After fending off the depression from having my right wrist put in a cast last Thursday morning due to damage to my TFCC tendon that I injured lifting weights, I have returned to my nefarious ways. After placing 14th out of 1458 on Sunday in Thunder Valley’s World Series of Poker (WSOP) series $400 $300k Guarantee Opener, I felt motivated to give it another shot Monday morning in the $400 $100k Guarantee Monster Stack.
I got off to a good start but then went cold and went into the dinner break with only 60,000 chips from a 40,000 starting stack heading to Level 13 (2000/4000/4000). In other words, I had only 15 big blinds – no manueverability, a shoving stack only. But then I went on a heater topped off by picking up Aces on the final hand of the night when a medium sized stack shoved All In with Q10ss. My hand held up and I finished the night with the chip lead at 895,000 heading into Day 2 Wednesday. (Tuesday is Flight 1B).
Unfortunately, my night wasn’t over as I’d decided to change hotels from one in Rocklin to one in Davis where I planned to look at apartments Tuesday in consideration of a move. In addition to having to drive to Davis I had to go the emergency room to have the cast on my wrist removed due to a painful rash as a result of getting the cast wet. It had become increasingly uncomfortable as I played poker Monday and by the time I finished it was intolerable. By the time they took it off, it was after midnight.
Nevertheless I managed to get some sleep from 12:30am to 6:00am and felt good upon waking up. Taking my own advice from “Working Out As You Get Older”, I took into consideration my overall activity level Monday – not just the fact that I did an easy workout that morning – and decided to take Tuesday off from the gym. In the past, I would have pushed through – not wanting to take a day off following an easy day – with predicatably bad consequences. That would have risked overtraining or injury as well as putting myself at risk of not feeling well for Day 2 of the Monster Stack on Wednesday. I can always workout hard tomorrow morning (Wednesday) if I feel like it. Obviously a prudent and common sensical decision but one that it’s taken me more than 47 years to be able to make correctly.
As a result of that prudent decision I’ve been able to enjoy a leisurely Tuesday morning in Davis. I got a nice breakfast at The Delta of Venus in Downtown Davis where two scrambled eggs and a bagel with cream cheese cost only $8. I got a sugar drink with some coffee at Dutch Bros (BROS) – a stock I first wrote about in “Legendary Days: Adventures in San Diego”. After that I looked at two apartment complexes in East Davis and shot a few baskets in a beautiful park between the apartments and my hotel.
Nike (NKE) reports earnings after the close today and I trimmed half of the position that I picked up three months ago in the wake of the nasty selloff after their last earnings report. The stock has rallied nicely since then – which is why I sold half – but I continue to believe that NKE is a stalwart – to use a term from Peter Lynch – that will outperform over the long term. One perennial investment move is to pick up these high quality stalwarts whenever the market overreacts to a short term issue. Almost inevitably they bounce back. Nike is still a great brand and people are still buying their sneakers and athleisure wear which means the stock should be fine if you’re patient.
