Smash Notes

How Do You Gamble Without Losing Money

at 8:47

From the episode: Nassim Nicholas Taleb on Rationality, Risk, and Skin in the Game

Answer

Be diligent about only playing with the house money. Start with a small bet, and if you lose, place an even smaller bet. When you win, take the winning money, and use that to continue playing.

Where this answer comes from

People

More notes from this episode

More answers like this

More with Nassim Nicholas Taleb

More with Russ Roberts

Related episodes

Plays from this note through the rest of the episode.

Weekly highlights

One letter a week.

The notes worth hearing, with the minute they were said.