Red Joker Rules: 35 Rules of Gambling That All Investors Should Know by Pat Holland

What Investors Can Learn from Gamblers This is a sparkling book of advice from a gambler to traders and investors. Both situations begin with a common pool of money. Through a mixture of skills, self-control and sheer luck, some players gain more than others. The skills that spell success in gambling have, over time, been distilled into a number of "rules". This book reveals 35 such rules. It is fascinating to see how you can profit by correctly applying these rules to investing and trading. The caveat, though, is that you must thoroughly understand the rules you use. As the author puts it, "Professional gamblers put a good deal of study . . . before they risk their money. You can similarly improve your investment edge by mastering a few likely investing situations."