WEBVTT - How A Professional Writer Turned Herself Into A World Class Poker Player

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<v Speaker 1>Hello, and welcome to another episode of the Odd Lots Podcast.

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<v Speaker 1>I'm Joe Wisntal and I'm Tracy Halloway. Tracy, So you

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<v Speaker 1>guys are going into hard lockdown again in Hong Kong. Yeah,

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<v Speaker 1>we are. We're experiencing our third wave of coronavirus and

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<v Speaker 1>unfortunately it's worse than the first and second waves. So yeah,

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<v Speaker 1>we're going back into social distancing measures. People are being

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<v Speaker 1>told to work from home, bars are closed, and restaurants

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<v Speaker 1>are implementing new restrictions. So yep, back to lockdown. So

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<v Speaker 1>obviously this is all getting pretty tiresome. I think people

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<v Speaker 1>are ready for real life to resume. But there's actually

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<v Speaker 1>one well there's a few aspects of lockdown life that

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<v Speaker 1>I kind of prefer, but there's one thing in particular

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<v Speaker 1>that I and to be better. You know what it is? Yeah,

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<v Speaker 1>I think I do. I think I've actually done it

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<v Speaker 1>with you a couple of months ago. Oh yeah, yes,

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<v Speaker 1>I find playing poker online with friends to be much

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<v Speaker 1>better than playing poker, uh in real life with friends.

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<v Speaker 1>I'm not sure poker is a better game online period,

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<v Speaker 1>but at least unlike a sort of social version, I

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<v Speaker 1>much prefer like playing in a room with a zoom

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<v Speaker 1>chat going on than actually like gathering around a table

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<v Speaker 1>with friends and playing poker. Wait, You're going to have

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<v Speaker 1>to explain that, because I thought poker, you know, when

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<v Speaker 1>people play on a casual level like that, it's supposed

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<v Speaker 1>to be a social activity. You're not supposed to like

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<v Speaker 1>doing it via zoom chat. Well I get that, and

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<v Speaker 1>so I think that's maybe it's because of a little

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<v Speaker 1>bit anti social or something like that. But normally, when

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<v Speaker 1>I've played poker among friends or casually, people start talking

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<v Speaker 1>about sports and they that flows down the dealing, and

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<v Speaker 1>a really care about those conversas sports, or like someone

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<v Speaker 1>or someone is like, oh, let's order pizza and they

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<v Speaker 1>bring up to the table or chips and I'm like,

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<v Speaker 1>come on, like let's just deal, or like someone gets distracted,

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<v Speaker 1>they start telling a story while they're dealing. That gets

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<v Speaker 1>really annoying. With the zoom chat in the you know,

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<v Speaker 1>the online poker room, you can have all that stuff.

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<v Speaker 1>You can still people having a name conversations or getting

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<v Speaker 1>up for a snack, but it doesn't slow down the

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<v Speaker 1>game at also have all you want to do is

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<v Speaker 1>focus on the cards. Actually think it's a better experience. Well,

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<v Speaker 1>I have a question how much does doing poker via

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<v Speaker 1>zoom help when it comes to actual strategy and for instance,

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<v Speaker 1>hiding your tells. Is that the reason you like it

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<v Speaker 1>because maybe when you're playing in person, everyone knows what

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<v Speaker 1>you're thinking, and when you're on zoom, it's much easier

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<v Speaker 1>to hide your motivations. Well, let's time I was playing

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<v Speaker 1>with a friend who was wearing glasses and I thought

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<v Speaker 1>I could almost make out his whole cards in the

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<v Speaker 1>reflection of his glasses. I couldn't, and that you know

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<v Speaker 1>that would be unethical, But you know, I do think

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<v Speaker 1>that's the thing. And I've noticed myself on the videos,

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<v Speaker 1>like when I'm like, oh shoot, I'm really like leaning

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<v Speaker 1>back at my chair here, I'm really staring. I wonder

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<v Speaker 1>if people can you know I'm giving it away. I

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<v Speaker 1>haven't played enough to like figure out patterns, but if

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<v Speaker 1>I were to play enough with zoom uh calls, you know,

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<v Speaker 1>you would probably start to notice. I gotta say so.

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<v Speaker 1>I don't think it's a secret to all lots listeners

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<v Speaker 1>that I am not a big poker fan or player,

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<v Speaker 1>but when I do play, I find it much much

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<v Speaker 1>more enjoyable when it's with actual people, and I think

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<v Speaker 1>it's much more interesting to try to look at the

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<v Speaker 1>psychological aspect of it all versus just the cards and

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<v Speaker 1>doing the maths, which feels like what Zoom is mostly about. Yeah, no,

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<v Speaker 1>I hear that, And actually I think without the Zoom

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<v Speaker 1>it could get a little boring. And I think poker

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<v Speaker 1>in general, even though I really enjoy it as a

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<v Speaker 1>game or as a sport or whatever you want to

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<v Speaker 1>call it, it can be boring and you just have

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<v Speaker 1>long stretches of doing nothing, and the attempt to create

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<v Speaker 1>action to create excitement can often be very costly. So

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<v Speaker 1>I certainly am sympathetic to the view that it's more

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<v Speaker 1>enjoyable in real life with actual people. Yeah, people definitely

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<v Speaker 1>seem to do stupid things when they're playing the online

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<v Speaker 1>games just to sort of whoa, just because they can.

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<v Speaker 1>But anyway, um, so I take it we are doing

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<v Speaker 1>a poker episode. Yeah, it's been a long time since

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<v Speaker 1>we've done a poker episode, but I'm really excited about

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<v Speaker 1>the one today because we're gonna be talking to an

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<v Speaker 1>author of a new book, and unlike some of our

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<v Speaker 1>previous guests who are professional online poker, longtime professional poker players.

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<v Speaker 1>Our new guest is sort of relatively new to the

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<v Speaker 1>upper echelons of the game. Oh that sounds great. I'm

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<v Speaker 1>always well as someone who came to it, um relatively recently.

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<v Speaker 1>I am always interested to hear what other people think

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<v Speaker 1>of the game and how they're strategizing around it and

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<v Speaker 1>actually playing. Yeah, I'm looking forward to learning some lessons.

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<v Speaker 1>Our guest today is Maria Kannakova. She used to be

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<v Speaker 1>a writer at The New Yorker and uh now she

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<v Speaker 1>is a professional poker player and she is the author

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<v Speaker 1>of the Biggest Bluff How I learned to pay attention,

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<v Speaker 1>master myself and win. And she decided one day to

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<v Speaker 1>be a poker success and she became one, which is

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<v Speaker 1>extremely impressive. So, Maria, thank you very much for joining us.

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<v Speaker 1>Thank you so much for having me. It's a pleasure.

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<v Speaker 1>So you just decided one day, you're like I am

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<v Speaker 1>going to be a great poker player, and you just

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<v Speaker 1>will yourself and trained yourself and you became one. You

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<v Speaker 1>actually just manufactured it and made it happen. Is that

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<v Speaker 1>is that accurate? Um? Not entirely, Not entirely. UM. I

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<v Speaker 1>was someone like like you, Tracy, who had zero interest

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<v Speaker 1>in poker whatsoever. I'm not a games player. I have

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<v Speaker 1>no interesting games like any of them for my In

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<v Speaker 1>my free time, I like to read and do things

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<v Speaker 1>like that. I've never grown up in a household. I

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<v Speaker 1>don't even think we had a deck of cards, and

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<v Speaker 1>definitely no board games. Um they bore me. And I

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<v Speaker 1>think the scariest thing that my niece and nephew can

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<v Speaker 1>do is take out travelers of Katan. I just I

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<v Speaker 1>start having a panic attack right away, thinking, Oh, no,

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<v Speaker 1>are we actually going to have to play this? So

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<v Speaker 1>so that's not my world at all. I wanted to

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<v Speaker 1>write a book about luck, about the role that chance

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<v Speaker 1>plays in our lives, but to do so in a

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<v Speaker 1>more systematic way, to try to figure out, Okay, can

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<v Speaker 1>we learn to tell the difference between the things that

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<v Speaker 1>we can control and the things we can't control? Can

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<v Speaker 1>we learn to figure out where skill ends and where

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<v Speaker 1>chance begins? And I needed a way into that topic,

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<v Speaker 1>and I actually found one through one of the great

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<v Speaker 1>geniuses of the twentieth century, John von Neuman. I turned

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<v Speaker 1>to him because he's the father of game theory, and

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<v Speaker 1>I wanted to look at that framework for looking at chance.

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<v Speaker 1>And it turns out that von Neuman was a poker

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<v Speaker 1>player and that game theory is actually based on poker.

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<v Speaker 1>That man Neuman believed that poker was the game that

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<v Speaker 1>best resembled strategic decision making in real life, because real life,

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<v Speaker 1>unlike a lot of games like chess, like go um,

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<v Speaker 1>which are games of complete information where you can actually

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<v Speaker 1>see the entire board, you can see all the pieces,

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<v Speaker 1>you can figure out the right move, and you can

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<v Speaker 1>compute what the right decision is, that's not real life.

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<v Speaker 1>Real life is a game with a lot of unknowns,

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<v Speaker 1>with a lot of uncertainty, with a lot of ambiguity.

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<v Speaker 1>And that's what poker is. And so von Neuman believed

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<v Speaker 1>that if you could actually solve poker, then you'd have

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<v Speaker 1>the key to some of the most complex strategic decisions

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<v Speaker 1>in reality. Um. And at the time, the guy was

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<v Speaker 1>working on the hydrogen bomb, so so he really knew

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<v Speaker 1>what he was talking about. He was at the highest

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<v Speaker 1>echelons of governmental advising on strategy. This really really intrigued man.

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<v Speaker 1>I thought, Oh, what is this poker thing? You know,

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<v Speaker 1>I am really don't know what it is. But if

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<v Speaker 1>this man thinks that poker is such a crucial element

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<v Speaker 1>to understanding the exact questions I'm interested in. Maybe I

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<v Speaker 1>should read a little bit about it. Started reading about it,

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<v Speaker 1>and I thought, this is my book. Why don't I

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<v Speaker 1>learn this game? Why don't I get someone really really

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<v Speaker 1>good to teach me? Um? And why don't I use

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<v Speaker 1>that kind of as a life metaphor to to explore

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<v Speaker 1>all of these questions of skill and chance that I'm

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<v Speaker 1>interested in. And I didn't actually say I'm going to

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<v Speaker 1>become a great poker player. I had no expectations. I

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<v Speaker 1>didn't know if I was going to be good, if

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<v Speaker 1>I was going to be bad. It didn't really matter.

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<v Speaker 1>What it mattered to me was the journey, the learning process, Tracy.

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<v Speaker 1>I just want to point out that Maria has won

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<v Speaker 1>three hundred eleven thousand dollars playing poker tournaments according to

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<v Speaker 1>the Hendon mob database, including her best cash of an

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<v Speaker 1>eighty four thousand dollar eighty four thousand six D pay day.

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<v Speaker 1>So something to keep in mind when someone just says, oh,

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<v Speaker 1>I want to learn how to do it, I'm I'm

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<v Speaker 1>extremely impressed. Anyway, keep going. I just want to just

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<v Speaker 1>sort of set the stage of how how successful that

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<v Speaker 1>decision was. Yeah, fair enough, So you didn't set out

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<v Speaker 1>to become a great poker player, but it looks like

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<v Speaker 1>you got there anyway. But I have to say that

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<v Speaker 1>mix of skill and luck that you were describing this

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<v Speaker 1>is one of my own personal frustrations with poker, because

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<v Speaker 1>I feel like, even if I personally play a really,

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<v Speaker 1>really good game, if I just get a bunch of

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<v Speaker 1>terrible cards, there's not that much I can do about it.

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<v Speaker 1>So I'm very intrigued by your thesis. Um, I'm curious

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<v Speaker 1>as you set out to learn more about poker, where

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<v Speaker 1>did you begin? You mentioned reading a lot, but but

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<v Speaker 1>where did you go from there? And who did you

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<v Speaker 1>talk to? So I enlisted Eric Sidell, who is one

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<v Speaker 1>of the best players in the world, some considered him

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<v Speaker 1>to be the greatest player of all time, to serve

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<v Speaker 1>as my coach and mentor throughout this journey. Um, I

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<v Speaker 1>got incredibly lucky. You know. My Luks started from day

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<v Speaker 1>one when he agreed to take on this project even

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<v Speaker 1>though he's never taken a student before me, and said, Okay,

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<v Speaker 1>this is interesting, this is intriguing. Let's see if someone

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<v Speaker 1>with your mind set, with a background in psychology, who's

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<v Speaker 1>a blank slate for poker basically, if we can teach

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<v Speaker 1>you to play well, and he set my agenda and

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<v Speaker 1>he was able to introduce me to a lot of

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<v Speaker 1>the best minds in the game. So don't get me wrong,

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<v Speaker 1>I I did work incredibly hard. Um I When I

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<v Speaker 1>decided to do this, you know, I left the New Yorker.

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<v Speaker 1>I said, I'm going to do this full time, seven

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<v Speaker 1>days a week, seven eight nine, ten hours a day.

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<v Speaker 1>I was living in breathing poker, either playing or analyzing

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<v Speaker 1>hands or studying or doing something. But but that aside,

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<v Speaker 1>I also had access to the best minds in the game.

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<v Speaker 1>So Eric introduced me to Dan Harrington, who literally wrote

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<v Speaker 1>the textbooks on introduction to poker. I started working a

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<v Speaker 1>lot with Phil Galfond, who is the founder of Run

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<v Speaker 1>at Once, which is both a training site which is

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<v Speaker 1>some of the best or training content and a poker site,

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<v Speaker 1>um which you can't play on in the United States unfortunately,

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<v Speaker 1>but you can play on in the rest of the world.

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<v Speaker 1>And he's one of the greatest players of all time.

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<v Speaker 1>And then all of these other great names just came

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<v Speaker 1>along and helped me, and we're there to answer any

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<v Speaker 1>question that I could possibly have. And that's rare when

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<v Speaker 1>you have an opportunity to just pick the brains of

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<v Speaker 1>the best practitioners in that world. I don't take that

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<v Speaker 1>for granted, you know, I'm I could have been someone

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<v Speaker 1>who worked really, really hard and never achieved success because

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<v Speaker 1>I didn't have access to that. And Tracy, you know,

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<v Speaker 1>to to answer your your frustration with the game. That's

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<v Speaker 1>also the beautiful thing about it because it teaches you

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<v Speaker 1>how to deal with that in life. It's one of

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<v Speaker 1>these things where one of the lessons that all of

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<v Speaker 1>my all of my teachers, but mostly Eric would stress

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<v Speaker 1>over and over and over is that you have to

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<v Speaker 1>divorce yourself completely from the outcome. What poker teaches you

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<v Speaker 1>is to focus only on the thing you can control,

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<v Speaker 1>which is the process, which is making the best decisions

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<v Speaker 1>you possibly can and putting yourself in a position to win,

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<v Speaker 1>because then over the long term, if you master the process,

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<v Speaker 1>you're going to be a winning player. No matter what.

0:12:12.320 --> 0:12:14.520
<v Speaker 1>In the short term, variance can go against you, and yeah,

0:12:14.559 --> 0:12:16.640
<v Speaker 1>you can get bad cards, someone else can be hit

0:12:16.679 --> 0:12:18.720
<v Speaker 1>in the face with the deck. Um, you might win it,

0:12:18.800 --> 0:12:20.559
<v Speaker 1>you might lose a hand, you might lose a game,

0:12:20.600 --> 0:12:23.160
<v Speaker 1>you might lose a tournament, but if you play over

0:12:23.200 --> 0:12:27.000
<v Speaker 1>and over and over and you've always just completely disregarded

0:12:27.040 --> 0:12:29.360
<v Speaker 1>the outcome and focused on making your process as good

0:12:29.400 --> 0:12:33.760
<v Speaker 1>as possible, eventually you're going to win a lot of funeym.

0:12:47.559 --> 0:12:52.160
<v Speaker 1>Can you talk a little bit more about what what

0:12:52.320 --> 0:12:56.600
<v Speaker 1>you get out of professional guidance? And obviously everyone knows

0:12:56.640 --> 0:12:59.360
<v Speaker 1>there's a million poker books that's been that have been written.

0:12:59.840 --> 0:13:02.560
<v Speaker 1>I read a handful of them. What is it that

0:13:02.600 --> 0:13:06.480
<v Speaker 1>when you talk to someone like Eric Sidell or Dan Harrington?

0:13:07.120 --> 0:13:09.040
<v Speaker 1>What is it that they can do for you? Is

0:13:09.080 --> 0:13:13.920
<v Speaker 1>it hand analysis? Is it helping you identify patterns of

0:13:14.040 --> 0:13:17.000
<v Speaker 1>play among the people with whom you're at a table.

0:13:17.280 --> 0:13:19.560
<v Speaker 1>Talk to us about like what is it how that

0:13:19.720 --> 0:13:22.560
<v Speaker 1>coaching works and what specifically they can offer to help

0:13:22.600 --> 0:13:25.840
<v Speaker 1>someone's game go to the next level. Well, I think

0:13:25.880 --> 0:13:29.640
<v Speaker 1>that personalization is key. Eric got to know me incredibly well.

0:13:29.679 --> 0:13:31.520
<v Speaker 1>I mean, at this point, you know, I count him

0:13:31.520 --> 0:13:33.920
<v Speaker 1>as a good friend because of just the sheer amount

0:13:33.920 --> 0:13:35.960
<v Speaker 1>of time that I spent with his family. They basically

0:13:35.960 --> 0:13:40.640
<v Speaker 1>adopted me. The Sidels are are amazing, um, and you know,

0:13:40.720 --> 0:13:43.880
<v Speaker 1>I just I tagged along and spent more time with

0:13:43.880 --> 0:13:46.600
<v Speaker 1>with them than I did with my own family for

0:13:46.600 --> 0:13:50.920
<v Speaker 1>for over a year, um, and he really knew how

0:13:50.960 --> 0:13:53.520
<v Speaker 1>I thought and who I was, and so that enabled

0:13:53.600 --> 0:13:56.560
<v Speaker 1>him to see my weaknesses and to be able to

0:13:56.760 --> 0:14:00.480
<v Speaker 1>really teach me how to think properly in a way

0:14:00.480 --> 0:14:02.400
<v Speaker 1>that he couldn't have done had I just been some

0:14:02.880 --> 0:14:05.240
<v Speaker 1>random person. And so I do think that that level

0:14:05.240 --> 0:14:08.800
<v Speaker 1>of immersion was absolutely essential. And yes, hand analysis this

0:14:08.960 --> 0:14:11.520
<v Speaker 1>is very important to that because a book can only

0:14:11.559 --> 0:14:15.120
<v Speaker 1>teach you so much, but actually being able to discuss

0:14:15.200 --> 0:14:18.040
<v Speaker 1>things with people actually and this is true of anything,

0:14:18.200 --> 0:14:23.120
<v Speaker 1>of learning, absolutely anything, Having someone with whom to talk

0:14:23.240 --> 0:14:27.120
<v Speaker 1>through ideas, talk through your thought process really helps you

0:14:27.160 --> 0:14:31.320
<v Speaker 1>grow and learn because you're forced to explain your thought process,

0:14:31.360 --> 0:14:34.200
<v Speaker 1>you're forced to pay attention to it, you're forced to

0:14:35.000 --> 0:14:37.320
<v Speaker 1>analyze it in a way that allows you to spot

0:14:37.360 --> 0:14:40.160
<v Speaker 1>loopholes that you otherwise wouldn't fat. One of the best

0:14:40.160 --> 0:14:42.720
<v Speaker 1>teaching tools is to try to explain something to someone.

0:14:42.960 --> 0:14:45.080
<v Speaker 1>If you're unable to explain a concept, that means you

0:14:45.080 --> 0:14:47.440
<v Speaker 1>don't not understand it, and that is one of the

0:14:47.480 --> 0:14:50.240
<v Speaker 1>first ways that a teacher can see whether someone has

0:14:50.280 --> 0:14:53.000
<v Speaker 1>actually understood something. It's very easy to say, oh, yeah,

0:14:53.040 --> 0:14:55.160
<v Speaker 1>I get that, but then say Okay, now teach someone

0:14:55.160 --> 0:14:57.600
<v Speaker 1>who doesn't get it um, and most people of flounder

0:14:57.720 --> 0:14:59.720
<v Speaker 1>and not be able to do that, and so that

0:15:00.120 --> 0:15:04.040
<v Speaker 1>and forth made it impossible for me to hide. I

0:15:04.120 --> 0:15:06.840
<v Speaker 1>actually had to learn these ideas. I actually had to

0:15:06.840 --> 0:15:10.240
<v Speaker 1>think through them for myself. And most of what Eric did,

0:15:10.560 --> 0:15:12.880
<v Speaker 1>it's not like we never sat down and he said, okay,

0:15:12.920 --> 0:15:14.480
<v Speaker 1>this is how you played this hand in that position.

0:15:14.680 --> 0:15:18.160
<v Speaker 1>We didn't have a single conversation like that. It was all, okay, well,

0:15:18.240 --> 0:15:21.160
<v Speaker 1>let's think through this. It's very socratic method um, which

0:15:21.160 --> 0:15:24.520
<v Speaker 1>could have been which could be incredibly frustrating. And sometimes

0:15:24.560 --> 0:15:26.080
<v Speaker 1>I just wanted to shake him and say, just tell

0:15:26.120 --> 0:15:28.120
<v Speaker 1>me how to play this. You know, I don't know

0:15:28.160 --> 0:15:31.240
<v Speaker 1>what I'm doing. Um. But what he was doing was

0:15:31.240 --> 0:15:33.840
<v Speaker 1>giving me the building blocks of thought, the building blocks

0:15:33.840 --> 0:15:36.800
<v Speaker 1>of analysis, so that I could survive on my own

0:15:37.320 --> 0:15:40.840
<v Speaker 1>rather than UM, I have to constantly turn to him

0:15:40.840 --> 0:15:43.480
<v Speaker 1>and try to memorize things. Memorization is not the way

0:15:43.480 --> 0:15:45.880
<v Speaker 1>to go by the way. That's that's a really bad

0:15:45.880 --> 0:15:47.560
<v Speaker 1>way of learning poker. And that's what a lot of

0:15:47.560 --> 0:15:49.560
<v Speaker 1>people do. They're like, oh, this is my hand range.

0:15:49.600 --> 0:15:51.560
<v Speaker 1>I know that I'm opening these hands. I know I'm

0:15:51.600 --> 0:15:53.960
<v Speaker 1>doing this, I know I'm doing that. It's all based

0:15:54.000 --> 0:15:57.800
<v Speaker 1>on memory. And while it's good to memorize certain things

0:15:57.920 --> 0:15:59.920
<v Speaker 1>like the odds of hitting a flush, you know, very

0:16:00.160 --> 0:16:03.040
<v Speaker 1>just very basic things. It's like a handfeld like ten things.

0:16:03.320 --> 0:16:05.800
<v Speaker 1>And then otherwise in terms of how you play, it's

0:16:05.800 --> 0:16:08.600
<v Speaker 1>all about the process, not about oh this is what

0:16:08.640 --> 0:16:11.120
<v Speaker 1>I do with this hand. No, let me look at

0:16:11.160 --> 0:16:13.920
<v Speaker 1>the situation. Let me look at all the factors, because

0:16:14.160 --> 0:16:17.240
<v Speaker 1>no two hands are the same, No two situations are

0:16:17.320 --> 0:16:20.640
<v Speaker 1>the same. And if you learn to conct contextualize every

0:16:20.640 --> 0:16:23.000
<v Speaker 1>decision that way, you're going to be a much better

0:16:23.040 --> 0:16:25.560
<v Speaker 1>decision maker, not just in poker, but in all decisions

0:16:25.640 --> 0:16:28.800
<v Speaker 1>that you make. M Well, just on that note, So,

0:16:28.960 --> 0:16:31.480
<v Speaker 1>once you had the building blocks of how to actually

0:16:31.640 --> 0:16:34.840
<v Speaker 1>play poker, can you describe what worked for you and

0:16:34.880 --> 0:16:39.800
<v Speaker 1>what you're playing style eventually looked like. That's a really

0:16:39.840 --> 0:16:42.400
<v Speaker 1>excellent question. Um. One of the things that I had

0:16:42.680 --> 0:16:46.040
<v Speaker 1>trouble with from the very beginning was aggression and bluff.

0:16:46.040 --> 0:16:49.360
<v Speaker 1>Thing that's really not my personality. UM, that's not something

0:16:49.400 --> 0:16:51.840
<v Speaker 1>I was ever good at, and that's something that people

0:16:51.840 --> 0:16:56.120
<v Speaker 1>took advantage of. UM. I found myself being bullied a

0:16:56.160 --> 0:16:59.840
<v Speaker 1>lot and actually bowing down to the pressure. And it

0:16:59.880 --> 0:17:04.199
<v Speaker 1>was a really unpleasant realization. I had always thought of

0:17:04.240 --> 0:17:07.240
<v Speaker 1>myself as, you know, a pretty successful, strong willed female,

0:17:07.600 --> 0:17:10.400
<v Speaker 1>and it ends up that I'd actually internalized so many

0:17:10.440 --> 0:17:13.520
<v Speaker 1>gender stereotypes. I would be much more passive because I

0:17:13.560 --> 0:17:15.520
<v Speaker 1>wanted people to like me, and that was more important

0:17:15.520 --> 0:17:17.400
<v Speaker 1>to me than winning a lot of money. I would

0:17:17.440 --> 0:17:19.520
<v Speaker 1>fold hands because I didn't want people to say, oh,

0:17:19.560 --> 0:17:22.639
<v Speaker 1>there's that horrible girl again who always raises me. I

0:17:22.720 --> 0:17:25.639
<v Speaker 1>didn't want to. I wanted them to have a pleasant experience.

0:17:26.040 --> 0:17:28.399
<v Speaker 1>This was really not a good way to play poker

0:17:28.440 --> 0:17:30.240
<v Speaker 1>and not a good way to go through life. And

0:17:30.359 --> 0:17:33.560
<v Speaker 1>I was really upset with myself when I realized that

0:17:33.600 --> 0:17:35.919
<v Speaker 1>I was doing it, and so I really had to

0:17:35.960 --> 0:17:39.960
<v Speaker 1>work hard at that and eventually came to a style

0:17:40.119 --> 0:17:43.800
<v Speaker 1>that was much more my own and that actually took

0:17:43.800 --> 0:17:45.840
<v Speaker 1>advantage of the things that I was innately good at.

0:17:46.320 --> 0:17:48.880
<v Speaker 1>This is something that I learned from Phil Galfund. Phil

0:17:49.040 --> 0:17:52.880
<v Speaker 1>is a very mild mannered person, and he told me,

0:17:53.119 --> 0:17:55.080
<v Speaker 1>you know, when I was trying to be aggressive all

0:17:55.200 --> 0:17:57.480
<v Speaker 1>the time, he said, look this, you don't have to

0:17:57.520 --> 0:18:00.320
<v Speaker 1>be You have to find your own style and Peel

0:18:00.359 --> 0:18:02.800
<v Speaker 1>himself isn't a terribly aggressive player, even though he's one

0:18:02.800 --> 0:18:05.080
<v Speaker 1>of the most successful players in the world. He said,

0:18:05.080 --> 0:18:07.400
<v Speaker 1>there's no one size fits all. Find the style that's

0:18:07.400 --> 0:18:10.080
<v Speaker 1>best for you, and so yes, be aggressive, but be

0:18:10.119 --> 0:18:12.840
<v Speaker 1>aggressive in a way that works for you. Not everyone

0:18:12.880 --> 0:18:16.160
<v Speaker 1>can be hyper aggressive. It's something that has to fit

0:18:16.200 --> 0:18:19.080
<v Speaker 1>with your personality. It didn't fit with mine, and so

0:18:19.160 --> 0:18:24.520
<v Speaker 1>eventually I developed a very very I don't want to

0:18:24.720 --> 0:18:27.200
<v Speaker 1>say the word reactive because it sounds kind of negative,

0:18:27.280 --> 0:18:32.359
<v Speaker 1>but it's an adjustable playing style. Let's let's call it that, um.

0:18:32.440 --> 0:18:35.040
<v Speaker 1>But it is reactive because I was reacting to people's

0:18:35.119 --> 0:18:38.119
<v Speaker 1>perceptions of me and how they see women, because I

0:18:38.240 --> 0:18:40.840
<v Speaker 1>realized that everyone saw me as a female first and

0:18:40.880 --> 0:18:43.399
<v Speaker 1>as a poker player second, and if I could figure

0:18:43.440 --> 0:18:45.840
<v Speaker 1>out how they thought women played, because by the way,

0:18:45.840 --> 0:18:48.880
<v Speaker 1>poker's ninety seven percent male the professional world and three

0:18:48.880 --> 0:18:52.520
<v Speaker 1>percent female. So most of the time people will be like, oh,

0:18:52.560 --> 0:18:54.760
<v Speaker 1>my girlfriend plays, this is how she plays, so I

0:18:54.760 --> 0:18:56.880
<v Speaker 1>think you're going to play like that. They take their

0:18:57.200 --> 0:18:59.920
<v Speaker 1>you know, these very strange notions of how women are

0:19:00.000 --> 0:19:02.520
<v Speaker 1>supposed to play or not play, and they apply them

0:19:02.560 --> 0:19:04.399
<v Speaker 1>to me, at least at the beginning, and if I

0:19:04.440 --> 0:19:06.800
<v Speaker 1>can figure out what that is, then I can play

0:19:06.920 --> 0:19:10.440
<v Speaker 1>into it and actually take advantage of it. Because it's

0:19:10.480 --> 0:19:13.320
<v Speaker 1>an incredibly strong it's a it's a wonderful thing to

0:19:13.359 --> 0:19:16.720
<v Speaker 1>be underestimated. It's something that you can really really use.

0:19:17.119 --> 0:19:19.240
<v Speaker 1>And once I realized that, then I turned it on

0:19:19.280 --> 0:19:21.440
<v Speaker 1>its head and instead of letting myself people and I

0:19:21.480 --> 0:19:23.520
<v Speaker 1>was like, Okay, if you underestimate me and think that

0:19:23.640 --> 0:19:26.119
<v Speaker 1>I will fold to everything, then I know how to

0:19:26.240 --> 0:19:30.840
<v Speaker 1>I know how to counteract that. How should someone go

0:19:30.960 --> 0:19:34.280
<v Speaker 1>about the process of self evaluating? So I, like I said,

0:19:34.320 --> 0:19:36.199
<v Speaker 1>I like to play. I don't consider myself to be

0:19:36.400 --> 0:19:39.399
<v Speaker 1>particularly good at it. I just enjoy it sometimes I do.

0:19:39.480 --> 0:19:43.479
<v Speaker 1>All right, what are the first questions or what are

0:19:43.520 --> 0:19:47.040
<v Speaker 1>the first you know, you mentioned the Socratic approach to learning,

0:19:47.080 --> 0:19:49.520
<v Speaker 1>but what is what are the first things one should

0:19:49.520 --> 0:19:54.040
<v Speaker 1>look for in themselves to just a identify, um, how

0:19:54.119 --> 0:19:58.639
<v Speaker 1>they play currently and then be How might one go

0:19:58.760 --> 0:20:04.359
<v Speaker 1>about evaluating a style of aggression or reaction that they're

0:20:04.480 --> 0:20:08.320
<v Speaker 1>comfortable with themselves? Well, I think that self analysis starts

0:20:08.600 --> 0:20:11.600
<v Speaker 1>far away from the poker table. I think everyone needs

0:20:11.640 --> 0:20:16.240
<v Speaker 1>to take some time to just sit down and kind

0:20:16.240 --> 0:20:18.760
<v Speaker 1>of do a little self assessment, think, Okay, what are

0:20:18.800 --> 0:20:22.000
<v Speaker 1>my strengths, what are my weaknesses, What are the things

0:20:22.080 --> 0:20:24.520
<v Speaker 1>that annoy me? What are the things that make me happy?

0:20:24.840 --> 0:20:27.520
<v Speaker 1>Because at the poker table, all of these things are

0:20:27.520 --> 0:20:30.800
<v Speaker 1>going to come out. All of the psychological baggage that

0:20:30.840 --> 0:20:33.199
<v Speaker 1>you carry with you is going to come out, and

0:20:33.200 --> 0:20:36.159
<v Speaker 1>it's going to affect your game. Also, very important to

0:20:36.200 --> 0:20:38.600
<v Speaker 1>poker and to a lot of other strategic decisions are

0:20:38.880 --> 0:20:41.679
<v Speaker 1>how do I react to risk and to stress? So

0:20:41.800 --> 0:20:45.080
<v Speaker 1>am I in what kinds of situations? Am I risk seeking?

0:20:45.119 --> 0:20:47.679
<v Speaker 1>And what kinds of situations? And my risk averse? So

0:20:47.760 --> 0:20:52.159
<v Speaker 1>in poker, you'll see that one of the best scenarios

0:20:52.440 --> 0:20:55.840
<v Speaker 1>to pay attention to for other players if you want

0:20:55.840 --> 0:20:58.720
<v Speaker 1>to take advantage of them, is how do they react

0:20:59.040 --> 0:21:03.080
<v Speaker 1>when they lose huge pot? And relatedly, how do they

0:21:03.080 --> 0:21:06.280
<v Speaker 1>react when they win a huge pot. Most players are

0:21:06.280 --> 0:21:08.880
<v Speaker 1>actually going to react in some way, but that way

0:21:09.000 --> 0:21:11.440
<v Speaker 1>is not going to be the same. So some people,

0:21:11.480 --> 0:21:13.480
<v Speaker 1>for instance, when they lose a lot of money, all

0:21:13.520 --> 0:21:15.680
<v Speaker 1>of a sudden, they'll get hyper aggressive because they want

0:21:15.720 --> 0:21:18.680
<v Speaker 1>to win those chips back. They'll become much more risk seeking.

0:21:19.160 --> 0:21:21.640
<v Speaker 1>Other people when they lose a lot they'll suddenly become

0:21:21.720 --> 0:21:23.919
<v Speaker 1>very cautious and very risk averse because they want to

0:21:23.960 --> 0:21:26.600
<v Speaker 1>protect the little they have left. By the way, now

0:21:26.920 --> 0:21:29.760
<v Speaker 1>put in investing or whatever it is for poker, and

0:21:29.800 --> 0:21:32.639
<v Speaker 1>I think this is very true. Other people, when they

0:21:32.640 --> 0:21:35.040
<v Speaker 1>win a lot of money, they'll again become very risk seeking.

0:21:35.040 --> 0:21:36.399
<v Speaker 1>You say, oh, yeah, I'm on a roll. I have

0:21:36.480 --> 0:21:39.400
<v Speaker 1>the hot hand, gotta take more risks, gotta gotta keep

0:21:39.400 --> 0:21:42.359
<v Speaker 1>the role going. Others, when they win a lot, they'll say, Okay,

0:21:42.359 --> 0:21:44.400
<v Speaker 1>I'm done. You know, now I'm gonna be really conservative.

0:21:44.440 --> 0:21:47.080
<v Speaker 1>I want to protect what I already have. I don't

0:21:47.119 --> 0:21:50.040
<v Speaker 1>want to lose this because I could get unlucky. You

0:21:50.040 --> 0:21:53.240
<v Speaker 1>need to figure out how people are responding to those situations,

0:21:53.440 --> 0:21:55.960
<v Speaker 1>and then you can take advantage of that. But by

0:21:55.960 --> 0:21:57.840
<v Speaker 1>the same token, you need to figure out how you

0:21:57.880 --> 0:22:01.640
<v Speaker 1>respond to that. Most people are honest with themselves. They say, oh,

0:22:01.880 --> 0:22:04.320
<v Speaker 1>I don't let that affect me. You know, I'm a

0:22:04.480 --> 0:22:08.000
<v Speaker 1>very rational person. No nobody is at the beginning, and

0:22:08.080 --> 0:22:11.600
<v Speaker 1>you actually have to honestly do that self assessment and

0:22:11.600 --> 0:22:14.240
<v Speaker 1>figure out, Okay, if I'm in that situation, how am

0:22:14.240 --> 0:22:16.520
<v Speaker 1>I going to react? Because it's not going to be

0:22:16.640 --> 0:22:19.840
<v Speaker 1>rational and how do I counteract that? So you you

0:22:19.880 --> 0:22:22.560
<v Speaker 1>start from that, you start to be honest with yourself,

0:22:22.840 --> 0:22:25.639
<v Speaker 1>put yourself in those most common situations, the ones that

0:22:25.720 --> 0:22:28.399
<v Speaker 1>are most likely to get you off of a rational

0:22:28.440 --> 0:22:31.800
<v Speaker 1>decision making path and onto an emotional decision making path,

0:22:32.160 --> 0:22:35.480
<v Speaker 1>and figure out ahead of time what your emotional reactions are,

0:22:35.480 --> 0:22:37.399
<v Speaker 1>so that you can figure out a game plan for

0:22:37.440 --> 0:22:40.680
<v Speaker 1>how to counteract that, and how to actually identify ahead

0:22:40.720 --> 0:22:43.760
<v Speaker 1>of time, so that you become someone who in the

0:22:43.840 --> 0:22:47.920
<v Speaker 1>moment is more able to control your thought process, more

0:22:47.960 --> 0:22:50.639
<v Speaker 1>able to control your emotions, and then you take it

0:22:50.640 --> 0:22:53.560
<v Speaker 1>from there. So I feel like whenever we have a

0:22:53.560 --> 0:22:57.159
<v Speaker 1>conversation about how best to play poker, and Joe and

0:22:57.200 --> 0:22:59.239
<v Speaker 1>I have had quite a few of those on on

0:22:59.280 --> 0:23:02.200
<v Speaker 1>the podcast over the past few years, but there's always

0:23:02.200 --> 0:23:06.320
<v Speaker 1>this emphasis on being rational for obvious reasons. Right, it's

0:23:06.320 --> 0:23:09.680
<v Speaker 1>a game of logic, it's a game of numbers and probabilities.

0:23:09.720 --> 0:23:15.040
<v Speaker 1>But is there any room for for emotions, for gut feeling.

0:23:15.240 --> 0:23:18.159
<v Speaker 1>Is there a way to use that to your advantage?

0:23:18.200 --> 0:23:23.760
<v Speaker 1>I feel like that aspect of it rarely gets to um, Okay,

0:23:23.760 --> 0:23:26.359
<v Speaker 1>you've you've hit on one of my one of my

0:23:26.440 --> 0:23:30.679
<v Speaker 1>big passions which is to get the term gut feeling

0:23:30.760 --> 0:23:35.959
<v Speaker 1>out of people's um action vocabulary. Ever, so we what

0:23:36.200 --> 0:23:39.800
<v Speaker 1>we love to react with our gut and a lot

0:23:39.840 --> 0:23:41.560
<v Speaker 1>of people will say, oh, you know, I'm a gut

0:23:41.600 --> 0:23:44.280
<v Speaker 1>I'm a field player, I'm a gut player. So I

0:23:44.720 --> 0:23:47.720
<v Speaker 1>as a psychologist, I studied this a lot. And what

0:23:47.760 --> 0:23:50.159
<v Speaker 1>we find and study after study is that people have

0:23:50.359 --> 0:23:54.040
<v Speaker 1>very very strong gut feelings, and they're equally strong when

0:23:54.040 --> 0:23:57.440
<v Speaker 1>they're correct and when they're wrong. And if you ask

0:23:57.560 --> 0:24:01.520
<v Speaker 1>people to tell the difference, they're on able to coin flips.

0:24:01.560 --> 0:24:04.840
<v Speaker 1>So we have zero ability to tell which of our

0:24:04.880 --> 0:24:07.879
<v Speaker 1>gut feelings are our intuitions is accurate and which is

0:24:07.880 --> 0:24:12.400
<v Speaker 1>completely wrong minded. And our memories are very false when

0:24:12.400 --> 0:24:15.399
<v Speaker 1>it comes to this, they're very biased. So we'll remember

0:24:15.400 --> 0:24:17.439
<v Speaker 1>the times that we, you know, followed our gut and

0:24:17.440 --> 0:24:20.080
<v Speaker 1>we're right, or didn't follow it and our gut was right,

0:24:20.320 --> 0:24:22.399
<v Speaker 1>and we'll forget all of those other times where our

0:24:22.440 --> 0:24:24.760
<v Speaker 1>gut was full of crap, which is what our gut

0:24:24.800 --> 0:24:30.040
<v Speaker 1>is normally filled with. And so what I urge people

0:24:30.080 --> 0:24:33.399
<v Speaker 1>to do is to realize that there's only one type

0:24:33.440 --> 0:24:35.400
<v Speaker 1>of gut feeling that you should be able to pay

0:24:35.440 --> 0:24:38.879
<v Speaker 1>attention to. And that's when it's not really a gut feeling.

0:24:39.240 --> 0:24:42.600
<v Speaker 1>That's when it's thousands and thousands and thousands of hours

0:24:42.600 --> 0:24:46.360
<v Speaker 1>of hard earned expertise of something that you are truly

0:24:46.760 --> 0:24:48.680
<v Speaker 1>good at and that you've spent a lot of time

0:24:48.720 --> 0:24:52.159
<v Speaker 1>studying that your mind might not have conscious access to,

0:24:52.720 --> 0:24:55.480
<v Speaker 1>and so you actually experienced it as gut when it's

0:24:55.560 --> 0:24:59.280
<v Speaker 1>really expertise. So for someone like Eric Seidel, if he

0:24:59.400 --> 0:25:01.879
<v Speaker 1>has a got feeling that this person is bluffing at

0:25:01.880 --> 0:25:04.040
<v Speaker 1>the poker table, you should go with that gut because

0:25:04.080 --> 0:25:06.480
<v Speaker 1>it's not gut, it's pattern recognition. It's the fact that

0:25:06.520 --> 0:25:10.360
<v Speaker 1>he's seen this situation play out over the last thirties

0:25:10.400 --> 0:25:14.400
<v Speaker 1>some odd years countless times. He just hasn't actually sat

0:25:14.440 --> 0:25:17.080
<v Speaker 1>down every time and then an analysis and said, oh,

0:25:17.119 --> 0:25:20.080
<v Speaker 1>when this happens, this person is bluff thing. But his

0:25:20.160 --> 0:25:22.240
<v Speaker 1>brain was doing that analysis even though he might not

0:25:22.280 --> 0:25:25.159
<v Speaker 1>have consciously been writing it down because he doesn't have

0:25:25.200 --> 0:25:27.919
<v Speaker 1>conscious access to it. He says, oh, gut feeling, But

0:25:27.960 --> 0:25:31.400
<v Speaker 1>it's not gut feeling. It's over thirty years of winning

0:25:31.480 --> 0:25:33.719
<v Speaker 1>at this game and seeing this play out over and

0:25:33.840 --> 0:25:36.560
<v Speaker 1>over and over. If I have that same gut feeling

0:25:36.600 --> 0:25:39.240
<v Speaker 1>this person is bluffing, I should ignore that and try

0:25:39.280 --> 0:25:42.159
<v Speaker 1>to look at all of the other things that I

0:25:42.200 --> 0:25:45.439
<v Speaker 1>can be using to make my decision. Because I do

0:25:45.520 --> 0:25:48.919
<v Speaker 1>not have the expertise. I've not been playing poker nearly

0:25:48.960 --> 0:25:51.800
<v Speaker 1>long enough. I cannot calm myself an expert. I'm not

0:25:51.800 --> 0:25:54.080
<v Speaker 1>allowed to calm myself an expert for another ten years

0:25:54.080 --> 0:25:57.440
<v Speaker 1>at least. Um, And so that's you have to be really,

0:25:57.520 --> 0:26:00.240
<v Speaker 1>really careful. And that's not something that people really like

0:26:00.320 --> 0:26:03.280
<v Speaker 1>to hear. We really love our guts, but you know

0:26:03.359 --> 0:26:06.080
<v Speaker 1>our our guts. That's you don't want to be deciding

0:26:06.080 --> 0:26:07.960
<v Speaker 1>with your stomach. You want to be deciding with your head.

0:26:09.160 --> 0:26:13.320
<v Speaker 1>So talk to us a little bit more about your

0:26:13.359 --> 0:26:16.760
<v Speaker 1>actual experience and uh, you know you mentioned okay, you

0:26:16.840 --> 0:26:21.600
<v Speaker 1>decided you wanted to do this, you sought out instruction,

0:26:22.240 --> 0:26:24.919
<v Speaker 1>but then actual put it into gameplay, And what was

0:26:25.000 --> 0:26:27.880
<v Speaker 1>the learning curve like? And how long did it take

0:26:27.920 --> 0:26:31.160
<v Speaker 1>you from going to someone who's like, okay, just sort

0:26:31.160 --> 0:26:34.920
<v Speaker 1>of understanding the rules to feeling like you had a

0:26:35.000 --> 0:26:37.719
<v Speaker 1>good chance at making money when you sat down at

0:26:37.720 --> 0:26:40.399
<v Speaker 1>the poker table. What was that process like, Um, I

0:26:40.440 --> 0:26:42.639
<v Speaker 1>still don't think I have a good chance of making

0:26:42.680 --> 0:26:45.320
<v Speaker 1>funny when it sent out at the poker table. I

0:26:45.359 --> 0:26:49.920
<v Speaker 1>think that impostor complex has has never entirely gone away. UM,

0:26:50.000 --> 0:26:52.760
<v Speaker 1>but it was a very it was it took a

0:26:52.800 --> 0:26:57.240
<v Speaker 1>long time. So the way that I started learning UM

0:26:57.280 --> 0:26:59.720
<v Speaker 1>at first, I played online UM, even though I always

0:26:59.800 --> 0:27:02.800
<v Speaker 1>knew that my goal was to play live my edges live. UM.

0:27:02.840 --> 0:27:05.360
<v Speaker 1>I'm a psychologist. I'm not a mathematician. The last time

0:27:05.359 --> 0:27:07.320
<v Speaker 1>I took a math class was in high school. My

0:27:07.440 --> 0:27:12.040
<v Speaker 1>edges people UM and online. Sure some of that matters,

0:27:12.080 --> 0:27:14.920
<v Speaker 1>but most of it is mathematics, So I'm not someone

0:27:14.960 --> 0:27:18.439
<v Speaker 1>who was ever going to train there. But online you

0:27:18.480 --> 0:27:20.880
<v Speaker 1>can get a lot more experience, and you can get

0:27:20.920 --> 0:27:23.359
<v Speaker 1>live because the hands are much faster. So in a

0:27:23.359 --> 0:27:26.000
<v Speaker 1>week of playing online you can get six months worth

0:27:26.440 --> 0:27:30.080
<v Speaker 1>of live playing experience. So so that's very important. So

0:27:30.080 --> 0:27:34.440
<v Speaker 1>I started there UM and until I started consistently making

0:27:34.440 --> 0:27:37.119
<v Speaker 1>money online, Eric did not let me play live. He

0:27:37.320 --> 0:27:41.119
<v Speaker 1>was very big about building your bank roll organically and

0:27:41.200 --> 0:27:45.199
<v Speaker 1>making sure that you were very savvy financially with your decisions.

0:27:45.520 --> 0:27:49.760
<v Speaker 1>What stakes when you the first tables that you said, So,

0:27:49.840 --> 0:27:52.280
<v Speaker 1>I always played tournaments. I did not play cash games,

0:27:52.520 --> 0:27:55.440
<v Speaker 1>so these were like five dollar buying tournaments. I made

0:27:55.440 --> 0:27:58.520
<v Speaker 1>the decision at the beginning because it's a very if,

0:27:58.800 --> 0:28:02.280
<v Speaker 1>it's a very different style of play, and um, we

0:28:02.480 --> 0:28:04.640
<v Speaker 1>had to decide what was I going to do? And

0:28:04.720 --> 0:28:07.960
<v Speaker 1>as if you're talking about life analogy, tournaments are definitely

0:28:08.080 --> 0:28:10.720
<v Speaker 1>the way the way to go because they have a dynamic.

0:28:10.760 --> 0:28:12.640
<v Speaker 1>There's a beginning, there's a middle, there's an end. It's

0:28:12.720 --> 0:28:15.600
<v Speaker 1>much more of a progressive story as opposed to a

0:28:15.640 --> 0:28:18.400
<v Speaker 1>cash game, which is much more static. So we decided

0:28:18.440 --> 0:28:21.560
<v Speaker 1>I was going to focus exclusively on tournaments. So I

0:28:21.600 --> 0:28:24.119
<v Speaker 1>was playing, you know, five dollar tournaments online. Once I

0:28:24.160 --> 0:28:26.560
<v Speaker 1>started winning some of those, and I want to think

0:28:26.560 --> 0:28:28.679
<v Speaker 1>a little over two thousand dollars, and I took that

0:28:28.680 --> 0:28:31.760
<v Speaker 1>money and went to Vegas and started playing in the

0:28:31.800 --> 0:28:35.280
<v Speaker 1>dailies and nightlies. Um, you know, the thirty five dollar

0:28:35.400 --> 0:28:38.000
<v Speaker 1>buying tournaments, because that's as low as you can go

0:28:38.120 --> 0:28:40.920
<v Speaker 1>for live poker. And I really wanted to play in

0:28:40.920 --> 0:28:43.360
<v Speaker 1>these hundred dollar tournaments, and Erica wouldn't let me. He said,

0:28:43.360 --> 0:28:45.080
<v Speaker 1>that's way too high for you. You You can't do it

0:28:45.160 --> 0:28:47.960
<v Speaker 1>until you start winning at the lower ones. And I

0:28:48.000 --> 0:28:51.440
<v Speaker 1>spent multiple months in Vegas playing every single day, multiple

0:28:51.480 --> 0:28:55.320
<v Speaker 1>tournaments a day, and I was losing money for for

0:28:55.360 --> 0:28:58.800
<v Speaker 1>a while, and I became very frustrated because I thought,

0:28:58.920 --> 0:29:01.720
<v Speaker 1>you know, I'm i'm studying, I'm working really hard, um,

0:29:01.800 --> 0:29:06.280
<v Speaker 1>and nothing's working. And then it started working. Everything just

0:29:06.400 --> 0:29:09.600
<v Speaker 1>kind of came together and I won my first tournament

0:29:09.600 --> 0:29:11.760
<v Speaker 1>at Planet Hollywood. It was you know, forty five or

0:29:11.800 --> 0:29:14.880
<v Speaker 1>something dollar buy and and I won over over nine

0:29:14.960 --> 0:29:17.920
<v Speaker 1>hundred dollars and I was just over the over the moon.

0:29:18.120 --> 0:29:20.440
<v Speaker 1>It was amazing. And then I started being able to

0:29:20.440 --> 0:29:23.120
<v Speaker 1>play the hundred dollar tournaments and I started final tabling

0:29:23.160 --> 0:29:26.400
<v Speaker 1>those and coming in second place and doing doing well there.

0:29:26.480 --> 0:29:29.040
<v Speaker 1>And then I was able to move up gradually too,

0:29:29.120 --> 0:29:31.520
<v Speaker 1>higher and higher stakes. And I think that that original

0:29:31.560 --> 0:29:35.200
<v Speaker 1>win up Planet Hollywood made me realize, okay, um, I

0:29:35.240 --> 0:29:39.640
<v Speaker 1>can do this. UM. I really needed that burst of confidence,

0:29:39.760 --> 0:29:43.440
<v Speaker 1>because after two months of playing almost every day and

0:29:43.520 --> 0:29:49.080
<v Speaker 1>not making any money, UM, it can be very frustrating.

0:29:49.240 --> 0:29:51.800
<v Speaker 1>And eventually it can be enough to say, you know,

0:29:51.840 --> 0:29:54.600
<v Speaker 1>maybe I'm just really really bad at this. But what

0:29:54.720 --> 0:29:57.680
<v Speaker 1>it shows you is that Sue or at the beginning,

0:29:57.720 --> 0:29:59.640
<v Speaker 1>I was very very bad. But it also takes a

0:29:59.680 --> 0:30:02.600
<v Speaker 1>while for everything to come together. Being bad. It doesn't

0:30:02.600 --> 0:30:04.880
<v Speaker 1>mean you're not learning, it doesn't mean you're not improving,

0:30:05.200 --> 0:30:08.080
<v Speaker 1>and you can't judge based on outcome. You have to

0:30:08.160 --> 0:30:11.760
<v Speaker 1>just keep on, keep on plugging away at the process.

0:30:11.840 --> 0:30:14.239
<v Speaker 1>And then I know, after after that first when I

0:30:14.280 --> 0:30:16.880
<v Speaker 1>didn't look back because I was able to kind of

0:30:16.920 --> 0:30:22.200
<v Speaker 1>finance my way through UM and then my big breakthrough

0:30:22.400 --> 0:30:25.720
<v Speaker 1>at pc A, The Poker Stars carribean adventure UM when

0:30:25.720 --> 0:30:29.200
<v Speaker 1>I made UM in you know, in one week, I

0:30:29.200 --> 0:30:32.520
<v Speaker 1>made over a hundred thousand dollars UM. That happened almost

0:30:32.560 --> 0:30:34.240
<v Speaker 1>a year to the day from the first time I

0:30:34.280 --> 0:30:38.080
<v Speaker 1>played a live poker tournament. So I have two questions

0:30:38.080 --> 0:30:40.080
<v Speaker 1>based on that. But the first one is Joe and

0:30:40.120 --> 0:30:43.160
<v Speaker 1>I started this podcast by discussing the sort of pros

0:30:43.200 --> 0:30:47.720
<v Speaker 1>and cons of doing online poker versus live games. What

0:30:47.800 --> 0:30:51.120
<v Speaker 1>was your experience of that and how was the process different?

0:30:51.640 --> 0:30:53.760
<v Speaker 1>And then secondly, when you were doing the live games,

0:30:53.880 --> 0:30:57.480
<v Speaker 1>what did you tell people about who you are? You know,

0:30:57.560 --> 0:30:59.560
<v Speaker 1>did anyone ask you what you were doing there? And

0:30:59.680 --> 0:31:02.280
<v Speaker 1>you sort of appeared out of nowhere and and started

0:31:02.320 --> 0:31:04.480
<v Speaker 1>to do very well. So I'm just wondering if people

0:31:04.480 --> 0:31:09.880
<v Speaker 1>were curious about about you. Yeah, So, so the first

0:31:09.880 --> 0:31:13.840
<v Speaker 1>part online and live is very different. I vastly prefer

0:31:14.040 --> 0:31:17.160
<v Speaker 1>live poker, um, both because I'm better at it, but

0:31:17.200 --> 0:31:20.360
<v Speaker 1>also I find it more interesting, there's more going on. Um.

0:31:20.400 --> 0:31:22.360
<v Speaker 1>This isn't true of all people. A lot of people

0:31:22.800 --> 0:31:26.080
<v Speaker 1>prefer playing online um, and they're different both in terms

0:31:26.080 --> 0:31:28.920
<v Speaker 1>of speed and in terms of the player pools. Although

0:31:29.000 --> 0:31:32.120
<v Speaker 1>right now things have gone a little bit murky because

0:31:32.160 --> 0:31:34.680
<v Speaker 1>a lot of live players have moved online because with

0:31:34.760 --> 0:31:37.640
<v Speaker 1>COVID you can't play live UM, so so now the

0:31:37.680 --> 0:31:40.080
<v Speaker 1>player pools have become a little bit mixed. But before

0:31:40.120 --> 0:31:42.800
<v Speaker 1>there were very different player tendencies, and you learned to

0:31:42.840 --> 0:31:45.960
<v Speaker 1>play a little bit differently online than live, and online

0:31:46.000 --> 0:31:49.080
<v Speaker 1>was actually tougher. The good online games were much harder

0:31:49.120 --> 0:31:53.280
<v Speaker 1>than the live games because people were more mathematically minded. Um.

0:31:53.320 --> 0:31:57.000
<v Speaker 1>The best players use software to analyze everything they have overlays,

0:31:57.440 --> 0:32:00.480
<v Speaker 1>You're you're just seeing a table, They're seeing your sticks.

0:32:00.520 --> 0:32:03.920
<v Speaker 1>They're seeing exactly what percentage Japan's you open pre flop,

0:32:03.960 --> 0:32:05.760
<v Speaker 1>how often you three bet, how often you fold to

0:32:05.800 --> 0:32:08.280
<v Speaker 1>a three bed, how often you forebet. All of those

0:32:08.360 --> 0:32:11.160
<v Speaker 1>numbers are there because they have that software crunching in

0:32:11.200 --> 0:32:13.520
<v Speaker 1>the background. If you want to play seriously, online you

0:32:13.560 --> 0:32:16.200
<v Speaker 1>have to have it UM, even though some sites no

0:32:16.240 --> 0:32:19.360
<v Speaker 1>longer allow it, but all of the sites that do UM,

0:32:19.440 --> 0:32:22.080
<v Speaker 1>you're at this huge disadvantage if you don't use that.

0:32:22.360 --> 0:32:24.520
<v Speaker 1>None of that exists live. You have to just learn

0:32:24.560 --> 0:32:26.320
<v Speaker 1>to do that on your own. You have to learn

0:32:26.320 --> 0:32:28.720
<v Speaker 1>to pay attention to it. So in that sense, live

0:32:28.840 --> 0:32:31.880
<v Speaker 1>is harder UM. But I like it a lot better

0:32:31.960 --> 0:32:35.040
<v Speaker 1>because I actually think that those muscles are very important

0:32:35.120 --> 0:32:38.400
<v Speaker 1>too to train, and I think because I play live,

0:32:38.920 --> 0:32:41.280
<v Speaker 1>I actually have a bit of an advantage on the

0:32:41.360 --> 0:32:46.520
<v Speaker 1>sites that don't allow the HUDs, those that those software overlays,

0:32:46.920 --> 0:32:50.280
<v Speaker 1>because I'm used to paying attention to players and I'm

0:32:50.360 --> 0:32:52.720
<v Speaker 1>used to kind of counting for myself. Okay, how often

0:32:52.720 --> 0:32:54.840
<v Speaker 1>does this person raise? How often do they three bet?

0:32:54.840 --> 0:32:57.000
<v Speaker 1>How often do they fold to afford bit? You know,

0:32:57.320 --> 0:33:00.200
<v Speaker 1>I'm used to tracking that in my mind, whereas players

0:33:00.240 --> 0:33:02.600
<v Speaker 1>who have software that does it for them are not

0:33:02.640 --> 0:33:05.760
<v Speaker 1>necessarily used to it. So that's but that's a big difference.

0:33:06.080 --> 0:33:10.080
<v Speaker 1>So online much more mathematical, Live much more psychological, a

0:33:10.120 --> 0:33:13.880
<v Speaker 1>lot more software number crunching online UM, a lot more

0:33:13.880 --> 0:33:18.800
<v Speaker 1>people crunching live UM. In terms of whether people asked

0:33:18.800 --> 0:33:21.920
<v Speaker 1>me questions at the beginning, I think they just when

0:33:21.920 --> 0:33:24.880
<v Speaker 1>I was playing in most days tournaments, no one really

0:33:25.160 --> 0:33:29.480
<v Speaker 1>gave me a second look, um, because otherwise other than saying, oh,

0:33:29.520 --> 0:33:32.360
<v Speaker 1>there's a girl in the game, well that's weird. Um.

0:33:32.400 --> 0:33:36.040
<v Speaker 1>But over time, yeah, absolutely, and people started figuring out

0:33:36.760 --> 0:33:38.720
<v Speaker 1>what I was doing. I never volunteered it, but I

0:33:38.760 --> 0:33:41.320
<v Speaker 1>never lied about it if someone asked, UM. And I

0:33:41.360 --> 0:33:44.560
<v Speaker 1>think that it stood out because when I was traveling,

0:33:44.920 --> 0:33:47.560
<v Speaker 1>I would be sitting, you know, in these smaller tournaments,

0:33:47.560 --> 0:33:50.120
<v Speaker 1>and then all of these high roller players, not just

0:33:50.200 --> 0:33:51.959
<v Speaker 1>Derek but all his friends would come over and say

0:33:52.040 --> 0:33:53.840
<v Speaker 1>hi to me and give me a hug, because those

0:33:53.880 --> 0:33:55.560
<v Speaker 1>were the people I knew. Those were my friends in

0:33:55.600 --> 0:33:58.120
<v Speaker 1>the game. And so people started realizing, wait, who is

0:33:58.160 --> 0:34:00.840
<v Speaker 1>this girl who knows all of these people both um.

0:34:00.880 --> 0:34:03.800
<v Speaker 1>And then the poker media picked up on it, um

0:34:03.800 --> 0:34:05.480
<v Speaker 1>and did a few stories about me, and then I

0:34:05.600 --> 0:34:22.479
<v Speaker 1>lost a little bit of my anonymity. M I wanted

0:34:22.480 --> 0:34:25.320
<v Speaker 1>to ask another question about the only reason we talked

0:34:25.360 --> 0:34:29.920
<v Speaker 1>sometimes about poker on this podcast, which is nominally about

0:34:30.280 --> 0:34:32.640
<v Speaker 1>markets and economics, is there are a lot of people

0:34:33.200 --> 0:34:36.400
<v Speaker 1>in the investing world who play poker and are interested

0:34:36.400 --> 0:34:39.440
<v Speaker 1>in then and there's obviously a lot of theoretical cross

0:34:39.440 --> 0:34:44.480
<v Speaker 1>over right now in investing. We've seen just in the

0:34:44.520 --> 0:34:47.400
<v Speaker 1>last several months, but for a while, this absolute explosion

0:34:48.280 --> 0:34:53.040
<v Speaker 1>of online trading and retail money coming into trading like

0:34:53.120 --> 0:34:56.040
<v Speaker 1>we've never seen before. And if I wanted to do

0:34:56.120 --> 0:34:59.880
<v Speaker 1>some sort of like you know, forced torture analogy, maybe

0:34:59.880 --> 0:35:03.319
<v Speaker 1>a sort of like the Chris Moneymaker phenomenon where after

0:35:03.320 --> 0:35:05.680
<v Speaker 1>everyone saw him when the World Series of Poker without

0:35:05.680 --> 0:35:07.759
<v Speaker 1>a bunch of people got into playing online poker. But

0:35:07.880 --> 0:35:12.000
<v Speaker 1>for whatever reason, lots of people are entering the investing

0:35:12.000 --> 0:35:15.719
<v Speaker 1>world trading like crazy online. And I'm curious, um, you

0:35:15.760 --> 0:35:19.120
<v Speaker 1>know how that's changed the game even in person? You know,

0:35:19.160 --> 0:35:22.520
<v Speaker 1>when you're at a live table against people who have

0:35:22.560 --> 0:35:26.600
<v Speaker 1>like had their experience, um playing mostly online, have seen

0:35:27.120 --> 0:35:30.600
<v Speaker 1>more hands online because they're multi tabling it perhaps than

0:35:30.760 --> 0:35:33.480
<v Speaker 1>someone like even like Eric Sidell has seen in the

0:35:33.600 --> 0:35:36.600
<v Speaker 1>thirty year career, just because they could play so many

0:35:36.640 --> 0:35:41.120
<v Speaker 1>hands so so much. How has that fundamentally changed the

0:35:41.160 --> 0:35:44.000
<v Speaker 1>game from your perspective that so many people have seen

0:35:44.360 --> 0:35:48.279
<v Speaker 1>so much, uh, in a way that historically never been

0:35:48.280 --> 0:35:52.239
<v Speaker 1>the case before. Well, it's actually changed it live much

0:35:52.320 --> 0:35:55.160
<v Speaker 1>less than you would think, because, um, a lot of

0:35:55.200 --> 0:35:58.239
<v Speaker 1>the online players when they actually make the transitions to live,

0:35:58.320 --> 0:36:02.240
<v Speaker 1>are horrible. Uh. They you don't understand live poker. They

0:36:02.280 --> 0:36:05.840
<v Speaker 1>give off way too much information. And when you're multi tabling,

0:36:05.880 --> 0:36:09.400
<v Speaker 1>you don't You're not You're good at the mathematical, tiny edges,

0:36:09.480 --> 0:36:11.880
<v Speaker 1>you're not good at the very big spots because you

0:36:11.880 --> 0:36:13.880
<v Speaker 1>don't have to be. That's not how you play. You

0:36:13.920 --> 0:36:16.719
<v Speaker 1>play for volume and for making a tiny bit of money. Um,

0:36:16.800 --> 0:36:19.160
<v Speaker 1>multi tabling is not the way to get good at

0:36:19.200 --> 0:36:21.480
<v Speaker 1>live poker. But it's a wonderful They would kick my

0:36:21.520 --> 0:36:24.319
<v Speaker 1>ass on online, don't get me wrong, But a lot

0:36:24.320 --> 0:36:26.560
<v Speaker 1>of times I love playing with them live because they

0:36:26.600 --> 0:36:28.680
<v Speaker 1>don't know what they're doing. Um, and they give off

0:36:28.719 --> 0:36:33.360
<v Speaker 1>way too much information. Um. However, a lot of the

0:36:33.440 --> 0:36:36.560
<v Speaker 1>really best players these days who have come up both

0:36:36.640 --> 0:36:41.120
<v Speaker 1>online and live, have made the game more challenging, or

0:36:41.200 --> 0:36:43.680
<v Speaker 1>so I've been told. So a lot of people say, WHOA,

0:36:43.760 --> 0:36:46.000
<v Speaker 1>you know you came in at such a horrible time

0:36:46.080 --> 0:36:49.759
<v Speaker 1>when you know poker is dying because it's getting so complex.

0:36:49.840 --> 0:36:51.960
<v Speaker 1>I have no idea. It's all I've ever seen, it's

0:36:51.960 --> 0:36:54.240
<v Speaker 1>all I know. I don't know what it was like before.

0:36:54.680 --> 0:36:58.279
<v Speaker 1>I've been told it's tougher now, um, But I think

0:36:58.320 --> 0:37:01.200
<v Speaker 1>that they bring a much more mathemat radical mindset. They're

0:37:01.280 --> 0:37:05.920
<v Speaker 1>using solvers programs that actually run you know, thousands of

0:37:05.920 --> 0:37:08.799
<v Speaker 1>Monte Carlo simulations and try to figure out what's the

0:37:08.800 --> 0:37:12.799
<v Speaker 1>approximate way to play this hand, um, And so they're

0:37:12.840 --> 0:37:16.120
<v Speaker 1>thinking about it in a much more precise way. Um.

0:37:16.200 --> 0:37:18.440
<v Speaker 1>That said, I actually think that it can give a

0:37:18.480 --> 0:37:22.840
<v Speaker 1>false sense of confidence, because it's really important to remember

0:37:22.920 --> 0:37:25.879
<v Speaker 1>that poker has not been solved, that these solvers are

0:37:25.920 --> 0:37:28.839
<v Speaker 1>only approximations, and they're only as good as with any

0:37:28.840 --> 0:37:31.520
<v Speaker 1>algorithms as the inputs that you put in, and a

0:37:31.520 --> 0:37:33.799
<v Speaker 1>lot of people missed use solvers. They don't know how

0:37:33.800 --> 0:37:35.960
<v Speaker 1>to put it in ranges correctly, they don't know how

0:37:35.960 --> 0:37:38.319
<v Speaker 1>to put in the build the game trees correctly, and

0:37:38.640 --> 0:37:42.000
<v Speaker 1>garbage and garbage out. As with every single algorithm, and

0:37:42.040 --> 0:37:44.239
<v Speaker 1>even the players who do use them correctly, who know

0:37:44.320 --> 0:37:46.239
<v Speaker 1>exactly what they're doing, and who are the best in

0:37:46.280 --> 0:37:49.960
<v Speaker 1>the world at them, a lot of times they won't see,

0:37:50.120 --> 0:37:54.160
<v Speaker 1>they won't think creatively, they won't actually see um, some

0:37:54.280 --> 0:37:56.759
<v Speaker 1>of the nuances that are happening live because they're so

0:37:56.880 --> 0:37:59.839
<v Speaker 1>locked into their solutions and they know exactly what they're

0:38:00.040 --> 0:38:02.839
<v Speaker 1>post to do, and you can really exploit that. So

0:38:02.880 --> 0:38:05.880
<v Speaker 1>some of sometimes the mathematical guys are the easiest players

0:38:05.920 --> 0:38:10.640
<v Speaker 1>to play against. Usually they're gonna they're gonna really excel um,

0:38:10.680 --> 0:38:13.239
<v Speaker 1>But there are moments where you can just completely take

0:38:13.280 --> 0:38:16.160
<v Speaker 1>advantage of them, and I have. I've actually won against

0:38:16.200 --> 0:38:18.720
<v Speaker 1>some of the absolute best players in the world by

0:38:18.920 --> 0:38:21.680
<v Speaker 1>knowing exactly how they were thinking about things because I

0:38:21.719 --> 0:38:24.040
<v Speaker 1>also use solvers. You have to if you're playing at

0:38:24.040 --> 0:38:26.600
<v Speaker 1>a high level. Um, But I use them as a

0:38:26.600 --> 0:38:29.319
<v Speaker 1>way to enhance my thinking, not as a way of

0:38:29.360 --> 0:38:33.440
<v Speaker 1>saying of gaining certainty. There's really there's I think a

0:38:33.480 --> 0:38:36.880
<v Speaker 1>big risk, not just in poker, but in financing everything,

0:38:37.200 --> 0:38:40.239
<v Speaker 1>in thinking that algorithms and big data and all of

0:38:40.280 --> 0:38:42.360
<v Speaker 1>this stuff that it's going to give you certainty that

0:38:42.440 --> 0:38:44.840
<v Speaker 1>you don't actually have. And I think that there's a

0:38:44.840 --> 0:38:47.560
<v Speaker 1>big risk of over confidence there and of failing to

0:38:47.600 --> 0:38:50.920
<v Speaker 1>pay attention to other things because you think you've got it.

0:38:50.960 --> 0:38:54.200
<v Speaker 1>I'll figured out I'm going to make an assumption in

0:38:54.239 --> 0:38:57.080
<v Speaker 1>this next question, and do tell me if it's incorrect.

0:38:57.160 --> 0:38:59.720
<v Speaker 1>But when we started the discussion and you were describing

0:38:59.719 --> 0:39:03.279
<v Speaker 1>your project, you you sort of said or you suggested

0:39:03.360 --> 0:39:06.640
<v Speaker 1>that poker was you know, your interest in it was

0:39:06.880 --> 0:39:09.920
<v Speaker 1>came from intellectual curiosity and you saw as this mix

0:39:09.920 --> 0:39:14.400
<v Speaker 1>of skill and luck that best reflected life. It sounds

0:39:14.480 --> 0:39:17.000
<v Speaker 1>like as you embarked on this project that you came

0:39:17.040 --> 0:39:21.880
<v Speaker 1>to really enjoy your poker experience. I'm just wondering, when

0:39:22.000 --> 0:39:25.640
<v Speaker 1>you know, if that happened, what made it happen? Like,

0:39:25.920 --> 0:39:28.480
<v Speaker 1>what was that moment when you when you thought, actually

0:39:28.560 --> 0:39:32.919
<v Speaker 1>I really like this and I'm having fun. It definitely happened. Um,

0:39:32.960 --> 0:39:35.400
<v Speaker 1>there wasn't one moment um. I think it was a

0:39:35.440 --> 0:39:39.840
<v Speaker 1>realization over time. And I think that the reason that

0:39:39.960 --> 0:39:42.400
<v Speaker 1>I love poker is because of what it's teaching me

0:39:42.480 --> 0:39:46.239
<v Speaker 1>about non poker is because of how complex the game is.

0:39:46.600 --> 0:39:49.160
<v Speaker 1>It's because the more I learned about it, the more

0:39:49.160 --> 0:39:52.600
<v Speaker 1>difficult it becomes. And I feel like it's teaching me

0:39:52.640 --> 0:39:55.560
<v Speaker 1>to stretch my mind, to think in new ways, to

0:39:55.760 --> 0:39:59.760
<v Speaker 1>challenge myself on both an intellectual and an emotional human

0:39:59.840 --> 0:40:03.840
<v Speaker 1>love ball And until COVID, you know, I was playing

0:40:03.920 --> 0:40:07.839
<v Speaker 1>live regularly. I was still traveling all over the world. Um.

0:40:07.840 --> 0:40:10.000
<v Speaker 1>In fact, you know I had to cancel plans for

0:40:10.120 --> 0:40:14.360
<v Speaker 1>my what was going to be my UM next big tournament.

0:40:14.480 --> 0:40:17.360
<v Speaker 1>Um it became one of the last live poker tournaments

0:40:17.360 --> 0:40:19.880
<v Speaker 1>to be held in this country. UM. So I was

0:40:19.960 --> 0:40:22.640
<v Speaker 1>on my way there and ended up going back because

0:40:22.760 --> 0:40:25.440
<v Speaker 1>of what was happening, and I realized that this was

0:40:25.480 --> 0:40:27.400
<v Speaker 1>not good and that the casino was not where I

0:40:27.400 --> 0:40:31.399
<v Speaker 1>should be. Um And But until that moment, I had

0:40:31.480 --> 0:40:34.760
<v Speaker 1>no intention of quoting, end of pulling back from playing

0:40:35.320 --> 0:40:39.600
<v Speaker 1>seriously live because it was still giving me so much.

0:40:39.760 --> 0:40:42.280
<v Speaker 1>And I was still learning so much about thinking about

0:40:42.320 --> 0:40:46.279
<v Speaker 1>decision making, about emotional regulation, about people, about all of

0:40:46.320 --> 0:40:49.359
<v Speaker 1>these different elements, and that, to me is beautiful. There

0:40:49.360 --> 0:40:51.960
<v Speaker 1>are so few things that will give you that kind

0:40:52.000 --> 0:40:54.880
<v Speaker 1>of richness of experience. And now my PhD not just

0:40:54.920 --> 0:40:58.319
<v Speaker 1>in psychology, but I studied for years decision making under

0:40:58.440 --> 0:41:02.680
<v Speaker 1>risk and uncertainty and under hot emotional conditions. I made

0:41:02.719 --> 0:41:04.840
<v Speaker 1>people play stock market games. I looked at all of

0:41:04.880 --> 0:41:08.480
<v Speaker 1>their decisions, and I spent so long studying all of

0:41:08.480 --> 0:41:11.160
<v Speaker 1>this stuff, and nothing has taught me more about it

0:41:11.200 --> 0:41:13.719
<v Speaker 1>than poker basically stopped me. It's not me much more

0:41:13.760 --> 0:41:17.239
<v Speaker 1>than my PhD. Actually, I want to ask you about that.

0:41:17.400 --> 0:41:21.800
<v Speaker 1>The the emotional valance part because you can learn about

0:41:21.920 --> 0:41:25.160
<v Speaker 1>you know, get really good at uh, pattern recognition, you

0:41:25.200 --> 0:41:28.360
<v Speaker 1>can get really good at math. You can get to

0:41:28.400 --> 0:41:31.120
<v Speaker 1>know yourself and your bluffing strategy and what you feel

0:41:31.239 --> 0:41:34.160
<v Speaker 1>comfortable with what. At some point, you get to a

0:41:34.160 --> 0:41:36.560
<v Speaker 1>position where you're in a tournament or maybe you're sort

0:41:36.560 --> 0:41:38.560
<v Speaker 1>of on the bubble with a chance to make money,

0:41:38.840 --> 0:41:42.040
<v Speaker 1>and you're in a huge pot and the stakes are

0:41:42.040 --> 0:41:45.799
<v Speaker 1>really high, and uh, you know, people's heart start to

0:41:45.960 --> 0:41:49.960
<v Speaker 1>beat faster. How do you do you have a process

0:41:50.040 --> 0:41:54.680
<v Speaker 1>for sticking to your method of analysis and not letting

0:41:54.680 --> 0:41:58.440
<v Speaker 1>the emotions of those moments dictate what you ultimately decide

0:41:58.480 --> 0:42:00.799
<v Speaker 1>to do. Yeah. Absolutely in I mean part of it

0:42:00.880 --> 0:42:02.799
<v Speaker 1>is experience. At the beginning, I would give off a

0:42:02.800 --> 0:42:05.200
<v Speaker 1>lot of information just because these situations were new to

0:42:05.239 --> 0:42:07.160
<v Speaker 1>me and it was really difficult for me to to

0:42:07.239 --> 0:42:09.839
<v Speaker 1>deal with the emotions and I hadn't thought through them,

0:42:09.920 --> 0:42:12.000
<v Speaker 1>you know. Part way through my journey, I actually got

0:42:12.000 --> 0:42:14.480
<v Speaker 1>a mental coach, so someone who helped me with the

0:42:14.520 --> 0:42:17.400
<v Speaker 1>mental elements of the game, someone named Jared Tendler, who

0:42:17.480 --> 0:42:20.880
<v Speaker 1>was very very good, um at teaching me to to

0:42:21.320 --> 0:42:24.920
<v Speaker 1>have some of these you know, mental cooling and emotional

0:42:24.960 --> 0:42:27.920
<v Speaker 1>cooling strategies because you do need someone to look at

0:42:27.920 --> 0:42:30.560
<v Speaker 1>you from the outside. Even though I'm someone who studied

0:42:30.760 --> 0:42:34.719
<v Speaker 1>self control and who really knows all of these strategies theoretically,

0:42:35.000 --> 0:42:37.360
<v Speaker 1>practically speaking, it's much more difficult to apply them to

0:42:37.400 --> 0:42:40.440
<v Speaker 1>yourself because you when you're on tilt that's the poker

0:42:40.560 --> 0:42:43.919
<v Speaker 1>term for letting emotions into your decision process, it's really

0:42:43.920 --> 0:42:47.239
<v Speaker 1>really hard to identify and analyze it in yourself. It's

0:42:47.320 --> 0:42:49.839
<v Speaker 1>much easier to see it in someone else. We're not

0:42:49.880 --> 0:42:53.640
<v Speaker 1>objective about ourselves, especially when we get into emotional situations.

0:42:53.920 --> 0:42:55.719
<v Speaker 1>And so a lot of the work happened away from

0:42:55.760 --> 0:42:59.000
<v Speaker 1>the poker to table. A lot of it involved going

0:42:59.040 --> 0:43:02.759
<v Speaker 1>through games, going through hands, going through tournaments. I would

0:43:02.760 --> 0:43:04.520
<v Speaker 1>take lots and lots of notes and try to figure

0:43:04.560 --> 0:43:07.879
<v Speaker 1>out after the fact, Okay, what situations got me off

0:43:07.920 --> 0:43:11.240
<v Speaker 1>my game, what things tilted me, what types of things

0:43:11.280 --> 0:43:15.000
<v Speaker 1>made me emotional? Okay, now now I'm going to actually

0:43:15.080 --> 0:43:17.799
<v Speaker 1>physically write all of those things down. Jared made me

0:43:17.840 --> 0:43:21.440
<v Speaker 1>make spreadsheets um where I would then say, Okay, what's

0:43:21.480 --> 0:43:24.160
<v Speaker 1>the emotion I was experiencing and what am I going

0:43:24.239 --> 0:43:26.080
<v Speaker 1>to do? What are the things I'm going to say

0:43:26.080 --> 0:43:30.399
<v Speaker 1>to myself in the moment to to counteract that, how

0:43:30.400 --> 0:43:33.120
<v Speaker 1>am I going to avoid this happening next time? You

0:43:33.239 --> 0:43:35.759
<v Speaker 1>have to do that work ahead of time, because once

0:43:35.800 --> 0:43:38.520
<v Speaker 1>you're already on tilt, it's too late. So if you

0:43:38.640 --> 0:43:42.400
<v Speaker 1>don't do that hard work in advance, UM, it's not

0:43:42.480 --> 0:43:44.960
<v Speaker 1>going to happen, and you're going to end up letting

0:43:44.960 --> 0:43:47.920
<v Speaker 1>emotions into your decision process, which is not good. If

0:43:47.920 --> 0:43:51.720
<v Speaker 1>they're incidental emotions. You know, sometimes the emotions are correct, um,

0:43:51.760 --> 0:43:55.239
<v Speaker 1>and they're actually integral to the decision, But of the time,

0:43:55.320 --> 0:43:57.920
<v Speaker 1>or even of the time, that's not the case. So

0:43:57.960 --> 0:44:00.759
<v Speaker 1>you need to learn to identify them and dismiss them.

0:44:00.800 --> 0:44:04.520
<v Speaker 1>And you need to learn techniques of cooling your hot

0:44:04.560 --> 0:44:07.480
<v Speaker 1>emotional states and figuring out how do I get back

0:44:07.520 --> 0:44:10.600
<v Speaker 1>to a rational place. And the only way to do

0:44:10.640 --> 0:44:13.359
<v Speaker 1>that is if you know and advance what your triggers are,

0:44:13.640 --> 0:44:16.120
<v Speaker 1>if you know and advance how you're likely to react,

0:44:16.239 --> 0:44:21.719
<v Speaker 1>because then you can be proactive as opposed to emotionally reactive. UM.

0:44:21.760 --> 0:44:24.400
<v Speaker 1>I want to go back to um, the point you

0:44:24.480 --> 0:44:27.880
<v Speaker 1>were making about women, how women are treated in the

0:44:27.960 --> 0:44:30.440
<v Speaker 1>game versus men, because I feel like whenever Joe and

0:44:30.440 --> 0:44:33.520
<v Speaker 1>I do a poker episode, it sort of sounds like

0:44:33.560 --> 0:44:36.719
<v Speaker 1>a massive cliche because Joe clearly enjoys the game and

0:44:36.840 --> 0:44:39.839
<v Speaker 1>plays it a reasonable amount, and I don't really see

0:44:39.880 --> 0:44:41.799
<v Speaker 1>what the big deal is. And although I play it

0:44:41.840 --> 0:44:44.160
<v Speaker 1>when I'm forced to and talk about it when I'm

0:44:44.160 --> 0:44:47.640
<v Speaker 1>forced to, Joe, UM, I don't find it that compelling.

0:44:48.120 --> 0:44:51.160
<v Speaker 1>Why do you think women aren't as attracted to poker

0:44:51.360 --> 0:44:55.279
<v Speaker 1>as men? And what can be done to change that

0:44:55.360 --> 0:44:58.799
<v Speaker 1>and maybe interest women a bit more in the game. Yeah,

0:44:58.840 --> 0:45:01.560
<v Speaker 1>I don't think there's anything inherent. I think that actually

0:45:02.000 --> 0:45:04.640
<v Speaker 1>women are incredible poker players. Some of the best poker

0:45:04.680 --> 0:45:07.839
<v Speaker 1>players in the world, and the most impressive people are female. UM.

0:45:07.880 --> 0:45:10.440
<v Speaker 1>And there are people who have succeeded in all sorts

0:45:10.440 --> 0:45:12.560
<v Speaker 1>of other areas of life. And you have someone like

0:45:12.640 --> 0:45:15.440
<v Speaker 1>Vanessa Selps who went to Yale undergrad yea law school,

0:45:15.920 --> 0:45:18.839
<v Speaker 1>brilliant lawyer. UM worked at some of the best touch

0:45:18.880 --> 0:45:23.160
<v Speaker 1>funds in the world, professional poker player, Livebury astrophysicist, professional

0:45:23.160 --> 0:45:26.000
<v Speaker 1>poker player. You know, you have you have these very

0:45:26.120 --> 0:45:31.600
<v Speaker 1>very very impressive females. And I think that historically it's

0:45:31.600 --> 0:45:34.120
<v Speaker 1>been a male game, and so the culture is not

0:45:34.200 --> 0:45:37.520
<v Speaker 1>necessarily welcoming to women, and women don't realize I think

0:45:37.520 --> 0:45:40.400
<v Speaker 1>a lot of the times what poker is. They just

0:45:40.440 --> 0:45:42.600
<v Speaker 1>see it as this gambling thing. And one of the

0:45:42.640 --> 0:45:44.160
<v Speaker 1>things I've tried to stress in my book, and I

0:45:44.200 --> 0:45:46.799
<v Speaker 1>hope my book actually brings more women to the game, um,

0:45:46.920 --> 0:45:49.640
<v Speaker 1>is that poker is not gambling. It's actually different from

0:45:49.640 --> 0:45:52.319
<v Speaker 1>every single other game in a casino. It's a game

0:45:52.360 --> 0:45:54.920
<v Speaker 1>of skill. It's a game where you can win with

0:45:55.040 --> 0:45:57.400
<v Speaker 1>the worst hand and where you can lose with the

0:45:57.400 --> 0:46:00.759
<v Speaker 1>best hand. Because eight percent of time, and this is

0:46:00.800 --> 0:46:02.879
<v Speaker 1>not a number that I'm just kind of pulling out

0:46:02.920 --> 0:46:05.080
<v Speaker 1>of thin air, um, there was actually a study that

0:46:05.080 --> 0:46:09.120
<v Speaker 1>economists did who analyzed hundreds of thousands of poker hands

0:46:09.120 --> 0:46:12.720
<v Speaker 1>online and found that the best hand one twelve percent

0:46:12.800 --> 0:46:15.160
<v Speaker 1>of the time, which means that pent of the time

0:46:15.160 --> 0:46:17.560
<v Speaker 1>it's the best player who forces someone with the better

0:46:17.600 --> 0:46:21.440
<v Speaker 1>hand to fold. And that, to me, that's just the

0:46:21.480 --> 0:46:25.240
<v Speaker 1>epitome of skill. It's all about becoming better and mastering

0:46:25.440 --> 0:46:29.200
<v Speaker 1>your process so that you can maximize your decisions, um

0:46:29.520 --> 0:46:33.200
<v Speaker 1>and basically be the be the more skilled person in

0:46:33.239 --> 0:46:36.560
<v Speaker 1>the game. And I think that that's not clear from

0:46:36.560 --> 0:46:39.000
<v Speaker 1>the popular culture. I think a lot of women think

0:46:39.040 --> 0:46:41.560
<v Speaker 1>of poker as you know, oh everyone's smoking, you know,

0:46:41.600 --> 0:46:44.239
<v Speaker 1>these guys in the back realm with cigars. I don't

0:46:44.280 --> 0:46:46.399
<v Speaker 1>want to do that. I don't want to gamble. And

0:46:46.440 --> 0:46:48.919
<v Speaker 1>I think a lot of times when if you don't

0:46:49.000 --> 0:46:51.399
<v Speaker 1>understand the game, and if you haven't taken the time

0:46:51.440 --> 0:46:54.160
<v Speaker 1>to actually study in and to figure out, oh, this

0:46:54.320 --> 0:46:56.399
<v Speaker 1>is a game that can teach me a lot um,

0:46:56.440 --> 0:46:58.680
<v Speaker 1>you're like, you know what, this is boring. I don't

0:46:58.680 --> 0:47:00.719
<v Speaker 1>want to do this. It's not a boring game at

0:47:00.719 --> 0:47:04.320
<v Speaker 1>all if you actually start figuring out what it's about.

0:47:04.719 --> 0:47:08.000
<v Speaker 1>But it's boring if you just are sitting there and

0:47:08.040 --> 0:47:10.160
<v Speaker 1>no one wants to include you because you're not in

0:47:10.360 --> 0:47:12.879
<v Speaker 1>the boys club. I think that that turns a lot

0:47:12.880 --> 0:47:14.960
<v Speaker 1>of women off. And I think a lot of times

0:47:15.040 --> 0:47:17.160
<v Speaker 1>when they walk into a casino and sit down at

0:47:17.200 --> 0:47:20.440
<v Speaker 1>a poker table at those lower stakes, it's not a

0:47:20.480 --> 0:47:23.040
<v Speaker 1>welcoming experience. A lot of men are drinking. There's a

0:47:23.040 --> 0:47:25.520
<v Speaker 1>lot of sexism. I mean, I've been called everything under

0:47:25.520 --> 0:47:28.080
<v Speaker 1>the moon. Some of the stuff is not not fit

0:47:28.160 --> 0:47:31.319
<v Speaker 1>for a radio consumption. So I'm not I'm not going

0:47:31.440 --> 0:47:33.279
<v Speaker 1>to say what I've been called. But if you can

0:47:33.320 --> 0:47:36.240
<v Speaker 1>think of it. I've been called it. I've been propositioned, literally,

0:47:36.239 --> 0:47:38.400
<v Speaker 1>given a key card and told what my rate was

0:47:38.440 --> 0:47:42.080
<v Speaker 1>going to be. I've experienced things I never thought i'd experience,

0:47:42.480 --> 0:47:45.040
<v Speaker 1>and that's a problem, and I think that keeps a

0:47:45.080 --> 0:47:47.279
<v Speaker 1>lot of women from the game. And honestly, had I

0:47:47.280 --> 0:47:49.200
<v Speaker 1>not been a journalist going into this for a book

0:47:49.239 --> 0:47:51.319
<v Speaker 1>and had I not seen what was possible, had I

0:47:51.360 --> 0:47:53.600
<v Speaker 1>not had a lot of the best players showing me

0:47:53.640 --> 0:47:56.200
<v Speaker 1>that their excitement, their love of the game, the fact

0:47:56.239 --> 0:47:59.799
<v Speaker 1>that it's a really beautiful game before I sensed it

0:47:59.840 --> 0:48:02.880
<v Speaker 1>for myself, and I kind of took their word for

0:48:02.920 --> 0:48:04.680
<v Speaker 1>it because I said, well, you guys are brilliant and

0:48:04.680 --> 0:48:06.560
<v Speaker 1>you could do anything in the world, and you've chosen

0:48:06.600 --> 0:48:08.839
<v Speaker 1>to play poker, So I guess, I guess there must

0:48:08.880 --> 0:48:11.480
<v Speaker 1>be something to this. If I didn't have that, there's

0:48:11.480 --> 0:48:13.160
<v Speaker 1>a very good chance that I would have gotten right

0:48:13.239 --> 0:48:16.200
<v Speaker 1>up and walked out and never come back. Well, it's

0:48:16.200 --> 0:48:18.600
<v Speaker 1>good that you didn't. I think that's a great place

0:48:18.640 --> 0:48:21.920
<v Speaker 1>to leave it. What just real quickly, Um, how have

0:48:21.960 --> 0:48:27.040
<v Speaker 1>you been spending the the crisis, the quarantine and what

0:48:27.120 --> 0:48:30.919
<v Speaker 1>are your plans for when it's over? Um, I've been

0:48:31.320 --> 0:48:33.600
<v Speaker 1>focusing on my book launch. So this was not the

0:48:33.640 --> 0:48:36.040
<v Speaker 1>way I planned to release my book. But my book

0:48:36.040 --> 0:48:38.080
<v Speaker 1>came out in the middle of quarantine. So I'm in

0:48:38.080 --> 0:48:42.400
<v Speaker 1>New York. Um. I barely have left Brooklyn, or I mean,

0:48:42.440 --> 0:48:44.880
<v Speaker 1>I barely have left my apartment since the end of February,

0:48:44.920 --> 0:48:48.600
<v Speaker 1>except for two weeks UM in July, where I actually

0:48:48.680 --> 0:48:51.479
<v Speaker 1>got an airbnb in New Jersey to play the World

0:48:51.480 --> 0:48:53.960
<v Speaker 1>Series of Poker online because in the US to have

0:48:54.040 --> 0:48:56.640
<v Speaker 1>to be physically located in New Jersey or Nevada in

0:48:56.760 --> 0:48:59.120
<v Speaker 1>order to be able to play. UM. And so I

0:48:59.160 --> 0:49:02.440
<v Speaker 1>did that, and now I'm back in Brooklyn. UM. And

0:49:02.960 --> 0:49:06.000
<v Speaker 1>do you not foresee any more travel in in my

0:49:06.120 --> 0:49:10.080
<v Speaker 1>immediate future? But yeah, my quarantine has been has been

0:49:10.080 --> 0:49:14.040
<v Speaker 1>spent on trying to get the book out there, even

0:49:14.080 --> 0:49:16.600
<v Speaker 1>though it's not See this this, this is the thing.

0:49:16.760 --> 0:49:19.120
<v Speaker 1>This is what poker teaches. You focus on the process,

0:49:19.120 --> 0:49:21.520
<v Speaker 1>and you can't control you can't control the outcomes, you

0:49:21.560 --> 0:49:24.040
<v Speaker 1>can't control what's going on around you. So everything that's

0:49:24.080 --> 0:49:26.960
<v Speaker 1>happening right now, that's just that's out of my hands. UM.

0:49:27.000 --> 0:49:29.600
<v Speaker 1>That's the variance, and that's the things that you can't

0:49:29.600 --> 0:49:33.440
<v Speaker 1>predict for UM. And that you can't control for so

0:49:33.480 --> 0:49:35.560
<v Speaker 1>what I can do is focus on myself and focus

0:49:35.600 --> 0:49:37.880
<v Speaker 1>on trying to make this as good of an experience

0:49:37.920 --> 0:49:41.880
<v Speaker 1>as I possibly can. Maria, that was great, really, uh

0:49:42.160 --> 0:49:45.439
<v Speaker 1>really enjoyed you coming on and uh, best of luck

0:49:45.480 --> 0:49:48.600
<v Speaker 1>and congrat something and looking forward to see you rising

0:49:48.680 --> 0:49:52.200
<v Speaker 1>on the Hendon mob. I'll keep both you're re checking

0:49:52.239 --> 0:49:56.320
<v Speaker 1>your profile and I see your your cash your cash winnings,

0:49:56.360 --> 0:49:59.560
<v Speaker 1>continue to write. Thank you guys so much, thanks for it.

0:49:59.719 --> 0:50:14.360
<v Speaker 1>That was really interesting, crazy, I found that really inspiring,

0:50:14.400 --> 0:50:16.319
<v Speaker 1>you know, Like I always say I like the game,

0:50:16.360 --> 0:50:17.920
<v Speaker 1>but I admit that I'm not good at it. But

0:50:17.960 --> 0:50:20.200
<v Speaker 1>maybe I should just decide to try to get good

0:50:20.200 --> 0:50:22.480
<v Speaker 1>at it, and maybe we both should, Like, maybe we

0:50:22.480 --> 0:50:25.040
<v Speaker 1>should both stop talking about it so much and just

0:50:25.120 --> 0:50:27.680
<v Speaker 1>both become good at it. That'd be fun, wouldn't it.

0:50:28.200 --> 0:50:30.120
<v Speaker 1>I have a feeling that Maria makes it look a

0:50:30.200 --> 0:50:34.200
<v Speaker 1>lot easier than it actually. Um and that said clearly,

0:50:34.239 --> 0:50:36.719
<v Speaker 1>I haven't read the book, but just talking to her, like,

0:50:37.640 --> 0:50:40.319
<v Speaker 1>it's clear that she's a talented player, and it's it's

0:50:40.320 --> 0:50:44.240
<v Speaker 1>pretty phenomenal that she managed to do so, like completely

0:50:44.400 --> 0:50:47.280
<v Speaker 1>out of her own will. She just wilds this professional

0:50:47.320 --> 0:50:51.239
<v Speaker 1>poker career into being that's amazing. We kind of did

0:50:51.320 --> 0:50:56.120
<v Speaker 1>that with like podcast, right, I think it's slightly different.

0:50:57.000 --> 0:50:59.680
<v Speaker 1>But okay, um, well we could do we could do

0:50:59.719 --> 0:51:01.719
<v Speaker 1>a part cast series where where we all go to

0:51:01.800 --> 0:51:03.600
<v Speaker 1>Vegas and why don't we just see who makes the

0:51:03.640 --> 0:51:06.160
<v Speaker 1>most money. I think that's what we should do. Let's

0:51:06.160 --> 0:51:08.400
<v Speaker 1>just do that. Yeah, rather than putting too much pressure

0:51:08.400 --> 0:51:11.000
<v Speaker 1>to actually become good when it's all over, let's just

0:51:11.040 --> 0:51:13.520
<v Speaker 1>both go and just see who wins more money. Yeah,

0:51:14.160 --> 0:51:17.560
<v Speaker 1>and we'll record everything. It would be great. Yeah, that's

0:51:17.560 --> 0:51:20.640
<v Speaker 1>actually something to look forward to. Yeah, that's something to

0:51:20.640 --> 0:51:23.960
<v Speaker 1>look forward to and all that. But you know, I

0:51:24.320 --> 0:51:26.600
<v Speaker 1>do think I do think her a description of poker

0:51:26.800 --> 0:51:30.160
<v Speaker 1>as this mixture of luck and skill is a really

0:51:30.200 --> 0:51:33.120
<v Speaker 1>important one. And it's sort of similar in financial markets

0:51:33.160 --> 0:51:36.800
<v Speaker 1>as well. You can get lucky on a single call,

0:51:37.080 --> 0:51:40.640
<v Speaker 1>but over the long run, all your investment decisions sort

0:51:40.640 --> 0:51:43.520
<v Speaker 1>of average out, and eventually, if you're making just tons

0:51:43.520 --> 0:51:47.879
<v Speaker 1>and tons of stupid decisions, your your luck is going

0:51:47.960 --> 0:51:51.439
<v Speaker 1>to get overwhelmed by your stupidity and your long term

0:51:51.480 --> 0:51:55.040
<v Speaker 1>average is going to go down. Yeah it's a cliche,

0:51:55.520 --> 0:51:58.160
<v Speaker 1>but fund managers, you know, they love to talk about

0:51:58.600 --> 0:52:01.279
<v Speaker 1>my process. I follow on a process that I may

0:52:01.320 --> 0:52:04.279
<v Speaker 1>have lost money at this quarter, but my process, my process.

0:52:04.320 --> 0:52:07.000
<v Speaker 1>But that is essentially what that means, which is like,

0:52:07.040 --> 0:52:10.239
<v Speaker 1>you know, sometimes you're have an approach that's not gonna work,

0:52:10.280 --> 0:52:13.640
<v Speaker 1>you got bad cards, the company you invested in, whatever.

0:52:14.239 --> 0:52:16.560
<v Speaker 1>But that is what they're talking about, is that discipline

0:52:16.600 --> 0:52:20.160
<v Speaker 1>to have an approach. And you know, the the greatest

0:52:20.200 --> 0:52:23.319
<v Speaker 1>ones investors are not just someone who randomly got lucky

0:52:23.360 --> 0:52:26.080
<v Speaker 1>because they bought Netflix fifteen years ago or whatever, but

0:52:26.160 --> 0:52:30.759
<v Speaker 1>actually have some sort of process and discipline to evaluate investments.

0:52:30.800 --> 0:52:34.759
<v Speaker 1>It's just extremely, extremely hard. If someone were to ask

0:52:34.760 --> 0:52:37.279
<v Speaker 1>me what my poker process was, I would say a

0:52:37.400 --> 0:52:42.560
<v Speaker 1>mixture of panic and confusion. See that's what you know.

0:52:42.600 --> 0:52:45.279
<v Speaker 1>You have the self evaluation part, So that's good, that's

0:52:45.280 --> 0:52:47.560
<v Speaker 1>the first step. I don't know, I would probably say

0:52:47.600 --> 0:52:50.520
<v Speaker 1>something pretty similar with a couple of that, with like

0:52:50.560 --> 0:52:52.839
<v Speaker 1>some sort of like overconfidence or trying to do hard,

0:52:52.880 --> 0:52:56.479
<v Speaker 1>to be clever but probably but no better. All right, Well,

0:52:56.560 --> 0:52:58.640
<v Speaker 1>I am looking forward to testing all of this out

0:52:58.640 --> 0:53:06.040
<v Speaker 1>in Vegas once the whole coronas fingers crossed, I'm looking forward. Okay,

0:53:06.600 --> 0:53:09.440
<v Speaker 1>this has been another episode of the All Thoughts Podcast.

0:53:09.520 --> 0:53:12.080
<v Speaker 1>I'm Tracy Alloway. You can follow me on Twitter at

0:53:12.160 --> 0:53:15.400
<v Speaker 1>Tracy Alloway and I'm Joe wisn't Thal. You can follow

0:53:15.440 --> 0:53:18.520
<v Speaker 1>me on Twitter at The Stalwart and you should follow

0:53:18.560 --> 0:53:22.440
<v Speaker 1>our guests on Twitter Maria kna Cova. Her handle is

0:53:22.600 --> 0:53:25.719
<v Speaker 1>at m conda Cova. Also be sure to check out

0:53:25.760 --> 0:53:28.000
<v Speaker 1>her new book, The Biggest Blow How I Learned to

0:53:28.040 --> 0:53:31.160
<v Speaker 1>pay attention, master myself and Win, and be sure to

0:53:31.200 --> 0:53:34.839
<v Speaker 1>follow our producer Laura Carlson at Laura M. Carlton. Follow

0:53:34.880 --> 0:53:38.480
<v Speaker 1>The Bloomberg had a podcast, Francesca Levi at Francesca Today

0:53:38.880 --> 0:53:41.480
<v Speaker 1>and check out all of our podcasts under the handle

0:53:41.760 --> 0:54:00.800
<v Speaker 1>at podcast. Thanks for listening to