGY of poker and the stock
market… and how they’re often EXACTLY THE SAME:

* In the stock market, everyone dreams of buying that one
MIRACLE STOCK that will go from $2 to $200 and make them
rich…

In poker, everyone has their “pipe dream” of winning a huge
million-dollar tournament on ESPN.

* When a stock tanks, most investors FREAK OUT and
immediately make several bad investment http://pusatqq.id/pusatqq.id decisions in a row.
It’s usually THESE decisions that hurt them the most.

In poker, this is known as “tilt”. Bad beats cause some
damage… but it’s usually the decisions you make AFTER the
bad beats that cause you to lose the game.

* Believe it or not, most stock investors come out on the
LOSING END over time… even though the market has
historically gone UP year after year.

Most poker players end up losing over time also, despite all
the “fish” out there to prey on.

* And so on.

OK, so you get the idea.

Lately I’ve been reading a lot of books about the stock
market… and especially about Warren Buffett. (Hell, I need
somewhere to invest all these poker winnings!)

Anyway, here’s what’s REALLY interesting:

Warren Buffett’s INVESTMENT APPROACH is almost identical to
the POKER STRATEGY I use every day.

And it’s the SAME approach used by top poker pros to
consistently win tournaments and ring games…

Interesting, huh?

Of course, it makes sense when you think about it.

If poker and investing are similar, then the guys who beat
the STOCK MARKET probably use the same techniques as the
guys who win at POKER.

And who better to learn poker from than the “KING” of the
stock market… and the 2nd richest man in the world?

*** WARREN BUFFETT’S WINNING APPROACH ***

Warren Buffett operates on PRINCIPLES. He doesn’t get caught
up in “hype” or emotion.

Below are the five MOST IMPORTANT principles that he follows… and how they relate to your poker game.

PRINCIPLE 1: PATIENCE IS KEY.

Patience, patience, patience!

It’s the number one mistake that causes most poker players
to lose… and it’s one of the “secrets” to Buffett’s 22%
annual returns.

Warren Buffett does not make an investment unless he is
absolutely 100% confident that it will make him money.

That means he PASSES UP a lot of great investment
opportunities.

Warren Buffett has said “no” to stocks that ended up
increasing by 10,000%!

But more importantly… he’s passed up all those other
stocks that LOOKED GOOD, but PLUMMETED later.

The problem is, us human beings are addicted to ACTION and
MOVEMENT and EXCITEMENT. We don’t want to just sit around
and WAIT.

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