What Poker Taught Me about Business
Contributed by Jeff Goldenberg, the CEO of Post Oak Productions.
Poker’s universal appeal stems from the fact that it is easy to learn, extremely social, provides the opportunity for profit and takes a lifetime of commitment to master. The parallels between success in poker and in business are numerous, and they are worth examining during these trying economic times. Winning at poker and at business both rely on identifying where you have a positive edge, measuring your odds, trusting your instincts, escaping the “sunk cost trap” and committing to constant learning and improvement.