Sign up FAST! Login

Silicon Valley's poker-obsession - Business Insider

Stashed in: Silicon Valley!, Gambling!, Poker!, Pants on fire!, Silicon Valley, @chamath

To save this post, select a stash from drop-down menu or type in a new one:

The level of play is far beyond regular amateur tables. For example, Palihapitiya, who often walks off with the most chips, has played in some of the highest stake poker tournaments, including the World Series of Poker, where he finished 101st out of more than 7,000 contestants in 2011.

In fact, according to Hellmuth, a 12-time world champion in Texas Hold’em, the skill level is so high that he was only able to hit break-even in the first three years he played there. “In general, great businessmen are great poker players. There’s a reason these guys made so much money in the real world. Those skills translate to poker,” Hellmuth tells us.

Which skills? The ability to bluff? The ability to hang in there when the chips are down?

The best poker players are experts at seeing their opponents' strategy while hiding their own.

The best poker players are experts at lying to other people and having total control of their emotions.

Note that these two skills are also common to sociopaths.