Extreme Patience — a betting log

Munger, Pabrai, and Greenblatt were talking about investing, but it maps onto betting almost word for word.

Most of the gambling you see online runs on a gut feeling or some very basic analysis. Influencers, books, bonuses — they’re all there to get you to bet more frequently. While the world is trying to get you to put down more action, slow down.

I only bet once in a while. Something stirs my interest, and then I do the research.

I have friends who’ve built incredible systems — market-making prediction markets, modeling out the WNBA. I’m in awe of them, and one of my superpowers is the ability to genuinely say good for you. All of that goes into my Too Hard bucket. Munger kept a Too Hard tray on his desk and put almost everything in it. He did fine.