There are some who compare investing in stocks to gambling, but hedge fund manager David Einhorn of Greenlight Capital thinks that investing is much harder than poker, as reported by Gant Daily. While Einhorn has been delivering gains for his hedge fund, he is no mean poker player either, and has squared off with some of the best in the business. His poker playing wins are donated to charity, and he placed as high as 18th in the 2006 World Series for poker during which he made $660, 000, and in another contest, won $4 million.
While both investing and playing poker are like “solving a puzzle, ” Einhorn told Thinking Poker that stocks are more “multi-dimensional, ” than card games. Both are similar in that there are known factors about company, and cards you know you have in your hand, but the unknown details make both tricky. “With poker, you have a resolution of the hand within a couple of minutes, whereas, even if the thought process in investing is very much the same, you are looking at an outcome that could be 2, 3, 4, 5 years out from where you made the original decision. And the mindset related to that is very different.”
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Greenlight Capital is a “long and short value-oriented hedge fund.”
