The Professor Who Beat the Casino and Wall Street
2:24
YouTubeChris Dunn
The Professor Who Beat the Casino and Wall Street
Most people walk into a casino looking for luck. Ed Thorp walked in looking for edge. In the early 1960s, Thorp realized blackjack wasn’t just random entertainment. As cards left the deck, the odds changed. That meant the casino was offering something investors understand very well: mispriced risk. He tested the system, sized the bets, proved ...
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