Aaron Brown: The Poker Wizard of Wall Street, Part 2
Here in Part Two of our conversation, we take a closer look at Brown and the world of hedge funds - from his own life working at AQR Capital Management to the broader issues regarding the financial industry’s recent troubles.
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Poker dictionary:
- SCOOP - To take all of a pot that is normally split, either by winning both halves outright or winning one half when no players qualify for the other half.
- SHORT-STACKED - Playing with a only a small amount of money, thus limiting one's risk and reward.
- RUNNER-RUNNER - A hand made using both of the last two cards dealt.
- TABLE STAKES - A standard rule whereby during a hand players can only bet the money they have on the table. If the bet to a player is more than the player's stack, that player may call with all his chips and be eligible to win only that portion of the pot he contributed to equally. A side pot is created, for which only the remaining players may compete.
- POCKET ROCKETS - In Hold'em, a pair of aces for hole cards.
- STAND OFF - To call a raise. "Opener raises, I stand off".
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