Poker Lessons Applied to Business

Everything I Know About Business I Learned From Poker includes such highlights as:

# Go for positive expected value, not what’s least risky.
# Don’t play games that you don’t understand, even if you see lots of other people making money from them.
# Hope is not a good plan.
# Educate yourself. Read books and learn from others who have done it before.
# Learn by doing. Theory is nice, but nothing replaces actual experience.
# Learn by surrounding yourself with talented players.
# Just because you win a hand doesn’t mean you’re good and you don’t have more learning to do. You might have just gotten lucky.

To Zappos’s list, I’d add:

# Get Pro Sponsorships – it’s free money.
# Most people have no idea how to play.
# Most people cannot learn to play well.
# If you don’t exercise you will turn into a fat disgusting slob.
# 95% of the Players are Men.
# If you’re good enough, people will want to stake you.
# It’s usually better to raise or fold than to just call.
# Weak-Passive is a Horrible Strategy for Success.
# The proof is in the Bank Account.
# Develop a Fierce Bullshit Detector.
# Have Fun or Play A Different Game.

Got More? Post ‘em

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4 Responses to “Poker Lessons Applied to Business”

  1. Andy Fletcher says:

    Learn when to fold a shitty hand.

  2. Leadership says:

    My understanding is that the person is in the process of writing the book. On the other hand (no pun), we published Leadership: Texas Hold ‘em Style, last year – complete table of contents and description available at http://www.pokerleadership.com (and, yes that is a shamless plug)

  3. QuadsZilla says:

    shameless plug: but darn relevant.

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