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Most of the money you'll win at poker comes not from the brilliance of your own play, but from the ineptitude of your opponents.

Industry executives and analysts often mistakenly talk about strategy as if it were some kind of chess match. But in chess, you have just two opponents, each with identical resources, and with luck playing a minimal role. The real world is much more like a poker game, with multiple players trying to make the best of whatever hand fortune has dealt them. In our industry, Bill Gates owns the table until someone proves otherwise.

Old card players never die, they just shuffle away.

You have it in your power to turn a bad-beat around simply by realizing this simple truth: The more bad beats you encounter, the luckier you are. It's a sign that you are playing against opponents who continually take the worst of it, and if you can't beat someone who always takes the worst of it, you can't beat anyone.

[Poker is] as elaborate a waste of human intelligence as you could find outside an advertising agency.