Word: holdes
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...mastery of probabilities and risk. "There are plenty of people who are 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...
...Event and a year earlier hedge-fund operator David Einhorn placed 18th. Bill Chen, an arbitrage expert at options-trading firm Susquehanna International Group, has won a couple of big-money tournaments and has been cited in at least one book for his "Chen formula" for winning at Texas Hold 'Em. Don't ask; Google it. (Read "What's Still Wrong with Wall Street...
...nothing to anyone at Goldman Sachs. A lot of people have sounded the death knell for print media, but you disagree. Why? People don't realize how much better a business it was to start with. The worst kind of business is the hit-driven business. One celebrity can hold up your entire enterprise. People are forever tricked into believing that somebody has the magic sauce and must be paid whatever they ask. Businesses such as newspapers, where the content is continuous and you're relying on the value of a franchise rather than a star reporter, are better businesses...
...Every company should publish an annual sustainability report according to an accepted framework,” he said. “We need to hold boards responsible [for] sustainability. This is given lip service...
...conditions this weekend on the river,” Jumper said. “Our first race was a first-place finish, and then our second race we capsized and couldn’t finish...If we finished the race, we did pretty [well]. We were able to hold our own, and it was good practice in that breeze...