How to Play Poker Like the Pros: A Conversation with Jonathan Little

At the age of 18, Jonathan Little opened an online poker account with a $50 deposit. By age 21, he had about $350,000 in his account. In this episode of the Entrepreneurship and Leadership Podcast, Jonathan Little explains how he was able to parlay his poker hobby into a profession by keeping his expenses low and saving his winnings. This frugality allowed Jonathan to play in bigger games and maintain a margin of safety that has lasted his entire career.  Now 37 years old, Jonathan continues to play poker professionally, recently ranking as high as the 24th best player in the world. He has written several books on poker strategy and teaches at https://pokercoaching.com.  At first glance, poker and entrepreneurship might appear to be very different activities; however, seasoned pros like Jonathan show how poker at its highest level is akin to investing. Each hand is like an investment opportunity. Playing a great hand is like finding an asymmetric investment opportunity. With each win, you can choose to reinvest or take the profits. Both activities rely on the power of compounding and risk mitigation. And, perhaps most significantly, both poker and entrepreneurship require humility and patience in the face of constant uncertainty. Follow Jonathan Little at: https://twitter.com/PokerCoaching_ https://twitter.com/JonathanLittle https://pokercoaching.com/home About NBN: The NBN Entrepreneurship and Leadership podcast aims to educate, inform and entertain, sharing insights based on the personal stories of carefully selected guests—all in an informal atmosphere of unscripted conversations and open, personal accounts. Find links to past episodes here. About our Hosts: Kimon Fountoukidis: Kimon is the founder of both Argos Multilingual and PMR. He founded both companies in the mid-90s with zero capital, and both have gone on to become market leaders in their respective sectors. Kimon was born in New York and moved to Krakow, Poland in 1993. He is passionate about sharing his success with others and working entrepreneurs of all kinds to help them achieve their goals. Listen to his story here. Kimon's on Twitter here. Richard Lucas: Richard is a business and social entrepreneur who has founded or invested in more than 30 businesses, including Argos Multilingual, PMR and, in 2020, the New Books Network. Richard has been a TEDx event organiser for years, supports the pro-entrepreneurship ecosystem, and leads entrepreneurship workshops at all levels. He was born in Oxford and moved to Poland in 1991, where continues to invest in promising companies and helps other entrepreneurs realise their dreams. Listen to his story in an autobiographical TEDx talk here. Richard is on Twitter here. Learn more about your ad choices. Visit megaphone.fm/adchoices