| This is a discussion on PRINCIPLE 1 PATIENCE within the online poker forums, in the Learning Poker section; 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 ... |
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| PRINCIPLE 1 PATIENCE 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. But that's EXACTLY what Buffett does... He waits. And waits. And waits. He KNOWS that sooner or later, a GREAT opportunity will come up... and then he'll jump on it. It's the same way with poker. You've GOT to be patient. We all want to "get in there" and make strong bets... bluff out opponents... and take down lots of pots. We want ACTION. BUT THAT'S NOT HOW YOU DO IT. You've got to sit back... be patient... and WAIT. Wait for good cards. Wait for the PERFECT time to bust the manic at the table. Wait for the PERFECT time to steal the blinds. Wait for the PERFECT time to bluff out an opponent. Wait for the PERFECT time to go all-in. And then when you DO make a move... |
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