The Art of Investing - Professional Gambler

Average gambler like to let "Luck" to dictate the outcome of their games. Money is often more important than the game for the average gambler. This often why, the casino across the globe is rich. Professional Gambler know it is not the "Luck" that decide who win who lose. Is the "skill" to be learned that is most concerned. The game is more important that the money. They know for every game, it is very little to do with the money. The know the odd of winning reset for every new game. The previous result of the game has very little to do with the new game result. They learn how to master the game, and use other people money to play for them. It is same apply to the concept of professional investor who use other people money to invest. The professional gambler follow the rule of the game, which is:

1. As long as the money is on the table, it is not your money, is the house money
2. The game is more important than the money
3. Put the money in the game, get your money back, continue using the house money to play, repeat the process
4. The house money is the money you win from your own money.
5. Your money is the money you take out from your pocket.
6. The ultimate goal of the professional gambler is to play the game by using house money, while their own money is off table. Which mean, their risk is zero, yet the reward could be unlimited depends how well they play the game.

The concept is simple, but the application is very wide. The same concept is very similar to the world of investing. The professional investor think like professional gambler, they like to put their money into an asset, get their initial investment money back, continue controlling the asset, use the initial money to invest into a new asset, get the money back again, repeat the process.