How Math Broke Las Vegas and Wall Street - Edward Thorp
From Sleepy Stock Market · 01:06:28
Show by Sleepy Stock Market
In 1959, a mathematician at MIT sat down at an IBM mainframe and ran thirty-four million simulated hands of blackjack. He proved the house could be beaten — then walked into Las Vegas and did it. But the casinos were only the warm-up. For nearly twenty years, Edward Thorp ran a hedge fund that never had a single losing quarter: through the 1973 crash, through Black Monday, through interest rate chaos. No down quarter. Not one. Then federal agents walked through the door.🎧 Part of the Sleepy Stock Market series — financial history told as documentary audio.SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.#EdwardThorp #QuantFinance #HedgeFundHistory #BeatTheDealer #WallStreetHistory #CardCounting #FinancialHistory #ClaudeShannon #OptionsTrading #MarketNeutral
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