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Old October 5, 2000, 10:30 AM
Jason van Hooft
 
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Default Lay your cards on the table and prepare to loose

Interesting observation Dien.

Recently one of Australia's richest men, Kerry Packer was reported to have lost nearly 70 million in a Las Vegas Casino. He is also a Billionaire.

In my research into highly successful people I have always found they have an ability to "read the pack", forecast trends, and know their competitors next move before they make it. I don't think that it can be attributed to instinct, rather knowledge. A careful study of markets, watching patterns and forecasting.

All these things do have some value in gambling, and this could make the chase a bit more fun for people who can read others well - then again, it could just be that they are filthy rich and don't mind blowing a few million here and there - let's face it, if youve got the money, and can afford to loose it, gambling is a lot more exciting that monopoly!

But as for those billionaires that were gambling long before they made their money, it could just be that killer instinct that tells them they have to play to win.

Interesting subject though. As I was recently in Vegas, I was knocked over by the amount of people addicted to playing those one armed bandits - they all had a need to "play to win", but something tells me most were not winning

I'd love to hear some others thoughts on this.

Have a great day...
Jason van Hooft


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