Stock Trading Is (Literally) a Bigger Gamble than Poker

Merely beating the average for 10 years makes you a superstar

Daniel Negreanu at the WPT’s Doyle Brunson Five Diamond World Poker Classic in 2007 (adapted, via Wikimedia Commons)

One of the largest studies of stock trading was carried out through the 1990s and early 2000s by Brad Barber of UC Davis and Terry Odean of UC Berkeley. Millions of trades pointed to one conclusion — it’s all a giant crapshoot.