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A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market
A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market | Edward O. Thorp
3 posts | 3 read | 2 to read
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GoneFishing

I wondered how my research into the mathematical theory of a game might change my life. In the abstract, life is a mixture of chance and choice. Chance can be thought of as the cards you are dealt in life. Choice is how you play them. I chose to investigate blackjack. As a result, chance offered me a new set of unexpected opportunities.

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GoneFishing

Our corporate executives speculate with their shareholders‘ assets because they get big personal rewards when they win—and even if they lose, they are often bailed out with public funds by obedient politicians. We privatize profit and socialize risk.

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GoneFishing

Life is like reading a novel or running a marathon. It‘s not so much about reaching a goal but rather about the journey itself and the experiences along the way