AI Snips
Chapters
Transcript
Episode notes
From Poker To Investing
- Evan left poker for investing after online games worsened due to regulation and he was already investing his winnings.
- He found value investing familiar because it mirrored poker's math and patient decision-making.
Value Investing As Rational Play
- Evan saw value investing as a rational framework akin to poker theory: estimate cash flows and ignore chart mumbo-jumbo.
- That rational, math-driven approach attracted him away from heuristics and hype.
Widen Funnel, Narrow By Mistake
- Keep a wide funnel of stock ideas using screens and following competitors, then narrow by valuation and a clear mistake others make.
- Prefer 8–15x earnings where you can identify the behavioral bias causing the discount.