Simkin: Susquehanna's founders tested decision principles in Vegas poker before trading
Todd Simkin · #119 Todd Simkin: Making Better Decisions · Sep 7, 2021 · at 39:04
Todd Simkin, trader and educator at Susquehanna International Group (SIG), recounts how the firm's founders used poker to develop and test their probabilistic decision-making framework.
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“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. And they said, you know, we shouldn't just be, you know, shifting our own money between ourselves. Let's go to Vegas and let's see if we can apply these decision principles at the poker table in Vegas. So they went out to Vegas one summer and did very well.”
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