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Old 09-02-2006, 10:08 PM
Scorpion Man Scorpion Man is offline
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Join Date: Dec 2004
Location: Bay Area, CA
Posts: 615
Default It\'s time for poker players to start putting their money to work.

I am in my late 30s and retired from the hedge fund business. Went to top schools, MBA, etc.

Ok, that was fun to brag.

Now the meat of the post. I know eventually I am going to get bored (wife won't let me play poker all the time)...but I find the poker world interesting (and I think related to skills necessarily for stock selection). I have been trying to come up with unmet needs in the poker community that could be attacked from a business standpoint. I don't have to work, but I like to pursue interesting ventures. One thing that strikes me from reading these boards, in general, is that many of the folks here have amassed cash earnings that outstrip their investment acument (which puts them in good company with most people in the US). I am wondering if there is an opportunity to focus on the investment needs of this niche.

My guess is the main problem is that, for all the success of the professional poker players, there are not that many who have real bankrolls that are investable (say, at least $100k). But I might be wrong. I am confident that these people would be well served by having their investment program directed by experienced professionals...and the key is to avoid the usual (1) b.s. weasel wire tips which are the blind leading the blind and (2) the usual weasel brokers (i am not a broker) who would be selling cars if not selling stocks and don't know what they are doing.

Any thoughts? I have relatives who play poker professionally and I direct their portfolios...I know that it has made a significant difference for them and I assume the situation is similar for others. In addition it would be an opportunity to get educated about portfolio management so that folks could ultimately have a more participatory role in the management of their money.

I think I am unusual in that I have managed billions but am now a degenerate lurker on these boards. Maybe I can combine the two.
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