Poker and Life | Episode 38 | Everything is Everything
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- čas přidán 2. 07. 2024
- Understanding the foundations of poker can help you understand the foundations of life. How to think about the world -- and how to find peace.
Welcome to Episode 38 of Everything is Everything, a weekly podcast hosted by Amit Varma and Ajay Shah.
In this episode, Amit shares his learnings about the foundational principles of playing poker in a special presentation made for this show. Then Amit and Ajay discuss the life lessons that one can draw from poker.
You can read an archive of Amit Varma's Poker Column for the Economic Times here: indiauncut.com/category/range...
Oh, and Amit's newsletter is furiously active again, so do read and subscribe at indiauncut.substack.com/
If you like watching Everything is Everything, please like, subscribe, share, comment. :)
TABLE OF CONTENTS:
00:00 Packaging
00:13 Introduction: Public Demand!
02:24 Amit's Presentation: The Foundations of Poker
21:34 The Conversation Resumes
USEFUL RESOURCES:
1. Amit on Twitter: / amitvarma
2. Ajay on Twitter: / ajay_shah
3. The Seen and the Unseen -- Amit's audio podcast: seenunseen.in/
(Also on all podcast apps. And CZcams, though less than 1% of listens come from here: www.youtube.com/@TheSeenAndTh...)
4. Ajay's organisation, XKDR Forum, on CZcams: / @xkdr
5. In Service of the Republic -- Vijay Kelkar and Ajay Shah: amzn.eu/d/hwGILb3
6. The Art of Clear Writing -- Amit's writing course: indiauncut.com/clear-writing/
7. The India Uncut Newsletter -- Amit's newsletter at indiauncut.substack.com/
8. The UNIX Episode -- Episode 32 of Everything is Everything: • The UNIX Episode | Epi...
9. Superforecasting -- Philip Tetlock and Dan Gardner: amzn.eu/d/dU2Qxtm
Some of Amit's columns that are relevant to this subject:
1. What cricket can learn from poker: www.thecricketmonthly.com/sto...
2. Luck is All Around: indiauncut.com/luck-is-all-ar...
3. The Bookshop Romeo: indiauncut.com/the-bookshop-r...
4. The Answer is 42: indiauncut.com/the-answer-is-42/
5. The Balancing Act: indiauncut.com/the-balancing-...
6. Miller’s Pyramid: indiauncut.com/millers-pyramid/
7. Om Namah Volume: indiauncut.com/om-namah-volume/
8. Unlikely is Inevitable: indiauncut.com/unlikely-is-in...
9. Why I Loved and Left Poker: indiauncut.com/why-i-loved-an...
Produced by Amit Varma
Shot by Vaishnav Vyas and Nomsita MS Haritashya: / vaishnav.vyas
Edited by Nomsita MS Haritashya: / nomsitaharitashya
The AMAZING ADDITIONAL DESIGN on the poker presentation also by Nomsita MS Haritashya
Thanks to Gaurav Chintamani for helping with sound: / gaurav_chintamani
Chapter images & additional illustrations by Simahina: / i_am_simahina
You guys are intellectual magnets not dumb. That is why I am here before going to Friday prayers.
Thank you!
@@amitvarma and I'm here instead of Sunday!
Criminally short episode : (
Let’s not be greedy now, brother
One of the most +EV things about playing poker for me was meeting folks like you which then got me following "the seen and the unseen" and its superb guest list and "everything is everything" and Ajay Shah!
Thanks Vinay!
Amit , this was the episode we were most looking forward to! You’ve got to make a longer one mate!
I just wanted to do foundational principles. There are better places to go to if you want to actually learn poker!
Incredibly interesting. Please release a part 2 :)
What a dense and immaculate presentation. I was a double blind all my life.
great discussion! It has been my addiction now to listen to both of you..😊
you must be aware about "Thinking in Bets" by Annie Duke..
One quote I remember from Nassim Taleb that is relevant to Ajay sir's point is "We can't blow up, we can only bleed to slow death"..
This entire series of episodes is so exciting, and thank you both for pushing the limits of our knowledge. I have some suggestions for future episodes (in fact, it will be great to know your detailed views on the following) -
1. Energy crisis and climate change - I am sure you will combine this with geopolitics.
2. The constitution of India - there have been some comments here and there, but it would be great if there was an entire episode on your views on whether the constitution is as 'transformative' as it is often claimed to be.
3. You have spoken about the evolution of markets and firms - it would be great if some insights were shared on the evolution of the Indian State and its many institutions, including the SPVs, etc. And some critical insights on public-private partnerships (when they fail or succeed).
4. I loved the Bruce Springsteen episode. We need more music in our lives and also in 'E is E'. Please consider talking more about music and popular culture.
Thank you Rutul and we value your presence in these pages. Yes we will build on these directions.
Very profound episode. So much insight!
Thanks Ajay and Amit for sharing your great thoughts.
Almost i have Seen your Every Episode it is really helpful to think in different way…
Thanks
Your both r doing a great job 👏
Very interesting episode! Thank you Mr. Varma and Dr. Shah for a short but lovely exchange. Wishing this podcast all the success!
(I wonder if starting a podcast in a short-form heavy market was a +EV decision or do the creators recognise their own skill at curating genuinely engaging conversations! 😅)
Ajay sir pls tell about NSE in detail
Come on, only 34 minutes!
Yeah, but we did pack in a fair bit!
How long should a man's legs be? Long enough to reach the ground.
Excellent
The episode was too short guys 😀.. Amit, you could have also added some interesting stories from your poker playing days.
34 minutes?? Blasphemy. On another note, nice shirt amitbhai.
yeah! love this shirt! I've got it from HnM😂
H&M is awesome.
Which online sites does Mayank play?
I don't believe I understand why the probability is 38%, that implies that there are 24-25 cards remaining in the deck after the flop.
But in the given table, we will have 21 cards dealt at the end of flop => 31 cards remaining, even with the burn(ing) of cards, we'd have 29 remaining correct?
I am not sure if that computes to 38%, can someone please help with the math?
I am getting 9%, also I studied probability ages ago, so I am definitely missing something :(
I just posted a reply with a link to a simulator, but it seems YT didn't like that link, lol, so here goes again.
There are 45 unknown cards left in the deck -- the burn cards and folded hands are unknown, so that's 52 minus the 7 we know -- and of those 45, there are nine hearts that will give us a nut flush. The chance of your winning the hand by hitting one of them in the two cards yet to come are indeed 38%. (It would be around 40%, but the AA will turn into a full house 1.82% of the time making flushes redundant.) Any of the simulators/odds calculators online will show you this, so don't take my word for it!
Oh okay, I’ll check that out. Thanks for responding! Your videos make me think and analyze, thanks for doing this ❤
Acharya Amit
Mere 34 minutes! That's the real tragedy Amit! Anyway, your cool shirt compensates for it.
What took you so long. Wheeeee!!
What. Only 34 minutes long. 🤧
Spotify when.
Soon.