Posts Tagged ‘Bob Bright’

One Drop Investor Edition: Volume Two

Dan Shak and Bob Bright

by , Jul 1, 2012 | 5:42 pm

The million dollar One Drop event has attracted its fair share of professional poker players. But it has also attracted some notable professionals from the investment world. In our One Drop Investor Edition: Volume One, we profiled David Einhorn. In Volume Two, we profile two more investors — with strong¬†poker credentials.

Dan Shak after winning the 2010 Aussie Millions High-Roller event (picture via PokerNews)

Dan Shak
Investment Style: Go Big or Go Home

Dan Shak’s hedge fund SHK Asset Management doesn’t play small ball. According to the Wall Street Journal, at one point Shak owned gold futures contracts valued at $850 million or the equivalent to South Africa’s entire gold production for a year.

But in January 2011, the market turned on a dime, and Shak was forced to liquidate his position for a $7 million loss. Although lately, Shak has made the news for reasons other than investing and poker.

As Dan noted recently, Shak is now suing his ex-wife Beth over her million dollar shoe collection. Since he had no trouble coughing up the $1 million buy-in for One Drop, I suspect Shak’s lawsuit has more to do with publicizing Beth’s new shoe venture than getting a piece of her Christian Louboutins.

Of all the investors taking the One Drop field, Shak clearly has the most WSOP experience. He’s cashed 15 times in WSOP events, five of them occurring in this year’s series. He also took out Phil Ivey heads-up to win the 2010 High Roller event at the Aussie Millions.

Bob Bright during the 2006 WSOP $2000 NLHE event

Bob Bright
Investment Style: Small Ball

Day traders are the grinders of the investment world. They don’t swing for the fences. Instead, they try to reduce day-to-day market risk with trading techniques that let them advance just one base at a time. Pushing this baseball metaphor, Bob Bright is a day trading coach and manager.

Bright Trading has more than 40 locations where day traders are coached and mentored in proprietary risk reducing techniques. In the solitary world of trading, Bright Trading offers them a supportive community as they navigate their game of inches.

Bright Trading and Bob Bright are based in Las Vegas. And Bob Bright has always loved poker. His earliest cashes date back to 1990, when he cashed in both low ball and razz at the Hall of Fame Poker Classic. His biggest score was a third place finish in the 2006 WSOP $2,000 no limit event.

More Bright poker trivia: In 2008, Bright allowed professional poker player Brandon Adams to trade at Bright in exchange for poker coaching.  As this 2+2 thread details, Adams dropped a hefty bankroll on some speculative trades. Hopefully Bright got more out of the poker lessons.