The World’s Best Female Poker Player Joins Bridgewater
https://www.bloomberg.com/news/articles/2018-01-0…
What do you guys think?
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I was hoping for Molly Bloom (Jessica Chastain's character in the 2017 movie Molly's Game) based on the headline...very disappointed.
Is this really surprising? A lot of previous poker champions have gone into trading, specifically at prop shops such as Jane Street, SIG, etc.
Taylor Mason did it
Selbst is lame.
I was hoping it was Vanessa Rousso...
I don't understand the connection between poker and trading/investing. I know a number of really good poker players who are completely incompetent with finances and investing. Is there, say, a greater correlation between being skilled at poker and a skilled investor than there is between having a high IQ and being a skilled investor?
I'd say it has more to do with a highly-developed ability for probabilistic thinking. To a a decent poker player the distinctions between process, probability and outcome become obvious. In other words, a bad outcome does not invalidate the process or decision that led you there, especially if the underlying probabilities were correctly ascertained.
This is a strong parallel to trading, granted the probabilities start to become more stochastic and less certain in the realm of investing. But the principle holds. In poker you can have 80% odds in your favor and still lose the hand. If you allow the outcome to overwrite the underlying probabilities and govern your strategy in the future, then you won't last very long.
I'm not saying you're wrong, I'd just love to see the evidence that suggests correlation of strong poker skills to better investing relative to the correlation between high IQ and better investing. I find the connection dubious without evidence; otherwise, this was a "faith" hire (although having attended Yale, her IQ is still probably high anyway).
There are numerous poker players with high levels of success with strong undergrad degrees, advanced post undergrad degrees, and PhD's from Computer Science, AI, and JD's.
Right, so that hits back to my point--is it high IQ or highly developed poker skills? If it's merely high IQ then you don't need to pay an almost certainly huge premium to hire successful poker players when people with very high IQs are a dime a dozen on or around Wall Street.
It's high IQ's first and foremost. After that it is simply what the person does with it.
Trading ruins some people psychologically. Well established poker players aren't likely to be affected greatly by certain swings. They have their game they play in poker and in trading they have their strategy. To lose therefore in trading is less a a dent to their psyche and more a lesson in what happened and what they can do better the next time, which is most likely advantageous to companies.
She's a smart gal if you have ever met her or been a the table with her. One of a small group of notable players with success who can excel in games outside of texas hold-em.
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