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...very good poker players who never worked on Wall Street and may have even dropped out of their community college," he says. To him, success is more about reading the opponent. He likens entering an all-in Hold 'Em showdown to a bidding war against some other investment firm trying to buy the same assets he wants to buy. You don't want to be the one to blink, or you'll lose. Says Begleiter: "When I'm good I'm processing everything that's going on around me and making good decisions under pressure." Wait a minute...
...knocked out that year short of winning money. "But I got hooked," he says. "There was no way I wasn't playing in '09, and that earlier experience really helped me this year." He has since joined the private-equity firm Flexpoint Ford as a partner, and has no plans to turn poker pro - for many reasons, but not least because he feels it would take him away from his family (he has three children at home) and, he says, because he loves his job. But he does hope to play the main event every year, especially...
...know you are saying no so they can pile onto the policy of fiscal discipline. There are lots of other things you can give talent besides money. For years Goldman Sachs convinced people that their highest value was their connection to Goldman Sachs. And people hardly ever left the firm...
Home sales and prices seem to be on the mend - but the foreclosure crisis marches on. TIME's Barbara Kiviat spoke with Rick Sharga, vice president of RealtyTrac, a firm that counts foreclosures, to find out what we might expect moving forward...
Bert T. Sperling, the president of Sperling’s BestPlaces—the research firm Trojan contracted to conduct the survey—said the survey’s results were not “earth-shattering...