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Doyle Brunson Super System 2 Francais Pdf Printer카테고리 없음 2020. 2. 10. 15:23
Starting today anyone who wishes to obtain a Texas driver's license must. The 30-day requirement would be waived for anyone surrendering a valid out-of-state driver's license - but they would still have to show proof of residency. The requirement of a 30-day residency is courtesy of a change to the Texas Administrative Code last April. The change is clearly intended to prevent immigrants from obtaining a Texas driver's license. As many immigrants move in with family members and friends they don't have insurance or utility bills in their names.
As many immigrants operate in a cash economy, they don't have bank accounts. The 30-day requirement only means that there will be more folks out on the roadways who will be breaking the law every time they get behind the wheel to drive to work. It seeks to deprive immigrants of the ability to obtain a valid picture ID.
Instead of creating a group of criminals by fiat, the state should be looking at ways to integrate folks into our society. Regardless of how you feel about illegal immigration, preventing newly arrived immigrants from obtaining a driver's license isn't going to solve any problems.
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It will just increase the number of people on our roads with a license or insurance. IT IS WONDERFUL TO KNOW THAT IN THIS WONDERFUL COUNTRY THERE ARE PEOPLE LIKE YOU. WE 'ILLEGALS' ARE IN THE MAJORITY. GOOD, HARD-WORKING PEOPLE WHO HAVE RISKED THEIR LIVES BY COMING HERE, THEY DO NOT WANT TO TAKE ADVANTAGE OF THE SYSTEM. WE WOULD LOVE TO FEEL WELCOMED, AS THE EUROPEANS WERE WELCOMED A CENTURY AGO.
IT WOULD BE MORE PRODUCTIVE IF POLITICIANS WOULD FIND WAYS TO HELP US IN THE SAME WAY THAT MANY OF OUR 'ILLEGAL' SONS & DAUGHTERS HAVE GIVEN THEIR LIVES FIGHTING IN FOREIGN WARS.LIKE SOME 'LOYAL AMERICANS' (CLINTON, CASSIUS CLAY AND OTHERS) DID. WE LIVE IN THIS COUNTRY AND WORK IN JOBS FEW AMERICANS ARE WILLING TO DO. GOD BLESS YOU FOR TRYING TO OPEN THE EYES AND HEARTHS OF THE ONES WHO HAVEN'T LIVED HUNGER,FEAR AND HUMILIATION. I read your blog entries about the immigrants DL and I have two observations that as a conditional permanent resident, an immigrant, and academic tickles my fancy.
I have quite a collection of 'temporary visitor' and 'limited term' DLs from Texas, having had to prove I am legal every year as an international student, and conditional permanent resident. According to my math I will need to renew the license probably three more times in a matter of one year and a half in order to finally receive a license with a normal expiration date and without being branded differently. First with each renewal, every half year, or every year (students such as myself) or potential immigrants are asked to take the vision test, simply because they have to 'renew' their licenses in person, and this automatically asks for the vision test.
So while American citizens can renew online and not be subject for vision tests for up to 12 years, immigrants are asked to say the A, B, C every single time they are renewing. Now, I am not easily getting offended, but since I've been in academia for over a decade, one can read this attitude differently and be considered discriminatory.
The DMV could easily change the policy and not ask for a vision test every time an immigrant comes to show papers, since this is a matter of proving your legal status, rather than proving you can still see as well as an American, every single time. I am not sure if other immigrants have been annoyed by this nonsense, but I'd be curious to find out. True, once a DMV employee did not ask me for the vision test as she was following the same logic as myself, however the next time I went- about 5 months later - I had to prove I am able to see, once again.
Secondly I have had problems renting a car abroad, as renting companies want to see you've driven for more than a year. Since every single year I had to renew, I always look like i've been driving for a month, or two, or four. Also cops in countries such as my own want to see a license with an expiration date longer than one year. In other words the 'limited term' DL is frowned upon not only by law enforcers here, but also abroad. Explaining how, and why it is limited term license why you are legal, just makes for an interesting experience abroad. I wonder if the Texas Department of Public Safety would address these issues, if there were a strong enough voice against these annoyances.
I am not intending to sue the DMV over such issues, but am curious to know if anyone out there had similar experiences/impressions, or I just need to chill, and waste several more days of my life in DMV offices, an experience that makes one a true American after all, a right of passage as my wife calls it. I would like to add to my post from August 2nd, this link. I am not sure if this act is meant to be put into action in January 2013, or if it should be in effect but nobody cares/everyone is blind.
My understanding is that as much as the US government is concerned, conditional permanent residents should be allowed to receive normal driver licenses like US citizens, permanent residents and refugees. Yet this has not been applied in Texas. To that extent one would have to renew his/her license 2 more times before getting a normal, no limited term nuisance DL. To make matters worse many states don't allow for a transfer of the temporary term DL for out of state applicants, which means more testing, more DL trips, more discrimination, etc.
“Step right up and try your luckspin the wheel and watch where she landseverybody’s a winner” – sometimes if you listen hard enough you can almost hear the Carney coaxing unwary investors to “step up and try their luck” in a game that in many ways have become rigged against them. During the last three decades, it has been amazing to watch the transformation of Wall Street from a place where individuals actually invested to a “casino” where institutions controlled the outcomes through high-speed automation, algorithms, and liquidity. But nonetheless, individuals continue to stroll through the doors of the “Casino Wall Street” to try their luck by betting “against the house” for a dream of riches. However, just as anyone who has been to Vegas knows, you do indeed win sometimes; but the “house” wins most of the time. However, “professional gamblers” can succeed at playing the odds in both Vegas and on Wall Street.
Because they understand “risk” in its various forms. While most amateurs will bet on most hands, take speculative positions where the odds of success are stacked against them or try to bluff their way through a losing hand; professionals play with a cold, calculated and unemotional discipline.
The professional gambler understands the odds of success of every play and measures his “bets” accordingly. He knows when to be “all in” and when to “fold and walk away.” Do they succeed all the time – of course not. However, by understanding how to limit losses they survive long enough to come out a winner over time. 10 Lessons Learned From Poker 1) You need an edge As Peter Lynch once stated.
“Investing without research is like playing stud poker and never looking at the cards.” He’s absolutely right. There is a clear parallel between how successful poker players operate and those who are generally less sober, more emotional, and less expert. The financial markets are nothing more than a very large poker table where your job is to take advantage of those who allow emotions to drive their decisions and those who “bet recklessly” based on “hope” and “intuition.” 2) Develop an expertise in more than one area The difference between winning occasionally and winning consistently in the financial markets is to be able to adapt to the changing market environments.
There is no one investment style that is in favor every single year – which is why those that chase last years performing mutual funds are generally the least successful investors over a 10 and 20 year period. Flexibility is the cornerstone of long-term investing success and investors that are unwilling to adapt and change are doomed to extinction – much like the dinosaur. Having a methodology that adapts to changing market environments will separate you from weak players and allow you to capitalize on their mistakes. As the great Wayne Gretzky once said. “I skate where the puck is going to be, not where it has been.” 3) Figure out why people are betting against you. “We know nothing for certain.” We know what a company’s business is today, maybe even what they are most likely to do in the coming months. We can determine whether the price of its stock is trending higher or lower.
But in the grand scheme of things, we don’t know much. In fact, we are closer to knowing nothing than to knowing everything, so let’s just round down and be done with it. All we really know is what “IS,” and all we can really do is create and implement a plan that will deal with what “IS” and protect us from what “Might Be”. Managing a portfolio for “what we don’t know” is the hardest part of investing. With stocks, we have to always remember that there is always someone on the other side of the trade. Every time some fund manager on television encourages you to “buy,” someone else has to be willing to sell those shares to you. Why are they selling?
What do they know that you don’t? In poker, you may hold a couple of “aces” in your hand and believe now is the time to be “all in.” However, the player sitting across from you continues to match your bets. In poker, this is called “checking,” in investing it is called “hedging.” Both are simply forms of managing the “risk” of “not knowing what you do not know.” Don’t assume you are the smartest person at the table. When an investment meets your objectives, be willing to take some profits. When it begins to break down, hedge the risk. When your reasons for buying have changed, be willing call it a day and walk away from the table.
4) When you have the best of it – make the most of it. In a game of “Texas Hold’em” when the right hand comes along you can be “all in” and bet it all. The risk with this, of course, is that if another player “calls” you and you lose – you’re busted. In investing when you have the right set of environmental ingredients in your favor such as an extremely oversold market condition, panic and fear from investors, deep discounts in valuations, etc., these are times to invest more heavily into equities as the “risk” of loss is mitigated by the “strong hand” you are holding.
The single biggest mistake that investors repeatedly make is continuing to be “all in” on every hand regardless of market conditions. “Risk” is a function of how much money you will lose “when”, not “if”, you are wrong.
5) It often pays to pass, and 6) Know when to quit and cash in your chips Kenny Rogers summed this up best. “If you’re gonna play the game, boyYou gotta learn to play it right – You’ve got to know when to hold ’em. Know when to fold ’em. Know when to walk away.
Know when to run. You never count your money when you’re sittin’ at the table. There’ll be time enough for countin’ when the dealin’s done. Now every gambler knows the secret to survivin’ – Is knowin’ what to throw away and knowin’ what to keep. ‘Cause every hand’s a winner and every hand’s a loser and the best you can hope for is to die in the sleep”.
This is the hardest thing for individuals to do. Your portfolio is your “hand” and there are times that you have to get rid of bad cards (losing positions) and replace them with hopefully better ones. However, even that may not be enough. There are times that things are just working against you in general and it is time to walk away from the table. Using some measure of risk management in your portfolio is critical to long-term success. Due to emotional biases most investors wind up doing the exact opposite of what they should do:. They sell when they should buy and vice versa,.
They hold onto losing positions hoping they will come back,. They double down on losing positions,. They sell winning positions too soon, and;. They refuse to admit they are wrong. These mistakes, and many more, are entirely driven by emotion rather than logic.
Emotional players ALWAYS lose in gambling and investing. The error that most investors make is that they are playing poker without a hand of cards. Since most investors buy investments, because of what they read in a newspaper, saw on television or heard about on the radio, they have effectively “anted” up for the game. They then basically walk away from the table and begin to hope that the hand they were dealt is the winning hand – this is the basis of the “buy & hold” strategy. All great investors develop a risk management philosophy (a sell discipline) and combining that with a set of tools to implement that strategy.
This increases the odds of success by removing the emotional biases that interfere with investment decisions. Just as a professional poker player is disciplined with his craft, a disciplined strategy allows for the successful navigation of a fluid investment landscape. A disciplined strategy no only tells you when you to “make a bet,” but also when to “walk away.” 7) Know your strengths AND your weaknesses & 8) When you can’t focus 100% on the task at hand – take a break. Two-time World Series of Poker winner Doyle Brunson joked a bit about his book with which he had thrown around two alternative ideas for titles before going with “Super/System“.
The first was “How I made over $1,000,000 Playing Poker,” and the second equally accurate idea was, “How I lost over $1,000,000 playing Golf.“ The larger point here is that invariably there will be things in life that you are good at, and there are things you are much better off paying someone else to do. Many investors believe they can manage money effectively on their own – and they are likely right as long as they are in a cyclical bull market.
Of course, this idea is equivalent to being the only person seated at a poker table and the dealer deals all the cards face up. You might still lose a hand every now and then, but most likely you are going to win. I would love to be a graphic artist, but until pie charts and analytical tables come into vogue as contemporary art it is unlikely I will be able to fund my retirement by doing it.
However, just because my emotions tell me I want to be an artist doesn’t mean that I will be good at it. So, for the time being, I will leave it to others that have a penchant for paint. (But if you happen to be interested in a pie chart for your living room, let me know) Emotion causes us to attach significance to things that have little influence on whether a trade works out or not. Emotions have a nasty habit of overriding logical thought processes that lead ultimately to poor decision making. Tom Dorsey once wrote.
“Consider this, if someone offered to flip a coin for you and offers you a better payout on heads than tails, the only logical bet would be on heads. So there is only one decision, logically, but emotion may cause you to remember that the last time you took heads was in the 1958 NFL Championship game at Yankee stadium. You were with the Giants and called for heads in the overtime session, losing not only the coin toss, but also the game, eventually, to Johnny Unitas and the Colts. That decision may be one you will remember for the rest of your life, but it isn’t one that will have any impact on the bet at hand. Nonetheless, we are all human and all susceptible to these types of thoughts, just some more than others.” That is why there are so few successful poker players in the world but so many people willing to fund the Las Vegas strip. Most people are more than willing to take a risk with their money in the hopes of hitting the jackpot, the dream of being rich has been embedded in us since birth, however, very few investors have any idea of the “possibilities” of success versus the overwhelming “probabilities” of failure.
Therefore, as in my case, I can’t paint, therefore, I understand that there is a huge probability that I will not be successful as an artist versus the slim hope (possibility) that people will flock to my door wanting 8 ½ X 11 framed pie charts. (Readily available at this website) If you are not successful at managing your money over the long term you will wind up losing money, which is why roughly 80% of all investors do. It is better to be honest with yourself and begin an approach to increase your probabilities of success. In a blink of an eye a professional can read the table and make a determination as to whether it’s time to “hold’em” or “fold’em,” can you? 9) Be patient Patience is hard.
Most investors want immediate gratification when they make an investment. However, real investments can take years to produce their real results, sometimes, even decades. More importantly, as with playing poker, you are not going to win every hand and there are going to be times that nothing seems to be “going your way”. No investment discipline works ALL of the time. However, it is sticking with your discipline and remaining patient, provided it is a sound discipline to start with, that will ultimately lead to long-term success. I remember in the late 1990’s the media equated investing with Warren Buffet to driving “Dad’s old Pontiac” since Warren didn’t embrace new technology. He didn’t embrace new technology because he didn’t understand and valuations on those companies made no sense to him.
He stuck with his discipline even though he was lagging the market. Eventually, his discipline paid off because it was sound and he was patient enough to allow it to work for him over time. Oh, and those that chastised him were crushed in the ensuing “bear market.” 10) Examine your motivation for playing.
Why are you trying to manage your own money? Is it that you love doing it?
Is it the “thrill of the chase and the agony of defeat” syndrome? Or, did you just think that is what you are supposed to do? These are fair questions that you have probably been asked before. However, the real question that you need to ask yourself is “Am I successful at managing the future of my family and my retirement?”. “To a real player, gambling is only a certain part of what happens at casinos or at the track. Gamblers (or average investors) are people who either don’t know what they are doing, or like to bet against the odds. Good poker players (and good investment advisors), like good horse players, search for value.
They leverage advantage. They look for small truths and they hope other people (competitors) don’t notice. They manage risk, and expect rewards for playing well. They like the sport. They like knowing. Call these people craftsmen.
Don’t call them gamblers.”. 'However, the player sitting across from you continues to match your bets. In poker, this is called “checking,” No, that's not called 'checking' in poker, it's called 'calling', as in, the player is 'calling' your bet and matching it by putting the amount of your bet in the pot. Checking is when a bet has not been made and you're not making one either when it's your turn to act, you're just sitting tight, not putting any money in the middle, and passing the option to bet to the next player to act.
Get your shit together if you're going to talk about poker vs. Investing as if you know both. You lose credibility when you talk about poker as if you learned it last week. Makes me wonder what you are full of shit about in the rest of your article. Figure out the pattern of the stack and then play it.TO YOUR ADVANTAGE.
For instance, in Blackjack games, at Viejas Casino in Alpine, California the method used for the shuffle and the subsequent cut of the cards create a shoe that is 10 Card shy, which is a substantial disadvantage for most players playing Blackjack.because they are unaware. (Cards with a Value of 10 are your best friend in Blackjack) However you can adjust your count accordingly. Furthermore because of the single shuffle of each deck there is a pattern of Low Value cards to High Value Cards. You can adjust your wager from low wagers to high wagers in five to six distinct waves You can beat that stacked shoe. Lesson 12: The game is rigged. The house always wins.
Only if you are not clever. Oh there is no disagreement that the game is rigged, unfairly giving the House the advantage at most times. But they cannot control everything in that rigged game.
In fact by rigging the game they inadvertently create advantages. Your job is to find the flaws that are directly due to the rigging of the game, and then, following that, exploit the advantages due to those flaws.
I am very happy to report, and actually overjoyed to report, that back in 1998, in THREE WEEKS, my best friend and I LOST $150,000.00. at Fiesta Casino in Las Vegas, Nevada. My best friend shared in that happiness. In fact we did not have $150,000.00 to spend. This is serious. Why do you think that this is? Hey Lance - I have a question: As a member of the Financial Services Industry (arguably perhaps the largest financial $Bubble of all, hiding in plain sight.), how does a man in your position distinguish himself from the 'Carney' in your opening paragraph - especially when juxtaposed against your last paragraph, wherein you liken yourself to a good poker player.? Ah - but your the good Carney.
Or how about: $$$Fee-based sharks who make their living off convincing the average Dupe, that he lacks the brains, savvy or 'inside knowledge' to ever hope of managing his own wealth.? 'Carney' indeed. That was a cool article. I still think 'intuition' is a tool that should be considered among the others. The key to that is if you don't have the expertise and knowledge the intuition wont have a context through which to be understood, so you have to have both anyway. Your subconscious stores a great deal more information than your conscious mind and it will flare up and try to warn you when you are walking off a cliff.
Speaking of the 'Spidey Sense' I have come across on three different occasions some interesting correlating information that is actually reasonably credible on the subject, although only one is on the internet. Apparently there are background links between people that consistently show higher success rates in testing for spidey sense. The background exposure that kept popping up is: 1) trama in childhood.
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2) Belief in the ability passed on from relatives or trusted adults (this can appear genetic but probably isn't entirely) 3) families with a history of twins. Of course there are different ways to interpret the findings and one can choose to conclude that the poeple just have brain damage but take it for what you will and dismiss it at your own loss. Everyone has these skills to some extent some people's skills are just more activated than others. What may be happening is that when a kid feels insecure in their environment, (most commonly the presence of an alcoholic parent but can be economic stress, being severely picked on by peers etc,) the child becomes hyper sensitive to their environment and changes that may affect them, reading the jekyll and hyde alcoholics moods for example. Also the belief that skill exists seems to keep whatever causes this phenomena 'awake' in the child.
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A couple of really good sources that support these same things would be books by Hal Puthoff an electrical engineering/physicist/parapsychologist and Russel Targ also a physicist who ran multiple 'remote viewing programs' for SRI, the Army, the CIA etc. These programs were funded for a very long time, they were successful and for obvious reasons TPTB don't want you to know too much about your full potential. Anyway, here is a link to an interesting Spooky Mulder paper written by a professor discussing this issue, it's not proof; however, it is interesting.