Want to Succeed on Wall Street? Learn Poker, Not Economics.
In the Bloomberg article with this title, we learn that a study was conducted to determine the indicators of success among traders. The Federal Reserve Bank of New York concludes that success does not depend on intelligence, personality, or cognitive abilities of professional traders. Their success is primarily attributed to their high capacity to analyze the behavior of others.
This is reminiscent of the essence of poker, which is often described as:
"Beginners think about their own cards. With a bit of experience, they start thinking about their opponents' cards. But poker truly begins when you start thinking about what the other person thinks you have in your hand."
Developing such a mindset is fascinating and mastering it requires a lot of work. This skill is highly useful for becoming a successful trader, but it also applies to many other fields.
What do you think about the idea of incorporating poker courses into training programs to help students develop their potential?
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