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Can playing poker make you a better businessperson?

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Poker has undergone a renaissance unlike any other card game in the last decade. Online poker brought in over $200 million per month in 2005, according to Digital Journal. Some companies that operate online poker rooms have even gone public. In 2004, Sportingbet Plc acquired ParadisePoker.com to become the largest public online poker company. Less then a year later, Party Gaming went public on the London Stock Exchange with an IPO of about $8 billion.

But poker isn't just about making money at the table (virtual or otherwise.) Harvard Professor Charles Nesson believes that the game can actually make you a better businessperson. According to Nesson, poker teaches you the two most important business skills: making a good investment, and being able to discern your opponent's strategy.

Does this mean that Microsoft's (MSFT) Bill Gates could give Doyle Brunson a run for his money? Or that Berkshire Hathaway (BRK-A) CEO Warren Buffett could school Phil Ivey? Well…maybe not. But these CEOs know as well as any poker player that in business you need to know when to hold 'em, and when to fold 'em.

Join Hoofy and Boo as they explore whether card playing skills really do stack the deck in your favor.

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No positions in stocks mentioned.

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