Why Poker Is Better Than Business School

Posted in Business by admin - Dec 13, 2011

Recently browsing the internet I ran across an interesting title for a video interview, “why-poker-is-better-than-b-school“. As soon as you read the title, like most people you will either have a good concept of what attributes knowing how to play poker with strategies can have on the business/finance side of things for you in the profession world; from experience or for better or worse an educated guess.

I don’t want to depict this video interview here, but I would rather like to focus a long with narrow field of this logical approach I have of this subject, and to see what is wrong and right using a couple of more similar examples in contrast and comparison.
So can you be a profession poker player and make it in the business world using what you learn and use in the game?

Poker is one part, we have many examples of this topic in the business world. In my opinion the most popular and most successful one is “The Art of War” which is an ancient Chinese military treatise that is attributed to Sun Tzu. The Art of War is one of the oldest and most successful books on military strategy in the world.

One of the key examples which in my opinion is the greatest in the many amazing examples of this book is a subject covering a strategy and the dynamic conceptual approach to defeating your enemy before anything happens.

Now think, to win a battle before even fighting it. To give a good practical example here for this we can take professional prize fighters; such as Muhammad Ali or Mike Tyson. In their prime, when they stepped into the ring, they have had already won the fight before even stepping into the ring; because they were trained to a level of physical and physiological state which a much higher than the competition ever could be. Ergo the opponent seeing and acknowledging that, first he was defeated physiologically and to lose physically.

“What you believe, is what is real”. A quote I always remember to always make sure that whatever I am doing is going to be already half right and successful because I believe in me and what I am doing.

So even if you train so hard but have no believe, and you opponent does, you strategy and whatever else you have planned out will most likely not work. And you opponent will win because there is that part he or she can have over you.

So a poker player, you can be the best and try to guess what your opponents card set it, but if you simply guess and stop it that guess, it’s a losing situation. But if you believe in what you are thinking, and apply it to proper analysis and technical approach with your experience you will certainly have an upper hand,; because your move and execution is at the least going to be right and proper.

To conclude on an additional note, one point I would also like to make here is that, in order to relate, understand and apply these physiological systems of poker, military and so forth to as a real world application. You must not only believe in them, but you need to know how to take something like this and be able to technically shift and manipulate this information and use it in a different application.

There is no right way of doing it, except for knowing yourself and just using what works for you. For that you must know what your long and short term process goals, timing and placement. Patients in not a virtue here, because time is money.

 

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