Going Broke vs Bankroll Management
Josh Arieh said this on Twitter:
"There is nothing wrong with going broke. It’s happened to nearly all the best players in the world.
The problem is STAYING broke.
Make good decisions, keep your word, pay your debts, help your people out when you’re running good.
Those people will be there for you when you need them.
Don’t be ashamed of GOING broke. Figure out the why and fix whatever needs to be fixed. You’ll be pumped up in no time."
Chris Brewer disagreed
"You and I could not be more opposite on this. I think the number one thing people should never do is go broke, and chance of running hot enough to spin it up again is way too low. Is so much better to have too little of a big win than too much of a big loss."
I'm definitely with Chris on this. But it does feel like, especially with variance, that's how a lot of the "big names" got to where they are.
Especially if you're young, should you exercise good bankroll management and slowly build or should you just take big shots and not worry about going to $0?