Poker Brat (Phil Hellmuth)

Trader's Library #63 · Risk, chance and decisions. A poker champion on how ego can get in the way even of a winner.

Author: Phil Hellmuth · Original: Poker Brat · Year: 2017 · Usefulness for traders: ★★☆☆☆

What it's about

The autobiography of one of the most decorated tournament poker players, known for his explosive temper at the table.

What it gives a trader

The value for a trader is an example of how ego and emotions affect play even in a champion. Hellmuth himself admits his outbursts cost him money.

Lessons for traders

• emotions at the table cost money, even for the best
• ego is the enemy of a good decision (self-serving bias, Atlas of biases #14)
• a long career requires looking after your health and relationships

What to watch out for

Mostly memories and anecdotes, little about the decisions themselves.

Discussion

The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →

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Educational content, not investment advice. The book description is my own summary and assessment, not quotations. Edition details were checked in catalogues and bookshops, and where there was doubt I said so plainly.