I noticed Poker Face of Wall street 70% off at amazon.com today....$8.39 is not a bad price! 70% off Aaron is not exactly contributing to inflation ohh I did not see it had been as low as $4.99. and as high as $27? what a volatile price on that book! I guess part of price strategy for a poker face

I've been trying to figure out Amazon's pricing policy. I finally decided that they had bought a lot of cash-settled options on the book price.I think they're trying to get rid of stock before the paperback comes out in June. My guess is once there's a paperback, very few people buy the hardcover.

QuoteOriginally posted by: CollectorI noticed Poker Face of Wall street 70% off at amazon.com today....$8.39 is not a bad price! 70% off Aaron is not exactly contributing to inflation ohh I did not see it had been as low as $4.99. and as high as $27? what a volatile price on that book! I guess part of price strategy for a poker faceI bought mine at $20

QuoteOriginally posted by: Aaron My guess is once there's a paperback, very few people buy the hardcover.You're a genius!!

Hi Aaron and everybody.I bought your book 1month ago and just finished it.The bad thing is that I paid it around 30€ (shipping to Italy included): being a trader I feel down seeing the huge price cut.The funny thing is that I didn't either want to buy your book! The clerck at the book-store made a mistake in booking it: indeed I had asked for "Liar's Poker"!! Since I'm also a poker player I nevertheless decided to keep it and, here we come to..the good thing: I really enjoyed the book.I think it's very itneresting your view of the US success as built upon gambling and risktaking in the last century. It's even more interesting, in my opionion, if we compare it to old europe were we never had this culture and instead the risk is considered an enemy when not immoral.I see a lot of implication of that everywhere in the society: people lifestyle, companies management and, above all, banking and trading.cheers

Thanks for the kind words. Liar's Poker is a great book too, I forgive you for trying to buy it instead of mine.I've thought a lot about the differences between US and European gambling. In the US, the point of gambling is wealth transfer. It's important to win, and acceptable to complain about losing. Moving money back and forth with little net wealth transfer is considered silly. The difference between gambling and cheating is often blurred, a clever cheater can be admired. Credit risk is explicitly part of the game.In Europe, gambling is about individual honor. Net wealth tranfer is considered bad, complaining about losing is bad form, showing intense desire to win is even worse. The most important thing is to be a good winner and a good loser, style counts, substance doesn't. Cheating is a terrible stain on honor, even worries about it ruin the game. Credit risk is outside the game, not paying gambling debts is almost as bad as cheating.Obviously these are wild generalizations that don't apply at all times and places, and certainly not to all people from these places. But they are strong ideas not just among gamblers but embedded in literature and folklore and news interpretation.

QuoteOriginally posted by: AaronIn Europe, gambling is about individual honor. Net wealth tranfer is considered bad, complaining about losing is bad form, showing intense desire to win is even worse. The most important thing is to be a good winner and a good loser, style counts, substance doesn't.Not sure about that, matey ...