Quitting your job to play fantasy sports full time in 2014 is ≈ quitting your job to day trade full time in 1999. http://mobile.bloomberg.com/news/2014-01-06/fantasy-sports-luring-wall-street-in-its-fastest-growing-sector.html …
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Replying to @trengriffin
@trengriffin hardly. Surprising amount of skill in fantasy sports, particularly baseball and basketball (football more luck)1 reply 0 retweets 0 likes -
Replying to @benthompson
@monkbent "to break even you must win 5 games for every 4 you lose" due to the house rake. It's a < zero sum game. http://www.fantasysportsleader.com/rake-comparison/ …1 reply 0 retweets 0 likes -
Replying to @trengriffin
@trengriffin well, I do agree there will be lots of folks that play it who shouldn’t ;)1 reply 0 retweets 0 likes -
Replying to @benthompson
@monkbent Charlie Munger "I won't bet $100 against house odds between now and the grave." In < zero sum game losers exist for every winner2 replies 0 retweets 0 likes -
Replying to @trengriffin
@trengriffin I will concede as I don’t know enough about those daily games. But I do think there is more skill than daily stock picking1 reply 0 retweets 0 likes -
Replying to @benthompson
@monkbent The expert in skill vs luck is@mjmauboussin. https://www.credit-suisse.com/us/en/news-and-expertise/news/economy/global-trends.article.html/article/pwp/news-and-expertise/2013/12/en/skill-versus-luck-in-investing.html …1 reply 0 retweets 0 likes
@trengriffin @mjmauboussin sure. Completely agree re: investing. My contention was that fantasy sports has *more* skill, but who knows...
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