The Poker MBA

The Poker MBA: Winning in Business No Matter What Cards You're Dealt

 Greg Dinkin (Author), Jeffrey Gitomer

Take a look at the amazon.com book description:

The world of poker is the real world. Risk and reward are measured every second of the game. The same is true in business. An MBA is a nice credential, but the first step to business success is knowing how to read others, when to bluff, and when to walk away—no matter how high the stakes. The same is true in poker.

In The Poker MBA poker professional and MBA Greg Dinkin and bestselling author Jeffrey Gitomer show you how to apply the skills acquired at the poker table to all levels of business. By using the principles outlined in this book, you will achieve an edge over your competition and learn skills that aren’t taught in a traditional business school program. Shrewd poker players and their business counterparts are not born that way—they learned their craft, and you can, too.

There is no better training ground for business than a poker game, where your ability to think strategically and make split-second decisions determines whether you cash out a winner. A world-champion poker player like Amarillo Slim and a world-class businessman like Bill Gates each possess the same set of skills. Both men are:

* Strategic thinkers
* Shrewd decision makers
* Adept at reading others
* Able to recover from a loss
* Good enough actors to “fake it” and win—they can bluff

Whether you are an intern, a department manager, a salesperson, an entrepreneur, or the CEO of a major company, basic poker skills can be used to add to your business success. By understanding winning poker strategy, you’ll learn how to read people, close deals, negotiate contracts, motivate employees, build a brand, create customer loyalty, and make day-to-day business decisions that will contribute to your bottom line.

The Poker MBA takes you inside the high-stakes world of poker to show that winning at poker and winning at business are one and the same. Through the lens of poker, readers will learn sophisticated concepts such as expected value, regression to the mean, and discounted cash flows—all in a format that is entertaining and easy to understand.
If you see things from the perspective of others, the odds will fall in your favor, and you will be a winner in the long run. This book shows you how to use the traits of a poker professional to become a better risk taker and decision maker in order to profit more in business.

A poker book? Sure.

A business book? Absolutely.

But more important, The Poker MBA is a money book. Read it and you will improve your ability to think and execute so that the odds stay in your favor and you leave the game a winner.

http://www.thepokermba.com/
http://www.thepokermba.com/pages/intro.html

Haralabos Bob Voulgaris

This summary is not available. Please click here to view the post.

JEMMY WOOD, first commoner to become millionaire

James Wood 1756-1836

Jemmy was the first commoner to become millionaire, but was famous for being a miser. He is mentioned in Charles Dickens' book "Our Mutual Friend", and may have inspired Dickens to create "Scrooge".

An Eccentric Banker, Draper, Undertaker and Miser?

He made his fortune by running the 'Gloucester Old Bank' in Westgate Street. There were many stories about his meanness including that he dressed in shabby clothes, and even turned down the Mayor's job because of the expense. He was disliked so much that a newspaper reported that crowds jeered and threw stones at his coffin during his funeral in St Mary de Crypt Church. However, he may have been less mean than is generally thought. According to his diaries he had a busy social life, and enjoyed good food.

http://archive.today/zBgJ#selection-245.1-293.510

https://en.wikipedia.org/wiki/Jemmy_Wood

Al Capone business how to

Al Capone was taking in about $105,000,000 a year in revenues in the 1920's, or about 1.4 billion in today's dollars.

At 21 years old, he was an unknown bartender and bouncer. But by the age of 28, he was one of the richest and most powerful gangsters in the world. From these days, his name will forever synonymous with the word gangster.

It is estimated that by 1929, Al Capone's income from the various aspects of his business was $60,000,000 (illegal alcohol), $25,000,000 (gambling establishments), $10,000,000 (vice) and $10,000,000 from various other rackets. It is claimed that Capone was employing over 600 gangsters to protect this business from rival gangs.

Here is a very interesting text by Jeanette Mulvey, (BusinessNewsDaily Managing Editor)

Business Advice from Uncle Al ... (Capone, That Is)

Al Capone might not have been your typical entrepreneur. After all, he was convicted of tax evasion and was actively involved in prostitution, bribery, smuggling and selling illegal booze. But just because his business wasn't legal doesn't mean Capone didn't know a thing or two about running a successful operation. In fact, Capone owned more than 300 businesses and knew how to get things done and command respect and loyalty from his employees.

In fact, Capone's business acumen may well have been one of his greatest assets, according to Deirdre Marie Capone, Al Capone's grandniece who lived in the house of her famous (and favorite) uncle. Capone, the last member of the family born with the Capone name, authored an explicit memoir that details her efforts to hide the fact that she was related to Capone and recounts her decision to eventually embrace her name and family history.

The book, "Uncle Al Capone…The Untold Story From Inside His Family" (Recap Publishing, 2011), tells many never-before-known facts about this iconic figure's life, death and business dealings.

In the book, she recalls what life was like as a child growing up in the Capone household and shares fond memories of the man who taught her to ride a bike, swim and play the mandolin. 

Capone said she knows what the "family" was really like, and what the "outfit" was all about. In her tell-all book, she shares details untold until now, including her claims that that Ralph (Al's older brother) and Al Capone lobbied the Nevada legislature to legalize gambling, alcohol and prostitution in that state; that they were the owners of the first upscale casino in Las Vegas way before Bugsy Siegel came to Vegas, and what really happened in the St. Valentine's Day Massacre.

In an exclusive interview with BusinessNewsDaily, Capone gives us some business tips that could have come directly from her notorious uncle.

• You're only as good as your word. Al Capone ran a very efficient business, she said. He taught every person who worked for him: "Your word should be your bond."
• Remember where you came from.When Al Capone saw one of his employees strut around acting like a big shot, he would tell him: "Don't let your head get too big for your hat."
• Be honest with your business partners. Ralph and Al Capone needed to give orders just once to the employees and they were expected to do their jobs correctly. Al Capone would instruct them, "Don't lie to the people you work for."
• Remember, it's never easy. Al Capone at one time ran more than 300 different establishments. When a reporter wrote about how easy it was for him to make money, he was quoted as saying. "Find out what it's like to run a business and meet a payroll."
• Earn your customers' loyalty. Al Capone supplied good quality alcohol to the citizens in Chicago from 1920 to 1931 during Prohibition. He was quoted by a reporter as saying "Be loyal to friends and invincible to enemies."

Source:
http://www.businessnewsdaily.com/2049-al-capone-business-advice.html

Here is another interesting text named Mob Movie Lessons: The Untouchables published by Mr. Mafioso on Askmen.com

A kind word and a gun

In The Untouchables, Capone says: “You can get more with a kind word and a gun than you can with just a kind word alone.” This statement is the foundation of Capone’s kingdom. He ran Chicago and he took over the bootlegging racket because he was feared. I’m not saying violence is the answer, but what I am saying is that a Mafioso is feared. In the movie, Capone blows up a bar that wouldn’t buy his beer. What do you think the next bar owner is going to do? He’s going to buy Capone’s beer because he fears him. You don’t need to blow anything up, but people gotta understand that you mean business.

Bribe if need be

Another trademark of Alphonse Capone that was shown in The Untouchables was his success in bribing city officials. He knew where and when Eliot Ness was going to organize a raid because half the city’s police force was on his payroll. His men had permits to carry concealed weapons signed by the mayor. Why? Because the mayor was on his payroll. When he goes to court, the jury is paid off and the judge is paid off. Capone made sure that the city officials ran the city the way he wanted them to. He knew that whatever money was spent in bribing officials was a good investment. He was a master at bribing people, and Capone showed that bribery can go a long way.

Get the right people

After his first alcohol raid failed miserably, Eliot Ness realized he had the wrong people. His answer came from the Irish beat cop Malone (Sean Connery) who said: “If you don’t want rotten apples, don’t get them from the barrel — get them from the tree.” Ness couldn’t work with the Chicago police force because most of the force, including the chief of police, were being paid off by Capone. Instead, Ness and Capone go to the Police Academy to recruit "greenies" who hadn’t been corrupted yet. His crew was small, but Ness had the right people on board.

Cover all your tracks

Capone was good about keeping himself out of trouble; he covered his tracks well, but he didn’t cover all of his tracks. He hadn’t paid an income tax in years. In fact, Capone showed no income at all on his tax documents. It was this discovery that eventually brought him down on income tax evasion charges. Had he only showed a small income, had he but paid a small amount of taxes, the story of Al Capone might have ended much differently. He might have been around much longer and grown his empire much larger. That’s why you gotta cover all your tracks; you could go down because of the smallest thing. You can never be too thorough when covering your tracks.

stronzo scene

Alphonse Capone’s first big mistake was to publicly show off what he had accomplished. Instead of laying low and enjoying his position at the top of the Chicago food chain, Capone spoke to reporters constantly. He made sure everyone knew just how successful he was. He owned and lived in the Lexington Hotel. Everything he did was eccentric and extravagant. That was all well and good in Chicago, where he had even the Mayor on his payroll, but once the federal government took notice, his demise began. Run your rackets and keep your head low. Don’t make yourself a celebrity and your operation will last a lot longer, capisce?

Source: http://ca.askmen.com/money/mafioso_200/221_mob-movie-lessons-ithe-untouchablesi.html

http://www.businessnewsdaily.com/2049-al-capone-business-advice.html
http://spartacus-educational.com/USAcapone.htm
http://ca.askmen.com/money/mafioso_200/221b_mob-movie-lessons-ithe-untouchablesi.html

Eric Grenier

Un personnage fascinant qui pretendait etre le Hugh Hefner du Quebec...

A shady businessman who pretended to be the Hugh Hefner of Quebec...










Propriétaire du bar de danseuses Le Garage, à Mirabel, du magazine pour adultes Québec Érotique ainsi que de plusieurs salons de massage, Éric Grenier - le bum de la télésérie.


Éric Grenier est un homme d’affaires pas comme les autres. Originaire de Val-d’Or, en Abitibi, il s’est installé à Montréal il y a une dizaine d’années (2000). « J’ai d’abord ouvert un centre de jardinage, puis le club (de danseuses) Le Garage et des salons de massage. J’ai aussi fondé la revue Québec érotique », explique M. Grenier en entrevue. Le Garage est une boîte aux allures de discothèque et l’établissement peut accueillir 400 personnes.



Éric Grenier, qui se décrit comme un amateur de designers italiens, du soleil du Mexique, de bijoux, de femmes sexy et de tatouages, il porte également au cou une chaîne avec un médaillon frappé de l'inscription 666 en guise d'appui aux Hells Angels.

«Il ne porte pas de veston ni de cravate mais il affectionne les designers italiens, les bijoux, le soleil du Mexique, les femmes sexy et les “tattoos”»,

«Dans ce milieu-là, tu côtoies un paquet de monde. Si j'étais si proche que ça des motards, je serais en prison. Je suis encore en liberté, je suis un honnête citoyen et j'ai une montre de 100 000 $ dans le bras»,

 Produit par IDI, une compagnie appartenant à Anne-Marie Losique, Le bum, les belles et la brute se décline en six épisodes de 30 minutes qui détaillent le mode de vie extravagant d'Éric Grenier : virées en hélicoptère, lave-auto sexy et autres tournois de golf extrêmes. Le tout, sans tabous.


Au printemps 2010, Éric Grenier, qui est également propriétaire du magazine Québec Érotique et de plusieurs salons de massage, avait également fait les manchettes lorsqu’il s’était associé à un docu-réalité produit par Anne-Marie Losique et appelé Le bum, les belles et la brute.

Éric Grenier, qui porterait continuellement des breloques démontrant son appui aux Hells Angels, aurait des liens avec plusieurs hommes d’affaires des Basses-Laurentides, notamment à Terrebonne. Il est vu régulièrement aux galas de boxe et de combats extrêmes.

L’entreprise d’Éric Grenier emploie 100 personnes. « C’est beaucoup de monde à gérer, mais j’ai une bonne équipe avec moi », ajoute M. Grenier.


On Nov. 20, 2012, Grenier, who claims to be a professional poker player making $50,000 annually

The 41-year-old businessman admitted in a Quebec court that he paid no income tax despite owning five businesses.




La poursuite faisait valoir que Grenier avait joué un rôle de financier et de chef d'orchestre des importations, qu'il a été motivé par l'argent, «qu'il a opéré plusieurs entreprises rentables durant des années et qui pouvait gagner jusqu'à 50 000$ par année durant des tournois professionnels de poker».

Il déplorait la saisie de 20 kilos de cocaïne et précisait avoir perdu $500,000 qu'il avait investis pour l'achat de la drogue.

Les démêlés d’Éric Grenier avec la justice

Hiver 2010

Ses liens avec les Hells Angels sont révélés devant la Régie des alcools, des courses et des jeux, alors qu’on l’empêche d’acquérir un bar de la rue Sainte-Catherine.

10 juillet 2010

Dans un litige impliquant la revue Québec Érotique, le juge Pierre Nollet reproche à Éric Grenier de vivre «en marge de la loi». Grenier lui avait admis qu’il ne déclarait aucun revenu à l’impôt, malgré ses cinq entreprises. À lui seul, son magazine générait des revenus de 400 000 $ par an.

24 juillet 2011

Il est arrêté pour avoir menacé des patrouilleurs nautiques du Service de police de la Ville de Montréal dans une écluse entre les lacs Saint-Louis et des Deux-Montagnes. Il leur aurait dit qu’il «connaît du monde» dans le milieu criminel et qu’il n’y avait «rien de plus facile» que d’en trouver «pour moins de 100 $» afin de tabasser les policiers.

Novembre 2012

À la suite d’une enquête des policiers de la Drug Enforcement Administration (DEA) américaine, il est arrêté au Pérou, où il participe à un tournoi de poker, afin d’être extradé à New York pour y avoir comploté l’importation de 20 kg de cocaïne. Il est reconnu coupable en mars 2014.

Juillet 2014

Un homme d’affaires de Terrebonne a tenté de réclamer 286 623 $ pour un bateau abîmé au lac des Deux-Montagnes. La réclamation lui a été refusée puisqu’il ne servait que de prête-nom: le vrai propriétaire de l’embarcation est Éric Grenier, a conclu le juge François Duprat.




Mon Verdict / My two cents

Un gars devenu riche (en tout cas en apparence) a partir de rien. Quoiqu'un sejour en prison (enfer) au Perou, ca n'a pas de prix!


It's all about the Money! But don't mess with the law!

http://fr.canoe.ca/cgi-bin/imprimer.cgi?id=606416

Glengarry Glen Ross Alec Baldwin speech

Glengarry Glen Ross is the story of a bunch of real estate agents who must sell or be fired. Which gave birth to one of the most inspirational speech ever given on a movie screen.

His watch worth more than your car.

Plot Summary : High-pressure salesman are always walking a thin, dangerous line between their main purpose in life (which is to deceive) and how they must appear (which is honest and genuine) . Whether or not a salesman truly believes he is selling a good product is immaterial. His main function is tell you what he thinks you want to hear so you will buy. He has to seem like he's doing you a favor by letting you buy from him. 
In an unforgettable scene near the beginning of the film, a corporate man named Blake (played with pompous intensity by an unusually effective Alec Baldwin) comes down to the small, crowded real estate office for a little pep talk with the salesmen. Actually, it's more like hazing. According to Blake, the top salesman wins a Cadillac, runner-up wins a set of steak knives, and everyone else is fired.   (source)


Tremendous motivation speech from master salesman Blake (Alec Baldwin) in 1992 movie Glengarry Glen Ross

Always
Be 
Closing

Attention 
Interest 
Decision
Action

Video: Glengarry Glen Ross, New Line Cinema 1992



Here is the entire Alec Baldwin's speech transcript


Alec Baldwin: Let me have your attention for a moment. 'Cause you're talkin' about what...you're talkin' 'bout...bitchin' about that sale you shot, some son of a bitch don't want to buy land, somebody don't want what you're selling, some broad you're trying to screw, so forth, let's talk about something important. Are they all here?

Kevin Spacey: All but one.

Baldwin: Well, I'm going anyway. Let's talk about something important. (sees Lemmon pouring coffee). Put that coffee down. Coffee's for closer's only. You think I'm fuckin' with you? I am not funkin' with you. I'm here from downtown. I'm here from Mitch and Murray. And I'm here on a mission of mercy. Your name's Levine?

Jack Lemmon: Yeah.

Baldwin: You call yourself a salesman, you son of a bitch.

Ed Harris: I don't gotta listen to this shit.

Baldwin: You certainly don't pal 'cause the good news is you're fired. The bad news is you got all you got, just one week to regain your job, starting with tonight, starting with tonight's sits. Oh, have I got your attention now? Good. 'Cause we're adding a little something to this month's sale contest. As you all know, first prize is a Cadillac El Dorado. Anybody want to see second prize? Second prize is a set of steak knives. Third prize is your fired. You get the picture? You laughing now? You got leads. Mitch and Murray paid good money. Get their names to sell them. You can't close the leads you're given, you can't close shit, you are shit, hit the bricks pal and beat it 'cause you are going out.

Lemmon: The leads are weak.

Baldwin: The leads are weak. The fuckin' leads are weak? You're weak. I've been in this business 15 years ...

Harris: What's your name?

Baldwin: Fuck you, that's my name. You know why mister? Cause you drove a Hyundai to get here tonight, I drove an 80,000 dollar BMW. That's my name. (To Lemmon) And your name is you're wanting. You can't play in the man's game, you can't close them? Then go home and tell your wife your troubles. Because only one thing counts in this life. Get them to sign on the line which is dotted. You hear me you fuckin' faggots.
(Flips the blackboard)

ABC. A, Always, B, Be, C, Closing. Always be closing. Always be closing. AIDA. Attention. Interest. Decision. Action. Attention. Do I have your attention? Interest. Are you interested? I know you are 'cause it's fuck or walk. You close or you hit the bricks. Decision. Have you made your decision for Christ? And action. AIDA. Get out there. You got the prospects coming in, you think they came in to get out of the rain? A guy don't walk on the lot lest he wants to buy. They're sitting out there waiting to give you their money. Are you going to take it? Are you man enough to take it? (To Harris) What's the problem, pal?

Harris: You, boss, you're such a hero, you're so rich, how come you're coming down here and wasting your time with such a bunch of bums?

Baldwin: You see this watch? You see this watch?

Harris: Yeah.

Baldwin: That watch costs more than your car. I made 970,000 dollars last year, how much you make? You see pal, that's who I am, and you're nothing. Nice guy? I don't give a shit. Good father. Fuck you, go home and play with your kids. You want to work here, close. You think this is abuse? You think this is abuse, you cock-sucker. You can't take this, how can you take the abuse you get on a sit. If you don't like it, leave. I can go out there tonight, the materials you got, make myself 15,000 dollars. Tonight. In two hours. Can you? Can you?

   Go and do likewise. AIDA. Get mad you son-of-a-bitch. Get mad. You know what it takes to sell real-estate? It takes brass balls to sell real estate. Go and do likewise, gents. The money's out there, you pick it up, it's yours, you don't, I got no sympathy for you. You want to go out on those sits tonight and close, close, it's yours, if not, you're going to be shining my shoes. And you know what you'll be saying. Bunch of losers sitting around in a bar: ''Oh yeah, I used to be a salesman. It's a tough racket.''

   These are the new leads. These are the Glengarry leads. And to you, they're gold. And you don't get them. Why? Because to give them to you is just throwing them away. They're for closers.  I'd wish you good luck, but you wouldn't know what to do with it if you got it. (To Harris) And to answer your question, pal: Why am I here? I came here because Mitch and Murray asked me to, they asked me for a favor. I said the real favor, follow my advice and fire your fuckin' ass because a loser is a loser.




http://www.themillionairefastlane.com/11-poverty-traps.php
http://www.infusionsoft.com/blog/glengarry-glen-ross-speech-it-good-branding-advice
https://www.newscastic.com/news/glengarry-glen-ross-speech-for-journalists-2511807/
http://yu.ac.kr/~bwlee/esc/baldwin.htm

Billionaire Gambler mission

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Mr. Burns business tips

Mr. Burns: "I'll bide my time. Revenge is a dish best served cold."

Mr. Burns: "Look Smithers, a blue-collar bar. Let's go slumming."

Mr. Burns: "This is the type of trickery I pay you for."

Mr. Burns, after turning on his lamp: "Ahh!! 60 watts? What do you think this is, a tanning salon!?!"

Mr. Burns: "What good is money if you can't use it to strike fear into the hearts of men."

Mr. Burns: "It's ironic, that this anonymous clan of slack-jawed troglodytes has cost me the election, and yet if I were to have them killed, I would be the one to go to jail! That's democracy for you."

Mr. Burns: "Oh, so mother nature needs a favor? Well, maybe she should have thought of that when she was besetting us with droughts and floods and poison monkeys."

Mr. Burns: "I don't have the strength to take it out on you, Smithers."

Mr. Burns: "I'll keep it short and sweet. Family. Religion. Friendship.
These are the three demons you must slay if you wish to succeed in business."

Mr. Burns: "Cheating is the gift man gives himself."

Mr. Burns: "My voice is giving out so I'm going to poke you for an hour or two."

Mr. Burns: "You sold weapon-grade plutoneum to the Iraqies without a mark up."

Mr Burns: "Oh, yes, sitting---the great leveler.
From the mighiest pharoh to the lowliest peasant,
who doesn't enjoy a good sit?"

Mr. Burns: "Restore my office, cancel all repairs,
and rehire that chap (Homer Simpson) who sassed me in the bar."
Smithers: "But why?"
Mr. Burns: "Because I keep my friends close, and my enemies even closer."

Smithers: "There is a small boy on the grounds."
Mr. Burns: "Release the hounds."

Source: http://www.callycumla.com/mr_burns.htm

Jordan Belfort vs Gordon Gekko

    

“Of all the drugs under God’s blue heaven, there is one that is my absolute favourite,” he says as the camera trains on DiCaprio cutting an enormous line with his credit card. “Enough of this shit will make you invincible — able to conquer the world and eviscerate your enemies,” he explains, staring at the drug. Unfolding the hundred-dollar bill he’s just used to snort powder up his nose, he clarifies that he’s talking about the money.

GEKKO VS THE WOLF: THE FATTEST LINES

Gordon Gekko

• “The point is, ladies and gentlemen, that greed, for lack of a better word, is good.”
• “What’s worth doing is worth doing for money.”
• “It’s all about bucks, kid. The rest is conversation.”
• “Lunch is for wimps.”
• “We make the rules, pal. The news, war, peace, famine, upheaval, the price per paperclip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it.”
• “If you need a friend, get a dog”

Jordan Belfort

• “Money doesn’t just buy you a better life, better food, better cars, better pussy — it also makes you a better person.”
• “The year I turned 26 I made $49 million, which really pissed me off because it was three shy of a million a week.”
• “I am not gonna die sober!”
• “I’ve been a poor man, and I’ve been a rich man. And I choose rich every fucking time.”
• “My Ferrari was white like Don Johnson’s in Miami Vice, not red.”

Source:
http://www.standard.co.uk/lifestyle/london-life/the-wolf-of-wall-street-why-londons-bankers-love-reallife-fraudster-jordan-belfort-9064038.html

Mitt Romney vs Mr Burns