305: Make business decisions like a poker player
The Sweaty Startup
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The Path of Less Resistance - Picking Your Competition
Poker players not going to play a hand if his odds aren't that he's going to win. That's why I like to look at businesses where the 50th percentile person is doing very well. Not talking about venture capital and Silicon Valley where 99 out of 100 businesses never get acquired. If I was sitting at a poker table with some poker chips, I'm going to bet on this moving company because it's a pretty low risk bet.
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