"Everything I Know About Business I Learned From Poker"

Thought provoking piece by Zappos CEO, Tony Hsieh

Some examples…

EVALUATING MARKET OPPORTUNITIES (imagine a room full of playing tables crowded with folks, like our markets -KK)

  • Table selection is the most important decision you can make.
  • It’s okay to switch tables if you discover it’s too hard to win at your table.


  • Act weak when strong, act strong when weak. Know when to bluff.


  • Always be prepared for the worst possible scenario.
  • Go for positive expected value, not what’s least risky.
  • Play only with what you can afford to lose.


  • Don’t play games that you don’t understand, even if you see lots of other people making money from them.
  • Figure out the game when the stakes aren’t high.
  • 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.


  • You’ve gotta love the game. To become really good, you need to live it and sleep it.
  • Don’t be cocky. Don’t be flashy. There’s always someone better than you.
  • Be nice and make friends. It’s a small community.
  • Have fun. The game is a lot more enjoyable when you’re trying to do more than just make money.

More here…

About the author

Kim Klaver


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