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One of the most important lessons of poker strategy, intimately connected to self-assessment, is this: sometimes, it’s the hands you don’t play that win you the title. We remember the hero calls. What about the hero folds? What you don’t do rather than what you do—that can be greatness. The art of letting go can be the truly strong one. Acknowledgi
... See moreMaria Konnikova • The Biggest Bluff
Paul Graham • Billionaires Build
The trick to this type of market competition (and the key to Dan’s game) is either never to play in the first place or, if we play, to learn quickly when things are not going our way and cut our losses.
Dan Ariely • Dollars and Sense
CHAPTER 4 The Buddy System
Annie Duke • Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
Sam’s instinct was to pick an unevenly weighted coin and flip it until it came up tails. Based on how many flips that took, and some dirty math, he’d then decide whether to proceed with the coin or move on to another.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Antonio Esfandiari. Dan had put his number at around $160,000. “That’s crazy!” Erik remembers telling him. “To never wear socks again?”
Maria Konnikova • The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win
“It’s kind of fun to sit there and outthink people who are way smarter than you are because you’ve trained yourself to be more objective and more multidisciplinary. Furthermore, there is a lot of money in it, as I can testify from my own personal experience.”
Charles T. Munger • Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
CHAPTER 1 Life Is Poker, Not Chess