Most people might not make the connection, but stock market trading and poker have a lot in common.
Between the two, participants are always managing money in close proximity with others, they are competing against one another by betting on or against certain outcomes and they can only rely on the information at hand to make the best and most informed decision.
So, it should come as no surprise that stock market traders enjoy the excitement of a little high-stakes poker action. Not only that, but they excel at the sport.
To capitalize on the interest among traders, officials organized a Wall Street poker event on 30th January to raise funds for the Intrepid Fallen Heroes Fund, Wall Street Warfighters Foundation and the Marine Corps Scholarship Foundation. The winner would be awarded a reserved seat at this summer’s World Series of Poker.
Organizations in attendance at the event included Goldman Sachs, J.P. Morgan, Drexel Hamilton, Greenlight Capital, Pine River Capital, Davidson Kempner Capital Management, SAC Capital Advisors, Sanford C Bernstein & Co. and Magnitude Capital.
Several of the participants themselves had served in the armed forces and were eager to support the event’s charity recipients. One serviceman stationed overseas even participated in the event remotely. Some, including Goldman Sachs associate and Army National Guard Staff Sergeant Eric Ceglowski, are scheduled to deploy to Afghanistan within the next month.
Jacob Rejwan would go on to win the tournament with an all-in hand head’s up against 2nd place finisher, Ramy Saad. Rejwan will participate in this summer’s WSOP in Las Vegas, Nevada.
