My wife had a good response: Back in the old days, real men invested. They were in charge of their own fates. They stacked their chips high on the table, and w

My wife had a good response: Back in the old days, real men invested. They were in charge of their own fates. They stacked their chips high on the table, and when the crowd of onlookers oohed and ahhed about the size of their bets, those men put down more chips, and then didn’t even bother to look where the roulette ball landed, because they were too busy ordering another drink. Then “real men” go home drunk and broke. Smart men use models, and computers and diversify or at least avoid extinction with the kelly criterion. And they only play when they have an edge. Ask Thorpe. That’s my kind of man. Oh and the “real men do yadayada” has always been what smart men say to dumb men to get them to take the short stick and the long odds, to make them to do their work, hand over their money, and fight their battles.