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#29November 20, 201947:29

#27 - 10 Million Reasons Why He Plays Poker

Poker career and bankroll managementVipassana meditation and mental performanceLogical decision-making frameworksOvercoming depression and financial loss

About This Episode

Shaan Puri interviews professional poker player Faraz Jaka about his journey from a college student playing in dorm rooms to earning over $10 million in professional winnings. The episode explores the psychological highs and lows of high-stakes gambling, the importance of bankroll management, and how mental frameworks like Expected Value (EV) and non-results-oriented thinking apply to business and life.

Episode Description

Faraz Jaka (@FarazJaka) is a Poker pro who’s made $10M on the felt... What started out as a fun game during his spare time in college turned into big money FAST. Turning a few hundred dollars into $180k in 6 months as a 19 year-old. He was on top of the world appearing in articles, throwing massive parties, flying to Vegas every other weekend and ambitious plans to make millions a year… until it all came crashing down, went into debt and battled depression. Obviously, he rose from the dead and became hugely successful, so join this roller coaster story on My First Million, and also listen to how he uses the “+EV” method for all decision making, why you shouldn’t be results orientated, meditation exercises to overcome stress and tackling depression by confronting your issues like ‘folding a rug’.  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Adopt 'Plus EV' (Expected Value) thinking by weighing the probability of an outcome against its value to make more logical decisions in business and personal life.

2

Avoid being 'results-oriented' by evaluating the quality of a decision based on the information available at the time rather than the final outcome, which is often influenced by variance.

3

Develop a physical 'reset' protocol—such as wind sprints or cold showers—to snap out of 'tilt' and manage emotional stress when facing business setbacks.

Featuring

FJ

Faraz Jaka

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Quick Stats

Duration47:29
Guests1
Ideas Discussed0
Topics4