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[Cat Man Du]

RISK................................Ever played it??

According to the RISK product website, the following are some suggested strategies to be a winner at the board game of RISK. The rules are very similar to the ones for the trading game of RISK played on Wall Street.

Focus on the goal and the objective

In the board game of RISK, the goal is total world domination, no mercy.
The goal is the same in Wall Street trading. This is not a charity game. It’s a chew ‘em up and spit ‘em out, high stakes game where the winners win big and losers are toast.

You must grow to win

In the board game of RISK, you must grow a large army and accumulate large capital to conquer the world.
In the trading game of RISK, you must also grow large. By doing so, you earn friends in the government who will overlook your unfair advantage, and you gain insider access to make smart financial moves powered by knowledge while the little guys go down in flames.

Make large attacks

Making small attacks in the board game of RISK is worthless. You need to make big, large scale attacks to win. The risk is higher, but the payoff is worth it.
In the trading game of RISK the rule is the same. Small trades with little risk are worthless. Why? Because traders make money in the form of bonuses based on the size of the trade. As the Time article states: “As with everything else on Wall Street, the rise of the CDO had to do with bonus checks. Traders' pay was based not just on how much money they made for the firm but on the size of the bet.†In other words, traders have financial incentive to take bigger risks and are discouraged from playing it safe.

Don’t hesitate to eliminate a player from the game

When you’re playing the board game of RISK, there’s no room for mercy. Whether it’s your best friend from childhood or a random stranger, you have to treat all opponents the same—you have to take them out whenever you have the chance.
The same holds true on Wall Street. As the old adage goes, “There are no victims on Wall Street, just fools.†Traders are merciless and will sacrifice you, me, the whole economy to make a buck for themselves and for their firm. They don’t have your best interests at heart—they have theirs.

Know the map

The game of RISK website says this about the game: “New players are fresh meat with huge egos.†I translate that as, “People who don’t know the rules of the game will be eaten alive.â€
The same holds true for the trading game of RISK. Those who have a low financial intelligence, who live by the old rules of money, will be eaten alive by the traders on Wall Street.

 

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