LESSON FROM A POKER CHAMPION:
HOW ENTREPRENEURS CAN THINK MORE CLEARLY
A match-winning poker face
The Big Think released a very interesting discussion with Poker star Liv Boeree, who divulges four poker lessons that are valuable business mindsets for entrepreneurs to master.
Here’s a brief summary:
Confirmation Bias – Overvaluing evidence that confirms a belief for something to be true and devaluing evidence that disproves it.
Status Quo Bias – Not wanting to change methodology because it’s worked in the past or we like doing it a certain way instead of pushing ourselves out of our comfort zone to try new tactics or strategies.
Sunk Cost Fallacy – Not calling it a day with a business despite new evidence proving something is not going to work, purely because of a past monetary or time investment.
Situational Detachment – Ignoring how you got into a situation, even if it’s a step backwards in a business, and instead focusing on the best procedure to move forward.
Check out the full interview to hear how Liv ties these poker lessons into business
Join Lorenzo Green, MRKTRS founder, in what is his first public interview in three years on the Robust Marketer Podcast. He discusses his ambitions for MRKTRS and why he turned down an 8-figure offer for another of his businesses.
A great listen (or watch, if you enjoy looking at affiliate marketers with glorious perms) if you’re interested in hearing how Loz started out in the online world and what’s currently cooking – including his involvement in the cryptocurrency space.