I loved this concept from Tony Hsieh.
BUSINESS IS A GAME
Everything I know about business I learned from poker: financials, strategy, education, and culture.
FINANCIALS
- The guy who wins the most hands is not the guy who makes the most money in the long run.
- The guy who never loses a hand is nor the guy who makes the most money in the long run.
- Go for positive expected value, not what’s least risky.
- You will win or lose individual hands, but it’s what happens in the long term that matters.
STRATEGY
- Learn to adapt. Adjust your style of play as the dynamics of the game change.
- The players with the most stamina and focus usually win.
- Hope is not a good plan.
- Stick to your principles.
EDUCATION
- Never stop learning. Read books. Learn from others who have done it before.
- Learn by doing. Theory is nice, but nothing replaces actual experience.
- Just because you win a hand doesn’t mean you’re good and you don’t have more learning to do. You might have just gotten lucky
CULTURE
- To become really good, you need to live it, breathe it, and sleep it.
- Be nice and make friends. It’s a small community.
- Have fun. The game is a lot more enjoyable when you’re trying to do more than just make money.
Tony Hsieh is the CEO of Zappos.com and the author of Delivering Happiness. Tony’s (longer) blog post is Everything l Know About Business I Learned from Poker.
What are your thoughts? Do you agree? Disagree?























