A stockbroker, like a poker player, works with odds and must know when to invest and when to leave a business, but how far do the similarities between brokers and players go?
Interesting. I think there are parallels (rather than similarities) that can be drawn between poker and the market.
Stock fundamentals = hand ranges: while we would evaluate the financial fundamentals of a company or fund, before deciding whether to invest, we also evaluate our starting
hands numerically, before deciding whether to enter the pot.
Risk level: higher risk can mean higher rewards, but can also result in a quicker loss of capital. Understanding our risk is always important.
Selling interest = folding our hand: knowing when to get out of an investment or a hand is important to manage our losses. We do not need to wait for a company to dissolve in order to get out and we don't need to invest all of our chips before deciding to fold.
Variance: we have no control of the company or the fund we have invested in, we merely watch and react. We also cannot control the cards that come, we can only watch and react.
I do like think of each hand as a separate investment, rather than just a game. This allows me to think a little more critically about it.
Good luck and God bless.