Motley Fool analyst (and weekend card-shark) Anand Chokkavelu sees a lot of similarities between poker and investing. The players who consistently win big pots have something in common with investors whose portfolios grow richer by the year: patience. Sure, bold bluffs and blind luck sometimes win card games, but such victories usually come after the gambler has patiently checked and folded over and over in the face of long odds. Same goes for choosing stocks.

Applying this green-felt lesson to investing, Chokkavelu focuses on three great companies from three very different industries: Buffalo Wild Wings (Nasdaq: BWLD), Morningstar (Nasdaq: MORN), and Paychex (Nasdaq: PAYX) -- all great companies, all trading at what he believes to be rich valuations.

Investors who do their research and demonstrate patience may discover down the line that the market has dinged these great companies for a superficial reason -- and that could be the signal to ante up. Watch the video here:

Anand Chokkavelu does not own shares of any of the companies mentioned, but hopes someday he gets the prices he's looking for. Paychex is a Motley Fool Inside Value selection. Morningstar is a Motley Fool Stock Advisor recommendation. Buffalo Wild Wings is a Motley Fool Hidden Gems choice. Paychex is a Motley Fool Income Investor selection. The Fool owns shares of Morningstar. The Motley Fool has a disclosure policy.