Ziņas
A Good Plan
BUSINESS IS A GAME Everything I know about business I learned from poker: financials, strategy, education, and culture. FINANCIALS • The guy who wins the most hands is not the guy who makes the most money in the long run. • The guy who never loses a hand is not the guy who makes the most money in the long run. • Go for positive expected value, not what’s least risky. • You will win or lose individual hands, but it’s what happens in the long term that matters. STRATEGY • Learn to adapt. Adjust your style of play as the dynamics of the game change. • The players with the most stamina and focus usually win. • Hope is not a good plan. • Stick to your principles. EDUCATION • Never stop learning. Read books. Learn from others who have done it before. • Learn by doing. The theory is nice, but nothing replaces actual experience. • 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. CULTURE • To become really good, you n...