CHAPTER 10Stanley DruckenmillerHard Lessons Can Be Necessary
In a winner's game the outcome is determined by the correct actions of the winner. In a loser's game, the outcome is determined by mistakes made by the loser.1
—Charlie Ellis
Charlie Ellis wrote this in his 1998 classic, Winning the Loser's Game. In other words, professionals win points and amateurs lose points. “Professional tennis players stroke the ball hard, with laserlike precision, through long and often exciting rallies until one player is able to drive the ball just out of reach or force the other player to make an error.”2 He contrasts this with how amateur games unfold. Instead of highly skilled shots and long volleys, amateur matches are full of faults, missed shots, ...
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