So where’s your advantage watching the Texas Holdem experts? Well there is Some advantage. It does pay to know more than the other guy who knows nothing. I just don’t have the time to do all the homework like a big financial TV network does nor time to read Holdem Guides.I do enjoy watching CNBC—it’s entertaining I keep it on my TV screen all day while I work. Also, I can’t be every where or know everything. As a result, I don’t personally know many Fortune 500 CEOs or Great Poker Players (Do you? Does anyone?) As a gut-instinct person, I play the market like I play Texas Holdem Poker, I decide what stocks to buy (or sell) by meeting (and judging) the CEO; by watching CNBC, I get to meet many CEOs of public companies. Based on whether I like them or dislike them, I might buy or sell short. So in that way, CNBC does offer me a distinct advantage. But mostly, I use CNBC (or any financial news media) the same way I use ESPN or FOX Sports or any sports media—to tell me what is “in” or popular (or what’s not popular), to educate me on what the public is thinking, and then bet the opposite way! just like when I play Poker! If a stock or sector of stocks is talked about on CNBC day and night, I know they are “hot” and popular. I know a mania is building. So I often go the opposite way. I either avoid that stock (or sector) or sell it immediately, or sell short (bet on it to drop in price). As a matter of fact, this trick I learned from a wonderfull Holdem Guide. And I advice you to use the same trick when playing Texsa Holdem Poker. There is no value in hot stocks. They are a ticking time bomb waiting to explode (or in this case—crash). And if every expert I see quoted on CNBC is disregarding or disrespecting a stock or sector, I know this might be an ideal time to buy. So CNBC—because it is so popular among both professional and amateur investors—is an ideal barometer of public opinion. The key is to watch with a Contrarian eye. My advice here is not to avoid The Wall Street Journal or Barron’s or CNBC or financial radio shows and web sites, but rather to immerse yourself in them to get a feel or read on popular opinion. And do the same when playing Texas Holdem Poker, you see a guy that's feeling sure of himself? bet against him! Then, just like in the sports gambling world, go the opposite way.

That’s something 99 percent of everyone else watching or reading the same media as you will not be looking to do. And that, my friends, Will make you successful and wealthy. As for “inside information”—that you will not get from the media or from a stock newsletter. On Wall Street the average guy investing $10,000 gains access to nothing important. However, those with $1,000,000 (or larger) stock accounts have access to the very best information, analysis, and advice. This is the arena where only the rich and powerful get assigned the smartest money managers, hedge-fund managers, investment bankers, or stockbrokers. You, the average small-time investor, get nothing. So in the stock market, just like in Holdem Poker, you need to trust your guts. Money provides access. The rest of us get false hopes. So if there were “inside information,” do you really believe you’d gain access to it for the price of a 50-cent newspaper? Or for free by tuning in your TV set or car radio to a business or investment show? By the time you watch it or read it, others have long ago bought or sold the stock on the news. You’re too late. and in poker games and casinos - it's just the same. there are no miricalls, if you want to win Texas Holdem - you need to be good a it! Even if there were such a thing as “inside information,” you couldn’t get near it without spending big money! I do not look for inside information on Wall Street, just as I do not look for it in the sports gambling world. My only objective on Wall Street is to find the Contrarian stock picks that the public disregards, disrespects, and can’t wait to bet (or invest) against. And of course, I bet on those very same teams or stocks with both fists! Unless you can spare fifty to eighty hours a week to find that “edge” or can employ a staff of consultants who each devotes fifty to eighty hours a week, my advice is to find a professional who can, or start reading Holdem Guides. But no matter what, please make me one solemn promise: Never again assume you’re a Wall Street expert because you watch CNBC or read Forbes.

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