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Why Top Entrepreneurs Are Like Good Poker Players

Each trader received real money and stock-like financial assets, which paid dividends with known probability. Traders could calculate the true value of the assets and try to make money by buying below fair value and selling above it. But to do that, they had to find someone willing to sell on the cheap or buy dearly. With perfect information and numerous competitors, profiting was never going to be easy. But some grasped their competitors surprisingly well. For example, one trader quickly bought an asset, paying roughly true value.

For the original version including any supplementary images or video, visit http://knowledge.wharton.upenn.edu/article/why-are-some-entrepreneurs-better-than-others-strategic-intelligence/

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Will Pengelly Wins 2018 WinStar River Poker Series Main Event

Home : Poker News : Will Pengelly Wins 2018 WinStar River Poker Series Main Event Will Pengelly Wins 2018 WinStar River Poker Series Main Event 20-Year-Old Student Tops Field of 807 Entries To Win $249,310 by Card Player News Team  |  Published: Sep 05, 2018 William Pengelly has won the 2018 WinStar River Poker Series $2,500 buy-in, $2 million guaranteed no-limit hold’em main event, defeating a field of 807 entries to take home a $249,310 payday. The 20-year-old college student at the University of North Texas had to miss a day of class in order to finish out the final table, which he did in just over 3 hours. Things were expedited by the fact that an ICM-chop was agreed upon with five players remaining, leaving just the title and the championship bracelet to play for. In addition to the title and the money, Pengelly also earned 1,368 Card Player Player of the Year points as the champion of this event. This was his first POY-qualified score ever, and it alone was enough to see him catapulted into 180th place in the overall rankings. Pengelly began the day in third chip position but fell to one of the shorter stacks early in the final table. He righted the ship by winning a flip with the A against Johnny Deas’ pocket sixes. He flopped a royal flush draw but ended up pairing his ace on the river to win the pot. He flopped a set of jacks not long after and knocked Deas out in eighth place ($46,060), a disappointing finish for the man who began the day with the chip lead.

For the original version including any supplementary images or video, visit https://www.cardplayer.com/poker-news/23195-will-pengelly-wins-2018-winstar-river-poker-series-main-event

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