HoldCo Builders How I Invest My Millions I Earned From High-Stakes Poker | Alec Torelli Interview
Oct 31, 2023
Alec Torelli, a high-stakes poker pro with over $2.2 million in winnings, shares his dual passions for poker and investments. He discusses his decision-making process in asymmetric investments and the importance of cultivating a winning mindset. Alec reflects on the emotional impacts of gambling in Macau and balances his poker career with personal growth. He emphasizes resilience after setbacks and offers insights on networking within the poker community to fuel business ventures. His journey from poker champion to investment strategist reveals the psychology behind both worlds.
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Early Poker Success and Setback
- Alec Torelli experienced rapid early success in poker, winning over $1 million by age 19.
- His initial overconfidence led to significant losses, teaching him humility and the need for continuous learning.
Start Investing Early
- Begin investing early to harness the power of compounding over decades.
- Delaying gratification by contributing to retirement accounts can profoundly change your financial mindset.
Balancing Risk with Diversification
- Alec balances his investment portfolio by combining high-risk ventures with stable real estate.
- Diversifying across different risk profiles allows confidence in riskier plays like crypto and startups.
