Originally Posted by
arcimede$
Alan, reread this statement by Frank:
"If I discard all previous results (for no other reason other than I went home and slept in my own bed and because I want to) and only look at how I've done during this completely arbitrary time span, I'm going to take a short break, because during this period of time I have experienced positive fluctuation, which reduces my lifetime losses and that I'm going to define as "winning" because I want to. I am neither truly ahead, nor do I intend to truly quit, but I'm going to disregard all logic and do something that my dysfunctional brain can use to convince myself I don't have a problem...and since this will result in me gambling slightly less, everyone (including myself, who really needs convincing) will hopefully agree that it isn't a bad idea."
Now consider Singer's system. It promotes doing exactly what Frank has stated, ignoring previous losses and viewing only the current day's results. Alan, you need to state whether you agree or disagree with Frank's description. Otherwise, you will talk in circles forever. It doesn't mean you can't look at a winning day with some satisfaction. It simply means you understand the reality of gambling and the true costs. Because, if you really do understand it, then you understand that Singer's system is just a method of ignoring/avoiding that reality.