Howard Lederer on Evaluating Your Position | Big Think

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Howard Lederer on Evaluating Your Position New videos DAILY: https://bigth.ink/youtube Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- The Poker Professor says knowing your place in the market is important to success. ---------------------------------------------------------------------------------- TRANSCRIPT: Lederer: Poker is a game where you constantly… And this really applies to business, where you have to constantly be evaluating yourself and your strategy as it relates to your opponent’s strategy and that kind of fluidity and sort of attention that you have to pay to those things I think really apply in this. There are so many businesses out there that find a market niche or come up with some type of unexploitable strategy maybe on Wall Street and then, that exploit, you know, well, that niche goes away. And so, there are kind of two things. I think you have to recognize A) that you have to constantly sort of evaluate your sort of your position in whatever business you’re in or in poker and be willing to change things. You know, you either adapt or die, and potentially sort of get out the situation. I’ve certainly, you know, played in some games where I felt like I had a nice advantage and then, you know what? The game changed. The game got tougher, and you’ll have to be willing to accept that, well, maybe I should be playing some of these other games, and I t

Published 2012-04-24 · Watch on YouTube ↗
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