Six Lessons for Investors from The Gambler
One of the most famous songs by or about cash is Kenny Rogers’ ‘The Gambler’. While the origins of the song may have been meant for playing card games, such as poker, the lyrics contain insights that apply equally well to speculators of all types including investors and traders alike.
In this song, two travelling fellas find themselves sitting on a train together, staring awkwardly into the darkness outside and at each other. The gambler, sensing an opportunity finally breaks the silence and proposes a trade: his advice for the last of the traveler’s whiskey. While it’s tough to say who got the best of that trade, here are six important lessons for investors to ponder that came from that exchange.