Instead of gambling away all money in Poker, we can learn Investment from it. Don’t trust me, hop on..
1 – ALL IN
Poker tells you to bet as much as you can if the odds are extremely in your favor (remember never to bet your life savings, and to keep some buffer for emergency).
If you come across an Investment which totally completely makes sense to be the next big thing, based on the information you have and the potential it holds (or what you perceive it holds), and you are convinced; then you should probably Invest as much as you can to see that small cap, Crypto or whatever it is, turn Multi-bagger! (remember only Invest the amount you won’t regret if you lose)
2 – Preserving Wealth is difficult than Accumulating it!
Seriously, I have found it very difficult to preserve my balance in Poker, and very easy to lose it all. Well, I know these games are designed this way, nevertheless it teaches us how difficult it can be to stop your urge to spend that extra buck in real life, or to throw that shit loads of money on your next luxury (not saying you should not do it, but be watchful) .
3 – Greater the risk higher the reward >
In Poker the more chips you stake in, the bigger the pot you can win! Well this may not be true everywhere in Life, but it sure is true for some Investments of your life.
Look at the Cryptocurrency in its early years, it sure was risk (well it still is risky but not as much as it used to be), market adoption was low, real use cases or utility was hard to be found, but nevertheless it gave huge returns to those who took the risk or say understood its power. Same applies to some small cap stock which later goes onto become multi-bagger and star of your portfolio.
4 – It feels good when you have a little extra
I don’t know about you, but it feels good to me every time I see my poker chips soaring in value. I hate depleting capital! even if its just a video game.
5 – Money makes money
The more you have, the more you can stake, the higher you can win. Same thing applies to every Investment, the higher you can stake in, the more the ROI (Return on Investment). But be careful remember #2, it is easier to lose wealth than to accumulate.
6 – Kindness
You maybe thinking what does kindness has to do with Poker, or Investment. Well, remember the last time you won a big pot of say some million dollars, have you not given it as tip to the dealer, and as weird as it may sound, have you not felt good giving it away? Answer is you probably did! And it applies more to real Life than Poker, the more you give the happier you get!
So, if you want to just take one thing out of it than let it be ‘Kindness’, why not? Happiness > Money.
Thank you for reading. ‘Leaves with a Poker Face’…