Run bad at poker, Run good at life

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Uptown . Feb 25 2011 00:44. Posts 3557

Quick blog.

Poker - lost like 100bi over various limits and various games (PLO400~PLO25, NL50~NL25) over the last 4 months. Roll from $7,000 -> $200 or so. Looks like it's time to throw in the towel. I was never ever a "poker pro" by any means, but going out in this fashion hurts my pride a bit for sure

Life - Moved back to the Silicon Valley and joined a startup. Responsibilities are pretty close to what I was looking for (between Marketing and Engineering), and the CEO has successfully executed 3 previous startups. I like my manager, and this should be a lot of fun~

Life II - I've spent the last few months learning our family's finances and investment philosophies. The bulk of my own assets are of the buy and hold nature, but I've reallocated a small portion of my funds to a discount brokerage in order to be more actively involved in the markets. Whatever happens to this money won't make or break me, but the experience I gain from this endeavor will be super valuable as I advance in age and attain more assets that I could potentially lose had I not had these "micro-mistakes" and learned from them. Already, I've caught myself making rash decisions based on short term market fluctuation, without sticking to what I believed in about the companies I had invested in. I really enjoy reading analyst reports and connecting "business news" into possible investment opportunities (i.e. devalued stock prices, such as HP's CEO scandal, or BP's oil mess), so it's been quite intellectually stimulating.

We'll see what 2011 has in store for me~~

0 votes

Half Pot!

Advant1 Canada. Feb 25 2011 01:18. Posts 20

Best of luck!

Beginner in training! Tips and advice greatly appreciated

gawdawaful Canada. Feb 25 2011 02:42. Posts 9012

teach me how you make decisions on various buy and hold investments and short term trading?

Im only good at poker when I run good

Highcard Canada. Feb 25 2011 03:20. Posts 5428

dont busto your IRL bankroll plz

I have learned from poker that being at the table is not a grind, the grind is living and poker is how I pass the time

Silver_nz New Zealand. Feb 25 2011 05:12. Posts 5647

Hi Uptown :D I guess you like simleys quite a bit huh?

srsly though, what product is the startup aiming at making? and how do you combine engineering and marketing in one defined job? that sounds great

edzwoo United States. Feb 25 2011 05:20. Posts 5911

Nice! Seems like you're putting your knowledge to good use

Uptown . Feb 25 2011 20:29. Posts 3557

On February 25 2011 01:42 gawdawaful wrote:
teach me how you make decisions on various buy and hold investments and short term trading?

Read literature, read analyst reports, read Morgan Stanley / Merrill Lynch quarterly reports and forecasts, read WSJ, read Financial Times, be aware of macroeconomic trends, and above all, "have the long view"

Half Pot!

Uptown . Feb 25 2011 20:31. Posts 3557

On February 25 2011 04:12 Silver_nz wrote:
Hi Uptown :D I guess you like simleys quite a bit huh?

srsly though, what product is the startup aiming at making? and how do you combine engineering and marketing in one defined job? that sounds great

Prefer not to discuss details of the company

Well, Product Marketing or Technical Marketing positions at High Tech firms will demand both disciplines. The responsibilities become wider in a startup as well.

Half Pot!

Uptown . Feb 25 2011 20:32. Posts 3557

and yes I like smilies!!

Half Pot!