Article: Poker Aces Playing in the $5 Trillion ETF Market
Susquehanna built its empire on poker. All six co-founders met in the late 1970s at the State University of New York at Binghamton, where they gathered to play cards before advancing to Las Vegas casinos. One of the six, Jeff Yass, had the insight that card skills could transfer to Wall Street. That bloomed into Susquehanna’s philosophy that poker provides the best training for the type of probability-­based decisions in uncertain circumstances that are needed in markets.

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“My friends and I took poker very seriously,” Yass said in an interview in the book The New Market Wizards: Conversations With America’s Top Traders by Jack Schwager, published in 1992. “We knew that over the long run it wasn’t a game of luck, but rather a game of enormous skill and complexity. We took a mathematical approach.”
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['Articles', 'Game Theory', 'Etf', 'Poker', 'Moviq']