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Keep doing the right thing, the results will follow

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Andy Black

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Some advice I gave to a client who gets a bit excited, disappointed, or impatient:

Professional poker players are dispassionate about the outcome. They tuck losses and wins away as learnings as they figure out how to win the game. They could get all-in with their two aces against a fish who calls with a rubbish hand. They don’t get excited because they’re ahead. Neither are they disappointed if they lose. They keep grinding it out and grinding down their opponent.

Our plan is to keep grinding it out. Calmly.

If our bankroll isn’t high enough to play at the current tables then we drop down to smaller tables and try to learn the game so we can beat it while spending less.

Getting excited or angry or disappointed is a sign we’re playing at tables too big for us, and/or our mindset isn’t that of the coolly detached pro.

Keep doing the right thing, the results will follow.
 
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RazorCut

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Exactly. It's a process. If you have done your homework and know that the numbers will work you just have to have the confidence and belief which will let you grind it out until you get the results you know are obtainable. You might well have to make adjustments along the way but that's part and parcel of entrepreneurship.

I used to love poker and had a game with friends every fortnight. I went years without a single loss simply because I didn't tilt when I got bad beats. I just battened down the hatches and played conservatively with what I had left until things started going my way again.

You can't win if you give up part way through the process.
 

robertwills

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View attachment 33034

Some advice I gave to a client who gets a bit excited, disappointed, or impatient:

Professional poker players are dispassionate about the outcome. They tuck losses and wins away as learnings as they figure out how to win the game. They could get all-in with their two aces against a fish who calls with a rubbish hand. They don’t get excited because they’re ahead. Neither are they disappointed if they lose. They keep grinding it out and grinding down their opponent.

Our plan is to keep grinding it out. Calmly.

If our bankroll isn’t high enough to play at the current tables then we drop down to smaller tables and try to learn the game so we can beat it while spending less.

Getting excited or angry or disappointed is a sign we’re playing at tables too big for us, and/or our mindset isn’t that of the coolly detached pro.

Keep doing the right thing, the results will follow.
You should also tell people "The reverse is also true!"

If you want to go even further say "Always go the extra mile in your relations with others.". If you do what I have found is that really good things then come to you in unexpected ways; sometimes beyond belief! Like the young man who gave up his seat on a train to an older man. The older man turned out to be the president of a major company. The older man gave the younger man a position at his company as a vice-president and a salary many times what he was earning before.
 
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Andy Black

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Thought this was a YouTube video of yours but I guess it's just a thread? Have you thought about making a video about this thread title?
That’s a great idea! I’ll work on it. Got a head cold though so no voiceover tonight.
 

WJK

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I agree with the basic premise. I do the right thing and create so much good luck. Sometimes those good deeds take years to come back to me, but they always do...

Also, Andy, I like the fact that if you get all worked up, you're sitting at the wrong table -- you just can't afford to be there financially, emotionally, and experience-wise. I play Monopoly in the RE business with real money all the time. Sometimes I lose -- but I rarely get worked up about it. I knew the odds when I went into the deal. I can't make a deal without accepting the fact that I might lose. If I do get worked up, it's because I somehow failed -- failed to understand the other players' natures -- I miscalculated the odds -- I didn't leave enough wiggle room to handle a black swan event -- I dropped the ball at a critical moment... I know it always comes back to me and me alone. I chose to play the game and accepted that level of risk.
 

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