Managing Money

dno
> It occurs to me that with the current state
> of Wall Street, corporate fraud and the
> fleecing of hard working people's 401k's and
> other pension vehicles, that the
> "victims" of this fleecing had a
> chance to defend themselves or avoid being
> fleeced entirely.

> Flat out gamblers, like poker or blackjack
> players know that to stay in the game you
> have to have a stake and maintain it.

> Conventional wisdom demands that some
> portion of ALL winnings need to be removed
> from the game to ensure the long term
> ability to continue playing.

> Does anyone participating in this forum know
> of any expert gamblers money management
> books or other materials that detail how to
> effectively play the statistical odds and
> remove the correct amount of winnings at the
> correct time?

> Please post any titles or sources of such
> data.

> Thanks for the help.

> Best to you,

> Steve