DiscoverThe Business BrewEvan Tindell - Where Poker and The Market Collide
Evan Tindell - Where Poker and The Market Collide

Evan Tindell - Where Poker and The Market Collide

Update: 2022-09-15
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Description

Evan Tindell joins The Business Brew to discuss how his background as a poker player influences his investing philosophy, how he got started in the business, and he drops some knowledge about shorting. Bill reached out to Evan because Bill wanted to discuss position sizing and “Kelly betting,” which was the catalyst for this conversation.



Please pardon some construction noise in the beginning, the conversation’s quality is worth listening past some background noise.



You can follow Evan’s firm at https://www.biremecapital.com/ and Evan at @evantindell on Twitter (https://twitter.com/evantindell).



We hope you enjoy the conversation. Please leave us a rating in your favorite podcast player/app.



Detailed Show Notes

2:00 - Evan’s Background

7:20  - Overtrading

9:30  - How poker losses help investing

11:30  - How price impacts analysis

22:50  - Evan’s start as an asset manager

26:30 - Evan looks for cognitive reasons the market is wrong

28:00 - Evan’s view on size

33:30 - A Netflix Discussion

44:45 - Bet sizing

48:20 - Position sizing and merger arb

53:00 - Incentives and money management

57:26 - How to think about Kelly betting and risk reward throughout an investment

1:02:45 - Fighting the bias to sell early

1:05:43 - Shorting high value

1:10:50 - Managing shorting

1:23:00 - Twitter whistleblower discussion and wrap up

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Evan Tindell - Where Poker and The Market Collide

Evan Tindell - Where Poker and The Market Collide

Bill Brewster