Lesson Seven: Chasing Is for Dogs

Lesson Seven: Chasing Is for Dogs

Imagine winning half a million dollars in a poker game, but that very luck causes you to ultimately lose 2 million dollars. This is exactly the story of Nick “The Greek” Dandolos, who faced Johnny Moss, one of the best poker players, in Las Vegas in 1949. With a bold move and thanks to luck, Dandolos won half a million dollars from Johnny Moss. But this momentary win was the beginning of a great defeat.

The Battle Between Two Legends

The story of Nick and Johnny Moss in poker marked the beginning of a new era in the game. Nick “The Greek” Dandolos came to Las Vegas claiming that he had defeated all the great players in the eastern United States and was seeking the biggest poker game in the world. He approached Benny Binion, the owner of the Horseshoe Casino, and requested a no-limit poker game with the highest stakes. Binion chose his old friend Johnny Moss for this game.

A Long and Troublesome Game

These two legendary players faced each other for five months. During this time, Moss played methodically and with precise calculations, while Nick was chasing his previous victories and hoping to draw better cards. But in the end, Nick lost and lost nearly 2 million dollars.

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Key Lessons for Lawyers

This story reminds lawyers that relying on luck and high-risk moves may sometimes yield results, but in the long run, only those who rely on principles and correct strategies will succeed. Just as Nick failed by chasing his previous victories, lawyers who seek quick outcomes without careful planning and analysis may ultimately lose everything.

A professional lawyer must understand that sometimes the best decision is to abandon a case with a low chance of success and focus on matters that can be resolved using strong analysis and strategies.

Conclusion

In the world of law, like in poker, chasing luck and bold moves only leads to failure. For lasting success, you must focus on principles, precise calculations, and correct strategies. Remember, chasing is for dogs.

Source: Lawyers’ Poker: 52 Lessons that Lawyers Can Learn from Card Players: Lubet, Steven: 9780195369014: Amazon.com: Books. (n.d.). Retrieved June 15, 2024, from.