Phil Gordon on Adapting to Change

Gordon:    As a poker player, you can’t have a consistent style and be successful over time.  Your opponents come to know how you play and they will devise a strategy to beat you, if they’re any good.  So, while you can have overarching tendencies, you really can’t stick with one way to play and be successful, and I think that’s pretty much the same for business.  It’s either evolve or die, and your strategy at the poker table and in tournaments has to evolve over time depending on the circumstances in that tournament and your strategy in business has to evolve.  Your competitors are always trying to get the best of you, and if you don’t take advantage of holes that they open up or holes that they attempt to close, then you can be pretty sure that your business isn’t going to last very long.  Same thing at the poker table.  What strategy that may be working perfectly in the early stages of the tournament may be suicide in the middle stages of the tournament, and you always have to be both aware of your image at the table and what your opponents think of you and then try to constantly rearrange your strategy so that they are doing the wrong thing against you at the right time. 

Phil Gordon says that with every hands comes an opportunity to pivot.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Wealth inequality is literally killing us. The economy should work for everyone.

This economy has us in survival mode, stressing out our bodies and minds.

Videos
  • Economic hardship is linked to physical and psychological illness, resulting in added healthcare expenses people can't afford.
  • The gig economy – think Uber, Lyft, TaskRabbit, Handy – is marketed as a 'be your own boss' revolution, but it can be dehumanizing and dangerous; every worker is disposable.
  • The cooperative business model can help reverse wealth inequality.
Keep reading Show less

The most culturally chauvinist people in Europe? Greeks, new research suggests

Meanwhile, Spaniards are the least likely to say their culture is superior to others.

Image: Pew Research Center
Strange Maps
  • Survey by Pew Research Center shows great variation in chauvinism across Europe.
  • Eight most chauvinist countries are in the east, and include Russia.
  • British much more likely than French (and slightly more likely than Germans) to say their culture is "superior" to others.
Keep reading Show less

People who engage in fat-shaming tend to score high in this personality trait

A new study explores how certain personality traits affect individuals' attitudes on obesity in others.

Pixabay
Mind & Brain
  • The study compared personality traits and obesity views among more than 3,000 mothers.
  • The results showed that the personality traits neuroticism and extraversion are linked to more negative views and behaviors related to obesity.
  • People who scored high in conscientiousness are more likely to experience "fat phobia.
Keep reading Show less