Excellent reading here from Credit Suisse. It’s a few years old, but still relevant. They argue that it doesn’t matter how many hands you play, but betting when the odds are in your favor:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.