Gambling is fine as long as you've sized the risk appropriately
Behavioural edge in investing
Takeaway
Behavioural edge in investing comes from being able to do things that are unpopular. Everyone loves to gamble, the more important thing is to size your risk appropriately.
Behavioural edge and why it's difficult
John Huber likes to divide the "edge" you can get in investing into three main sources:
Information advantage - you have more/better infor…