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    • ...I should have taken my poker winnings at the time and invested in his company Winmark.

      Wow!! You sure should have. I looked at their financial reports and revenue didn't grow much over the last 3 years but profits really surged. I don't know what they did, don't understand their business, but impressive.

      I once saw profit genius in action: I worked for a geophysical firm that did seismic surveys. Big crews, lots of capital equipment. Downtime was horrendously expensive. When a slowdown happened in the oil industry, all seismic companies took a very big hit that broke half of them.

      But at Western Geophysical, the CEO decided to keep the crews working, collecting a vast library of seismic data. Then instead of it being the property of, say, Exxon, we sold it for less money non-exclusively. So we could sell it to Exxon for half of what they would normally pay, and in exchange they'd let us also sell it to Shell, Conoco, BP, etc. It would take two sales for us to make what we had made with one.

      The thing is we averaged selling it 12 times for most surveys and printed money. It was embarrassing how much money we made while everyone else was laying off and folding. It was genius and guts in action.

    • Thanks for the tour inside the mind of a poker player—who knew asking the same question would work on both private pilots and tournament players?😁

      You’ve definitely had some amazing life experiences through poker. Very cool indeed!

      Based on what you’ve shared, I actually think you’ll get a lot out of the Poker MBA. Depending on how motivated you are, you could knock it out over a weekend—it’s a well-paced enjoyable read.

    • genius indeed, seems like a win win win. Company makes more money, people kept their jobs in a downturn and more customers had access to important data.

      I wonder what other great examples there are of companies that turned a tough market into a better business model and opportunity. (new thread?)

    • I just remembered the best question, which is an obvious one. How did you get inspired to play cards...

      For many they say the Matt Damon / Edward Norton movie Rounders was an inspiration. I loved the movie, hard to believe it's been over 20 years - "‘Rounders’ Turns 20: What the Film Taught Us About Poker, Risk-Taking, and Life In General"

      I grew up with grandmothers on both sides of the Atlantic (NYC & France). Both loved to play card games and I always knew I had games to look forward to when travelling to visit. They taught me all their tricks. Rummy, Bridge, Tarot.

    • I wonder what other great examples there are of companies that turned a tough market into a better business model and opportunity. (new thread?)


      If you create the conversation starter, I would definitely contribute to it.


    • So what have you been doing playing-wise since the pandemic began? Is there any talk of zooming tournaments?

      There’s so much nonverbals and body language that must go into betting that I don’t know if it would be the same game if played remotely.

    • good question... so back in March and April an app called Pokerrr was very popular among my friend group who play poker. There was basically a game going every night at varying buy-ins. It was for real money and anyone who brought an outside friend was responsible / on the hook for any money they lost and owed.

      It was also a really nice way to stay connected with friends and have something to do when things were at peak uncertainty.

      Back in March and april it was uncertain if the world series of poker would happen, seemed pretty obvious it wasn't but it wasn't announced right away, they moved it to this fall which i'm still pretty skeptical of. Sitting around a table for 6 - 12 hours a day touching the same cards etc makes the idea not very palatable.

      Not sure what this means for the future of live poker for a while.

      I'm sure online poker was booking in these little apps, in the US we can't play on the major poker sites as heavy lobbying by casinos worked and the Fed blocked the sites from operating legally here. Casinos have seen their businesses decimated by Covid and the irony is that people would have gladly gambled online and played poker on their sites if they had adopted the new technologies and change in consumer behavior instead of trying to criminalize it! The old innovators dilemma :)