Applying poker strategies in your business can give you an unfair edge, record profits, and enable you to make difficult, high-stakes decisions in seconds with limited information.
Poker is easy to win but notoriously difficult to master. Warren Buffett once said, “If you’ve been playing poker for half an hour and you still don’t know who the patsy is… you’re the patsy.”
Related: 4 Tricks for Negotiating Like a Poker Pro
According to Wayne Yap, one of the youngest multimillion-dollar-earning poker players and winner of the high roller event at the ACOP, in the world of professional poker, the most winning players use eight-core strategies to overcome their fear of loss, make multimillion-dollar decisions in 30 seconds or less, and outsmart world-class competition
recent expansion into physical distribution is looking prescient, as surging digital sales during the coronavirus pandemic boost demand for the e-commerce technology company’s fulfillment services.
The Shopify Fulfillment Network that handles the storing, packing and shipping of goods for online sellers “enrolled more merchants and increased our fulfillment volume…by two-and-a-half times over Q1” in the second quarter, Thomas Epting, director of the network, told The Wall Street Journal. “We’re seeing good in-year growth and certainly ample demand.”
The Logistics Report
Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology.
The expanded business for handling physical goods is part of the growing demand Shopify has seen for its main business providing the digital tools for retailers to reach consumers online.
That capability has become critically important for many merchants as the coronavirus pandemic has upended American life and the
Sometimes when we review all of the new movies heading to Netflix each week, there are some really light loads—and then there are crazy weeks like this one. Over the next four days, a whopping 11 movies will be added to Netflix’s digital lineup.
There’s a healthy mix of Netflix Originals, Oscar-winners and foreign features to choose from this week. Here’s every one of them, with trailers and premier dates to boot:
Octonauts & the Great Barrier Reef
Plot summary: In this musical special, the Octonauts must find a way to hold back hungry swarms of coral-eating starfish to save a new friend’s fragile reef home.
(Bloomberg Opinion) — Economists like to think of themselves as mathematicians — or, if feeling momentarily humbler, as physicists. This year’s winners of the Nobel Prize in economics, however, seem to conceive of themselves more as engineers. Like Alvin Roth and Lloyd Shapley, who won the prize in 2012, Paul Milgrom and Robert B. Wilson are specialists in “market design,” a field which, as Roth wrote in a famous paper, calls for “an engineering approach.”
Roth argued that market designers should take bridge-builders as their exemplars: “Engineering is often less elegant than the simple underlying physics, but it allows bridges designed on the same basic model to be built longer and stronger over time, as the complexities and how to deal with them become better understood.”
The bridge that Milgrom and Wilson built was the 1994 auction of telecommunications spectrum by the Federal Communications Commission, later called “the
More jobs are being lost as Coronavirus lockdowns hit the economy.
For the jobs that remain, the question is, how to stand out as an applicant?
We ask nine top bosses for their thoughts.
Holly Tucker, founder of Not On The High Street: ‘I want to be wowed’
When you apply for a job with Ms Tucker, founder of online marketplace Not On The High Street, she’s looking for one thing: “Creativity.”
She says: “I want to be wowed by the application, whatever the role. I want to see the care, attention to detail and creativity in their application that I will want to see from them in their job every day.”
She suggests a handwritten letter or an imaginative design as a good starting place.
“Some of my favourite CVs have gone the extra mile and showcased
I kid you not. In an interview by Bill Hemmer on Fox News this afternoon, Senator Tim Kaine (D., Vt.) surmised — because, of course, they haven’t discussed the matter — that his party’s presidential nominee, Joe Biden, is probably refusing to answer the question of whether he supports packing the Supreme Court because . . . it turns out . . . “it’s not his business.” See, Biden is running for president, and it turns out that legislation regarding the Supreme Court is totally up to Congress. Nothing for Ol’ Joe to be concerned about.
You can check the clip. The senator did his best to keep a straight face, but it was a struggle.
To be clear, packing the Court means expanding its size so the President of the United States (which
Disney announced a major reorganization of its media and entertainment business on Monday to “further accelerate” its streaming strategy.
The company’s stock was up about 5% in after hours trading following the news.
“This is further proof that the direct to consumer model is not only well received, but more critical than ever to Disney’s future,” said Trip Miller, a Disney investor and managing partner at hedge fund Gullane Capital Partners. “These moves will not only result in higher quality content, and focused distribution, but allow the company to streamline corporate complexity and hopefully lower expenses.”
Miller also said that this move will allow Disney to further monetize in demand content and possibly “make up
MANHATTAN BEACH, CA — A public hearing on a proposed new 162-room hotel with full alcohol service and a separate retail and office building at 600 South Sepulveda Boulevard will be held this Wednesday, Oct. 14 when the Manhattan Beach Planning Commission meets at 3 p.m.
The site is a 65,419 square-foot lot with street frontage along Sepulveda Boulevard, Tennyson Street and Chabela Drive. An El Torito restaurant with full alcohol service occupied the existing 8,500 square-foot restaurant building on the site until vacating the space late in 2018. Skechers has been occupying the site since 2019, using the restaurant building as a corporate cafeteria and meeting space while using the parking lot for overflow parking for Skechers employees impacted by Skechers construction of new office buildings along Sepulveda Boulevard. The existing restaurant building would be demolished.
City staff is recommending that the Planning Commission approve the master use permit
Less than two weeks after it reopened for indoor dining, the Grand Central Oyster Bar, one of New York City’s most famed restaurants, has closed its doors again—at least for the time being.
Officials with the dining spot, a fixture in Grand Central Terminal since the railway hub’s opening in 1913, said business was too slow at this point, defying their hopes and expectations. The restaurant, which shut down in mid-March because of the coronavirus pandemic, restarted operations when New York state allowed indoor dining to resume within the five boroughs on Sept. 30.
Oyster Bar officials said they knew it was never going to be an easy ride, given that the state had limited indoor dining to 25% capacity. But Executive Chef Sandy Ingber said the restaurant was still unable to fill tables to anywhere near that level in the short period since it had started again, with sales
When you choose to hack your own path through the workplace jungle, you’re taking on a lot of risk and uncertainty. No matter your industry, you’ll face financial risk. Even freelancers struggle to find clients from time to time. You’ll also have to adapt to the varying demands of your business—you’ll have to be good at both forward-facing client communication, and head-to-the-books labor.
And just because you’re in charge doesn’t mean you don’t still conceptually have a boss. There will always be commitments to customers and business associates. There will always be deadlines.
But the benefits are numerous. Your business is your ship, and you set the course. You choose your own hours. You choose your goals. No one can