poker

“And so there are some investment organizations, for instance, that teach their employees how to play poker, right? To think about probabilities, to think about pot odds, right?”

“Outcomes and decisions are so loosely linked in that game. I mean, you know, you have the best hand, you get crushed, you have the worst hand, you win sometimes, and there's so much hidden information, the cards are face down”

“So one of the things that you want to try to do in poker is to separate the chips from the money. You want to view the chips as tools to accomplish a particular goal in a hand and not view it as money at all.”

“So as you get better and better at the game, you realize you know less and less about the game in the, in terms of the percentage of the things that you, there are to know about the game.”

“Strategies that might work for Eric Seidel might not work for me because I'm a woman and he's a man, and so the perceptions of us were very different at the table. So, for example, his ability to bluff in a situation might be really different than my ability t…”

“And that's why you'll see the really good players try to kick up the stakes constantly because at a certain point, people's brains, you know, like kind of tick over and break and they're like, oh my God, this is a lot of money. And once you have somebody think…”

“And that's why I've always loved to play well below my means and not have the amount of money Change the way I play, and I opt out of, like, very big games.”

“What tilt means is that you've let emotion into your thought process, irrelevant emotion into your thought process. Usually it's negative. So, and by negative, I mean the negative emotion. So for instance, you lose a really big pot. So you lose a lot of money …”

“The lack of outside noise makes you able to question your decision process in a way that you can't in real life.”

“Over the long term, skill does emerge triumphant as long as you never got incredibly unlucky to begin with. So I think that there are probably a lot of people who could have been brilliant poker players who had a horrible run of luck at the beginning and just …”

“Poker actually, no limit hold him is still unsolved.”

“That people say that poker can really help you in the stock market, and I think that that's true, and the reason it can help you become a better investor and make better decisions is the stock market is so damn noisy that when you make bad decisions, there's a…”

“The founders of Susquehanna were in college together. And they studied an array of subjects, but what really brought them together was that they played poker together and were able to talk about the decision process in their poker game in, in a really nice way…”