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Poker is not just about luck, and it is far removed from gambling. Poker incorporates math and statistics to make decisions that should yield positive results. For most people, poker is just a game, but for those who take it seriously, they need to invest in time and energy to reach a status that allows them to harvest some resources and talents that help them in the long run.
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James Velissaris- The Amazing Link Between Poker Players and Big Time Investors
Poker is not just about luck, and it is far removed from gambling. Poker incorporates math and statistics to make decisions that should yield positive results. For most people, poker is just a game, but for those who take it seriously, they need to invest in time and energy to reach a status that allows them to harvest some resources and talents that help them in the long run.
It has been seen that there are certain characteristics that one needs to possess to excel in poker, which are in alignment with features that one needs to be a successful investor. In fact, professional poker players often shift lanes and try their hands in investment, making huge profits in both arenas. James Velissaris, who is one of the most well-known investors of our time, has shown much interest in poker and believes that it is a skill that reflects on investing as well. Why does this similarity exist? There are quite a number of similarities and characteristics that are shared between traders and poker players. We have some sort of stereotype in our mind about how poker players might come across, and the same stereotypes fit that of a trader.
There is a certain degree of aggressiveness and quick decision-making skills that have to be laid down in both professions in order to make sure that they are making profitable gains. It is also imperative to keep in mind the competitive side involved in both poker and trading. Getting together to understand the market and taking chances against other investors is what serves as a motivation. It has a history of promoting success in investors as well as poker players. Famous poker players who have later turned to successful investors believe that rigorous courses of discipline and education are two of the most critical factors that make trading and poker so similar to one another. These are the two main weapons that one has to invest in for getting success in either field.
Notable similarities in attitude Professional attitudes towards either of these fields have much in common, uniting the two. Much attention has to be paid in order to understand that poker players and traders are considered extremely similar on the basis of their attitude and outlook towards the job. Both these situations require someone who finds it thrilling and often adrenaline-pumping to work with a field that is filled with uncertainties. This is not something that many can handle, and often lose focus when the situations become too unpredictable. At the same time, it is important for both these professionals to be able to make decisions in the nick of time and make use of every opportunity that comes your way.
Finally, both traders and poker players have to have the ability to not look into the past and stride along without making a huge fuss about losses that have occurred in the past.So, a lot of common aspects are there between investors and poker players. These commonalities explain to a great extent why James Velissaris is a great investor as well as a poker player.SOURCE CREDIT: https://medium.com/@jamesvelissaris21/james-velissaris-the-amazing-link-between-poker-players-and-big-time-investors-28638f20d6ec
