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#114 The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time

#114 The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time

FromFounders


#114 The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time

FromFounders

ratings:
Length:
80 minutes
Released:
Mar 9, 2020
Format:
Podcast episode

Description

What I learned from reading The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Timeby Michael Craig.Some Texas banker was playing poker with over $15 million on the table. 15 million on the table? This much cash would weigh over 250 pounds. [0:01]Founders #38 Jeff Bezos and Elon Musk The Space Barons: Elon Musk, Jeff Bezos, and the Quest to Colonize the Cosmos [4:12]Poker players are misfits / Poker as a capital intensive business / How to avoid going over the edge [6:51]The early life and personality traits of Andy Beal [12:20]Other founders mentioned in this episode: #59 Howard Hughes: Hughes: The Private Diaries, Memos and Letters; The Definitive Biography of the First American Billionaire.#65 Kirk Kerkorian: The Gambler: How Penniless Dropout Kirk Kerkorian Became The Greatest Deal Maker In Capitalist History.#67 Conrad Hilton: The Hiltons: The True Story of an American Dynasty [19:24]Professional poker players were the ultimate independent businessmen. They had no bosses, no employees, and no set hours. [20:36]He came. He saw. He was conquered. [26:01]The entrepreneurial emotional roller coaster + Bet on yourself [28:20]A young Andy Beal’s adventures in entrepreneurship [36:30]Beal Aerospace [49:45]How Andy Beal finds an edge in poker [55:04]The difference between knowing and doing [1:07:49]The benefits of facing tough competition: Andy had played abasing the best poker players in the world for nearly 300 hours. It was impossible to stick around against this level of competition and not improve. How can we simulate an environment like this for ourselves?   [1:09:45]What a bizarre, nonchalant way to start an important day [1:14:20]—“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast
Released:
Mar 9, 2020
Format:
Podcast episode

Titles in the series (100)

Learn from history's greatest entrepreneurs. Every week I read a biography of an entrepreneur and find ideas you can use in your work. This quote explains why: "There are thousands of years of history in which lots and lots of very smart people worked very hard and ran all types of experiments on how to create new businesses, invent new technology, new ways to manage etc. They ran these experiments throughout their entire lives. At some point, somebody put these lessons down in a book. For very little money and a few hours of time, you can learn from someone’s accumulated experience. There is so much more to learn from the past than we often realize. You could productively spend your time reading experiences of great people who have come before and you learn every time." —Marc Andreessen