Lynn O'Shaughnessy

The College Solution

Want to Succeed in Business? Play Poker

By Lynn O'Shaughnessy | Oct 17, 2009 |

If you want to succeed in business, you might not need that country club membership. Buy a deck of cards instead.

Poker can provide the intellectual tools to make players smarter and more successful in business, as well as in life.

That’s the claim anyway that card-shark academics, including those at The Global Poker Strategic Thinking Society, make.  Here are a few reasons that researchers suggest that you might want to start playing poker:

Poker creates allies. When Barack Obama, a newbie politician from Chicago, was trying to succeed in the hard-bitten Illinois Legislature, he played poker. He started a weekly poker game, called Committee Meeting, and wooed his wary adversaries. And we all know how that turned out.

Poker encourages strategic thinking. Steve Ballmer, Bill Gates’ dorm mate at Harvard, has said that Microsoft’s business plan was “basically an extension of the all-night poker games Bill and I used to play back at Harvard.” Gates’ poker winnings at Harvard also paid for a substantial amount of Microsoft’s start-up costs. During the Civil War, Robert E. Lee relied on poker-based strategies to almost defeat the Union Army that enjoyed superior troop and weapon strength.

Poker improves interpersonal skills. If you can read players during Texas hold ‘em, you could be more likely to succeed during a business presentation or when negotiating a contract. Plenty of U.S. presidents were poker players and Teddy and Franklin D. Roosevelt both named their biggest federal programs — Square Deal and New Deal - after poker terms.

You can learn more about what poker playing can teach us by reading an article in The Chronicle of Higher Education by James McManus, a professor, who teaches a course on the literature of poker. The Global Poker Strategic Thinking Society provides this reading list for people who want to learn more about the benefits of poker.

Poker chip image by Lludo. CC. 2.0.

 
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  •  
    1

    PokerGob

    10/17/09 | Report as spam

    Poker

    I host a poker forum and would agree with most of this article except for the "poker creates allies" portion of the article. I understand what you are trying to say, but I think it is more likely to cause tension between people unless there is some sort of "friendly" house rules applied to the game. Great article.

  •  
    2

    The College Solution

    10/18/09 | Report as spam

    RE: Want to Succeed in Business? Play Poker

    Thanks for sharing your poker forum link. That's an interesting observation you made regarding poker creating allies -- or not. Maybe in this case, Obama intentionally lost some rounds on purpose. Who knows!

    Lynn O'Shaughnessy
    The College Solution

  •  
    3

    Mitchell1969

    11/02/09 | Report as spam

    RE: Want to Succeed in Business? Play Poker

    Actually lobbyists lose to politicians at poker games on purpose all of the time to get their bills passed.

    It is why the Poker Player's Alliance would be a lot more successful if the pros that visit the politicians would play poker with them and lose big money on purpose.

    That would get online poker the support it needs to be regulated and taxed.

    Mitchell
    Author of: Tournament Poker: 101 Winning Moves

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Lynn O'Shaughnessy

Lynn O'Shaughnessy is a financial journalist and the author of a critically acclaimed book, The College Solution: A Guide for Everyone Looking for the Right School at the Right Price. She has been a contributor to such publications as BusinessWeek, USA Today, Money Magazine, Medical Economics, The New York Times, Consumer Reports MoneyAdvisor, The Chronicle of Philanthropy, AARP: The Magazine and Kiplinger

Lynn O'Shaughnessy

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