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Board index > Poker Strategy Discussion > Poker Books, Resources, and Learning Tools


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Poker book by Howard Marks?



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Wynngolfhatguy
 Post subject: Poker book by Howard Marks?
PostPosted: Sun Jan 22, 2012 3:30 pm 
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Joined: Mon Sep 21, 2009 6:55 pm
Posts: 229
Location: Mars
As a financial professional, I recently read famed bond investor and head of Oaktree Capital Howard Marks' "The Most Important Thing: Uncommon Sense for the Thoughtful Investor"
There are actually 18 Most Important Things contained in the book.

While the book is about investing, I think poker players can extend many of the lessons in the book to poker by thinking outside the box a little. Heck you may learn some about investing too!

To give an example of a few of the chapters that particularly apply to poker.
Each can be read as "The Most Important Thing is":
Second Level Thinking
Understanding Risk
Controlling Risk
Patient Opportunism
Appreciating the Role of Luck

As background, I first got involved in poker after reading a short article in Smart Money magazine in 1998. They had done a short article on Sklansky's "The Theory of Poker" and discussed how similar poker is to investing. I read Sklansky's book and the rest is history.

To me, playing good poker and practicing solid investing have many parallels.

_________________
"Sure, I've been called a xenophobe, but the truth is, I'm not. I honestly just feel that America is the best country and the other countries aren't as good. That used to be called patriotism" ~ Kenny Powers


Last edited by Wynngolfhatguy on Sun Jan 22, 2012 6:39 pm, edited 1 time in total.

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axb001
 Post subject: Re: Poker book by Howard Marks?
PostPosted: Sun Jan 22, 2012 4:07 pm 
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Joined: Mon Nov 03, 2008 2:15 pm
Posts: 1533
I'm guessing that's not the same guy as "Mr Nice" Howard Marks, the infamous international drug smuggler ?


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axb001
 Post subject: Re: Poker book by Howard Marks?
PostPosted: Sun Jan 22, 2012 4:11 pm 
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Joined: Mon Nov 03, 2008 2:15 pm
Posts: 1533
... mind you, I'm guessing he`d know alot about pot control.


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Wynngolfhatguy
 Post subject: Re: Poker book by Howard Marks?
PostPosted: Sun Jan 22, 2012 6:42 pm 
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Joined: Mon Sep 21, 2009 6:55 pm
Posts: 229
Location: Mars
Lol.
He'd also be particularly good at using deception!

_________________
"Sure, I've been called a xenophobe, but the truth is, I'm not. I honestly just feel that America is the best country and the other countries aren't as good. That used to be called patriotism" ~ Kenny Powers


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