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Thursday, September 2, 2010

Delivering Happiness: Post #2

Poker and Business: After the sale of his first company, Tony did what most people do—he learned how to play poker! Actually, he studied it with the same intensity he did with business and got good at knowing the odds. I learned that by sticking with a consistent strategy in hold ‘em poker the odds were stacked in a good player’s favor. Forget house games like roulette and blackjack…the house always wins long term. Hsieh deduces a number of poker corollaries that he used in his next company and recommends to all. See pp. 64-66. For example: “Don’t play games you don’t understand, even if you see lots of people making money from them.” There are a lot of ex-dot.comers who would have benefited from this advice. Read the rest of these for some excellent advice.

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