When we incorporate the level of risks, chance and skills involved, there is not much difference between Poker and investing. Playing professional Poker and being a professional stock trader has various subtle and apparent commonalties. And you’ll be surprised to know that many famous investors in the Wall Street are in fact great Poker players.
“I learned a long time ago that in big business and big poker, there ain’t no nice guys” — Carl Icahn
7 Famous Investors Who Also Play Poker
Cliff Asness is an American billionaire and the founder of the famous hedge fund AQR Capital, whose portfolio’s worth stands at a whopping $75.24 billion. Asness used to play poker during his youth. He was seen playing Poker in 2006 at a famous New York hotel with Peter Muller and Ken Griffin.
Ken Griffin is a famous hedge fund manager, but a very few know that Ken is also a fan of Poker. Apart from playing poker regularly, he has also served in the committee for the Wall Street Poker Night Tournament. Ken’s total worth stands at about $6.6 billion, as of the end of May 2016.
Chris Fargis used to be a professional online Poker player, before he decided to try his skills in the investment world. Chris finds striking similarities between Poker and stocks. He rose in the investment corporate ladder pretty fast due to his skills.
Jeff Yass is a famous analyst at investment firm Susquehanna. Jeff says that he and his friends used to take Poker “very seriously” during college days. Jeff started using mathematical models to win at Poker right from the beginning as he was well aware of the fact that Poker is a game of skill rather than chance. He believes that the stock market is like a giant poker game.
Scott Redler is a famous Poker player and chief strategic officer at T3 Live, an online platform to train people on market analysis and stock trading. Redler is a strong believer in the confluence and similarities of stock markets and the Poker world.
Carl Icahn is one of the most noteworthy activist investors in the world. He is the founder of Icahn Enterprises. Apart from intruding in companies and making hostile takeovers, Icahn is a fan of Poker too. He started playing Poker when he was in the US army. In 2005, Icahn played at the Bellagio, where he was one of two players left in a hand of seven-card stud. Icahn famously said: “I learned a long time ago that in big business and big poker, there ain’t no nice guys.”
Billionaire investor Steve Cohen, founder of SAC Capital Management, started playing Poker in high school. At the University of Pennsylvania, Cohen studied economics and “practiced” it in Poker and stock market, according to his own words.
What we’re all about at Ace Poker Solutions
We offer the highest EV poker software, and training tools available on the net, recommended and used by today’s top poker players are the world. We’ve been doing this since 2009 with the emphasis on offer unique and creative poker software that will help any level of poker player be a more thoughtful and successful player at the table. We’d invite you to check these titles out:
Leak Buster Software – Leak Buster is poker software that interfaces with your Holdem Manager or Poker Tracker database, and extracts key statistics about your play in order to find your largest poker leaks. It’s unique scoring algorithm weighs the impact of your leak against average win-rates, and suggests ways to correct those leaks through the use of videos (over 50) and written modules.
DriveHUD – DriveHUD is a poker database and HUD for your online poker play. It will overlay a HUD on your online poker tables, and display vital stats about each of the opponents on your table. It will track and record all of the hands you play online, allow to you to review, re-play, filter, graph and analyze all of the hands you’ve played so you can improve your poker game.
Ace Poker Drills – Ace Poker Drills is a poker training software that gives you a “flash card” style training for Odds and Outs, Equity, and Pre- Flop play. The Pre-Flop trainer will help you to easily recognize which hands to play in different positions. Odds and Outs trainer will get you to quickly calculate your odds and outs in various situations. Equity Trainer will quiz you on equity calculations for different hands, so that knowing your equity in a given scenario will be.