Earlier quoted context omitted.
Poker tournament is often called the microcosm of our own capitalistic "democratic" world and as I learn how to play it more and more I realize how true this is. As you've said luck is a very very important factor. As you get lucky, you tend to continue getting lucky because the more chips (capital) the cost of failure or unlucky runs is a lot lower than somebody about to be knocked out of the tournament. Playing tig…
The other important major lesson that poker teaches you is that you can make the right decision and still lose, along with the corollaries (winning/losing doesn’t mean you made the right/wrong decision).
it really made me feel how out of control the world really is and as Charlie Munger said it the best, it is envy that drives capitalism.