#239 Chris Sparks - How to Manage Risk with One of the Top Poker Players in the World

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 12 March 2020

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chris Sparks is one of the top online poker players in the world and the Founder of The Forcing Function, a company which is empowering the next generation of entrepreneurship by transforming the way we think about work. In this conversation, Anthony and Chris discuss game theory, decision making frameworks, how to control emotions during times of stress, what it takes to walk away from imbalance risk-reward scenarios, how poker lessons relate to business and investing, and why routines are almost as important as plans. ===================================================================================================================If you enjoyed this episode and want to stay updated on everything Bitcoin, blockchain, and crypto. Check out Off the Chain newsletter by visiting offthechain.substack.com and join 35,000+ other investors currently subscribed to my daily investor letter.

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening
0:04.5	Off the Chain, simply the best podcasting crypto. Let's kick this thing off. Chris Sparks is one of the
0:12.5	top online poker players in the world and is the founder of the forcing function, a company which
0:18.3	is empowering the next generation of entrepreneurship by transforming
0:21.8	the way we think about work.
0:24.0	In this conversation, we discuss game theory, decision-making frameworks, how to control
0:29.5	emotions during times of stress, what it takes to walk away from imbalance risk-reward
0:34.6	scenarios, how poker lessons relate to business and investing, and why
0:39.3	routines are almost as important as plans. I really enjoyed this conversation, and Chris's
0:45.9	episode is super timely given all of the economic uncertainty that investors are facing today.
0:52.1	Also, don't forget, I don't just produce the podcast. Every morning,
0:56.9	I wake up and I write a letter to over 40,000 investors. If you want to subscribe, you can go to
1:03.8	pomp.substack.com, P-O-M-P-S-U-B-S-T-A-C-K.com.
1:13.1	Pomp.substack.com.
1:15.5	Go subscribe today, and let's get into the episode with Chris.
1:20.2	Anthony Pompliano is a partner at Morgan Creek Digital.
1:23.7	All opinions expressed by Pomp or his guests on this podcast are solely their opinions and do not reflect the opinions of Morgan Creek Digital or Morgan Creek Capital Management.
1:32.8	You should not treat any opinion expressed by Pomp as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion.
1:43.1	This podcast is for informational purposes only.
1:47.8	All right, guys, bang, bang.
1:50.8	I am here with Chris Sparks, who is one of the top poker players in the world.
1:57.0	And I wanted to have a conversation about risk management.
	...

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