Value, like beauty, is in the eye of the beholder.
Sure money sure beats maybe money.When I was arbing I was making money.
When I am "value betting" I am losing money
When I was arbing I was making money.
When I am "value betting" I am losing money
Arbitrage! You have to be a tough SOB to persevere through the ups and downs of value. Value is not an exact science and some luck is involved.
I believe in playing with their money. Greed can be a disease that erodes the ability to make rational decisions on an irrational marketplace. Despair over losses does the same.