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If you are the kind that believes, work does not seem like work anymore if you have fun doing it, this is your kind of a read. Studies suggest that if you are good at playing poker, the chances are high that you will also earn greater returns with your investment experiences.
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If you are the kind that believes, work does not seem like work anymore if you have fun doing it, this is your kind of a read. Studies suggest that if you are good at playing poker, the chances are high that you will also earn greater returns with your investment experiences. Expert poker players and investors like James Velissaris believe that the parallel drawn between the two is true and there are solid reasons for it to be true. Studies have indicated that more than 200 hedge fund executives that play poker have been able to prove themselves as more successful in investing as compared those that do not play.
How the Two Are Connected: One of the most important common skills that come in handy in both poker and investment is patience. While you play a game of poker, you need to be extremely focused and very patient to be able to score in the game as well as in an investment. Holding on to portfolios is something that helps in making money, which is a skill that is acquired through practice.
Letting Go of Non-Performing Investment: A person that is skilled in poker, someone like Velissaris would be skilled in letting go of the investments that do not perform while at the right time. Poker makes you accustomed to gauging when you need to give up and when you need to hold on, this is something that is most important in the world of investments where stocks that work need to be held onto and those that do not perform need to be sold. In the world of investment, holding on to non-performing investments is known as the deposition effect and that can be avoided if you know how to handle the reigns of poker.
Makes Investment Dynamic: While some may consider it a down side of winning, hedge fund managers that attain a win at poker need to work harder to maintain the up-swing of the investment percentage. When the fund grows after a win at poker, funds need to be diversified further and newer more innovative strategies need to be put in place to be able to have a positive movement on the returns graph. It can be assumed that if an investor ends up winning a major poker tournament they also have to work doubly hard on coming up with effective investment strategies.
Experts in the field of investment like James Velissaris believe that while poker may become a distraction if an investor is addicted to the game, playing it in moderation can actually have a positive effect on your investment. For all you know, if you are a good poker player, you may as well try your hand at investing and see if it works for you. Taking small risks with the steadiness, power of analysis and concentration of a poker player, may actually work in your favor after all. SOURCE CREDIT : https://jamesvelissaris.tumblr.com/post/660925722528972800/the-influence-of-poker-skills-on-your-investment
